MCLEAN, Va., July 28, 2015
/PRNewswire/ -- Monster (NYSE: MWW) and Military.com released
the results of their most recent national Veterans Talent Index
(VTI) today, indicating veterans and employer confidence is up.
The overall veteran unemployment rate is half that of the rate
in 2011 which was nearly 10 percent. According to the VTI, a
comprehensive analysis of transitioning military service members,
veterans, and their employers, two-thirds of employers report they
hire veterans not out of a patriotic obligation, but because
employers believe veterans are the best qualified within the
candidate pool.
"Generally, the process of changing attitudes and building
confidence in a population tends to be slow," said Greg Smith, President of Military.com and
retired Navy Rear Admiral. "However, in four short years, both
employers and veterans have done so with great results. Veteran
unemployment is down and confidence in their ability to achieve
success in the civilian sector is up, thanks to the tireless
efforts of many."
Some key findings in the VTI indicate location could influence
the chances of a veteran finding a job. The best veteran employment
rates are in Ohio, Virginia, and Texas while veteran unemployment rates in
Mississippi, Louisiana, South
Carolina, Ohio, and
Connecticut are lower than
non-veteran rates in those same states.
The report also included information on veterans' desire to
further their skill sets through on-the-job training or enrolling
in a college or advanced degree program. Eighty-three percent of
those surveyed indicated they planned to use their GI Bill benefits
to assist in paying for further education. The VTI study also found
that there are still gaps in skills translation and transferring
military credentials to civilian occupations.
Some veterans have compared the difficulty and stress of moving
from military service to civilian life with what people might
experience when immigrating to a new country. Transitioning service
members must often adapt to unfamiliar work environments, new
cultural norms, and even entirely new ways to communicate with
others. Many veterans have reported their transitions were among
one of the most difficult things they have ever done. "Everyone who
has committed time, talent, money, and effort to finding solutions
to veteran unemployment should take pride that their efforts have
contributed to a national solution that is working," said Smith.
"However, before we declare victory, we still have much to
do. Unemployment among our youngest veterans, 18-24 years
old, is still stubbornly high at over 18%; female veteran
unemployment is higher than that of their male counterparts; and
one out of every three veterans returns to civilian life with a
service connected disability. I challenge all to redouble our
efforts to ensure every returning veteran has a meaningful
job."
The July 2015 Veteran Talent Index
contains a wealth of useful data and findings related to the
current veteran employment situation. To view the complete VTI
report and results, visit
www.monster.com/about/veterans-talent-index.
About Monster Worldwide
Monster Worldwide, Inc. (NYSE: MWW), is a global leader in
successfully connecting people and job opportunities. Monster uses
the world's most advanced technology to help people Find
Better, matching job seekers to opportunities via digital, social,
and mobile solutions including monster.com®, our
flagship website, and employers to the best talent using
a vast array of products and services. As an Internet pioneer,
more than 200 million people have registered on the Monster
Worldwide network. Today, with operations in more than 40
countries, Monster provides the broadest, most sophisticated job
seeking, career management, recruitment, and talent management
capabilities globally. For more information, visit
monster.com/about.
About Military.com
Military.com is the nation's largest online military destination
serving over ten million members, including active duty personnel,
reservists, guard members, retirees, veterans, family members,
defense workers, and those considering military careers.
Military.com enables the 30 million Americans with military
affinity to access information about their benefits, advance their
careers, enjoy military discounts, and stay connected for life.
Military.com develops efficient affinity marketing and
communications programs for government agencies and companies
serving this market. Military.com is a business unit of Monster
Worldwide, Inc. More information is available
at www.military.com.
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SOURCE Monster Worldwide, Inc.