MCLEAN, Va., Nov. 10, 2016 /PRNewswire/ -- Monster
Worldwide, Inc. and Military.com today released their 2016 Veteran
Talent Index showcasing five years of data about veteran
recruitment, hiring and retention. The report also has new
information regarding the role mobile technology plays in the job
search process, the mobility of veteran job seekers and the
importance of the non-profit sector in advancing veteran
hiring.
"Despite continued challenges, we are seeing improved hiring
conditions for veterans. Both veterans and employers feel that men
and women are leaving the military well-prepared to hold civilian
jobs," said Steve Cooker, executive vice president for global
government solutions for Monster Worldwide. "Veterans are
indicating a strong sense of self and a more positive outlook about
the possibility of finding a job."
Cooker continued, "Over the past five years, the Veteran Career
Confidence Index, the Veteran Job Search Activity Index and the
Employer Veteran Hiring Index have remained steady or improved,
indicating that more veterans and employers are confident about
their job search and recruitment efforts. Additionally, it
demonstrates that employers and veterans have worked to address
challenges that once stood in the way of connecting veterans to
jobs, and that work must continue to ensure progress."
Following are the key takeaways:
- Veterans continue to be confident about their ability to
find a job and believe the skills they obtained in the military are
relevant to civilian careers: The 2016 Veterans Career
Confidence remained steady at 57 (out of 100) indicating Post 9-11
veterans continue to be confident in their ability to find a job.
While down from 58 last year, the overall confidence index has
remained solidly between 52 and 58 over the past five years.
- More veterans are looking for jobs: The Veteran Job
Search Activity Index is 78, up four points from 74 in last year's
Index but lower than the high of 80 in October 2012. The average score since the survey
launched in the fall of 2011 has been 76.
- The level of hiring and motivation to hire veterans among
employers remains strong: The Employer Hiring Index, which
measures employers' level of hiring and motivation to hire veterans
as well as an assessment of their work, remains strong at 68. The
average score over the past five years is 71.
Mobile technology is playing a bigger role than ever in how
veterans look for work and how employers are recruiting potential
candidates.
- Fifty-four percent of veterans said they have used the Facebook
app on their mobile devices to search for jobs in the last year,
and 52 percent said they rely on their network of family and
friends as the most useful way to look for work; so veterans are
using social media to network but also to access information
presented by employers on social media and through apps.
- Forty-two percent said they used Military.com and 37 percent
cited Monster as a preferred resource. LinkedIn also was listed as
a top choice among 37 percent of the respondents.
- Sixty-four percent of employer respondents said they advertise
jobs through Facebook, compared to 44 percent on LinkedIn, 40
percent on Twitter, 38 percent on Monster and 21 percent on Recruit
Military.
Another significant finding this year is that a large amount of
veterans were willing to relocate for a job. A solid 83 percent of
measured veterans are willing to move for a job if the right
opportunity is presented. Most are willing to relocate within their
state (47 percent), but 33 percent would consider relocating
anywhere in the United States, and
38 percent were willing to relocate within their region of the
country.
When considering relocating for a job, veterans were clear about
what was most important to them. Cost of living was the leading
factor, with 68 percent saying it was very important to them;
location and company size were both listed as very important by 59
percent of veteran respondents, and 51 percent said their spouses'
ability to find work was very important to their decision-making
process.
Company size also appears to be very important to veterans. Over
half (57 percent) of those surveyed indicated they would prefer to
work for a company with less than 500 employees. Thirty-two percent
said they would prefer a company with 101-500 employees and 25
percent said they would prefer to work for a company with less than
100 employees.
Public/Private Partnerships
This year, the VTI survey included questions for job seekers and
employers around their use or partnerships with nonprofits and
Veteran Service Organizations. Many have implemented new employment
initiatives in the past few years and in the case of employers,
these organizations can act as a gateway to the veteran talent
pool.
Veterans indicated they turned to non-profit organizations,
government agencies and Veteran Service Organizations to help them
find work or for resources around their job search. 26 percent used
the Department of Veterans Affairs for employment resources, 21
percent turned to the Department of Labor and 21 percent used the
American Legion.
Employers also used resources from the Department of Labor (29
percent) and the Department of Veterans Affairs (25 percent), while
22 percent worked with Hiring Our Heroes, 18 percent worked with
Veterans of Foreign Wars (VFW) and 16 percent worked with the
USO.
The majority of employers (65 percent) said they advertised open
jobs with these organizations, with 54 percent saying they attended
events and 35 percent indicating they used or re-purposed
employment content from these organizations. Just over a quarter of
the employers (29 percent) indicated they had entered into an
official partnership with these organizations to facilitate veteran
hiring.
Additionally, this Veterans Day,
Monster, in conjunction with Military.com, has published its
second-annual "Best Companies for Veterans" list. The list honors
companies that have made significant efforts to employ, hire,
retain and train veterans over the course of the last year. For the
second year, a panel of seven Monster, Military.com and
external veteran hiring experts submitted companies for
consideration. Those companies are then asked to supply proprietary
data on their veteran hiring processes before Monster determines a
top 10. Click here to see the 2015 list, and the 2016 list,
officially released today, can be viewed here.
About Veteran Talent Index
Monster and Military.com established the Veteran Talent Index
(VTI) in the fall of 2011 to provide an ongoing and quantifiable
metric of employment conditions for the transitioning service
member. The VTI is a snapshot of the employment landscape from the
perspectives of transitioning military service members, veterans,
and the employers seeking to hire them.
Read or download the full report, which includes additional
statistics, resources for both job seekers and employers and do's
and don'ts for both groups, by visiting Monster here.
About Monster Worldwide
Monster Worldwide, Inc. 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.
Links:
Military.com Facebook
Military.com Twitter
Military.com Google+
Military.com Press Center
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SOURCE Monster Worldwide, Inc.