Companies Pledge To Hire Veterans

This week, General Electric announced a program that will place up to 5,000 military veterans in jobs within the company over the next five years.   Other employers are also making special efforts to reach out to veterans, who often struggle to make the transition from military service to traditional employment.   Siemens plans to hire an additional 300 veterans in 2012.  JP Morgan Chase, Delta Airlines, ManTech International, and Pitney Bowles are just some of the companies that have joined the 100,000 Jobs Mission, created to highlight the benefits of hiring veterans and matching veterans with job openings.  Due to these efforts, the unemployment rate among vet is finally beginning to come down.  Unemployment among all vets 18 years and older fell to 7.5 percent in January, compared to 9.9 percent a year earlier.  Unemployment for veterans of the most recent wars in Iraqand Afghanistanis still higher than the overall national average at 9.1 percent, but that is down from 15.2 percent a year ago.  Unfortunately, more veterans are entering the civilian labor market every day.  In August and September, various military branches announced personnel reductions totaling 67,500 and more expected to come as military budgets continue to be targeted for cutbacks in the coming years.  What are the biggest challenges for veterans making the transition to the civilian workforce?  How do employers benefit by hiring veterans?  What are some special strategies veterans can employ in their job search? 


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