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JPMorgan Chase Announces More Than 4,500 Veterans Hired At Firm; 82 Companies Now Part Of The 100,000 Jobs Mission

Stocks in this article: JPM

JPMorgan Chase announced today it has hired more than 4,500 veterans since 2011. The firm attributes its early success to the momentum gained through the 100,000 Jobs Mission, internal training programs on veteran employment and a recruiting effort dedicated to hiring transitioning servicemembers and veterans.

JPMorgan Chase and ten other companies launched the 100,000 Jobs Mission in early 2011 with a commitment to collectively hire at least 100,000 veterans by 2020. Since then, the grassroots coalition of private sector companies has grown from eleven employers to eighty-two who have collectively hired 28,186 veterans through September 30, 2012. The 100,000 Jobs Mission continues to grow by adding like-minded companies that are committed to hiring the nation’s veterans and reducing veteran unemployment.

Speaking to the early success of the program, Frank Bisignano, JPMorgan Chase Chief Operating Officer and Mortgage Banking CEO said, “To have achieved more than a quarter of our goal in less than two years is a testament both to the commitment of the coalition and to the quality and drive of our returning service men and women. But we remain focused on our goal. The number of unemployed veterans remains high, and more businesses need to recognize the tremendous talent, intellect and skill our servicemen and women can bring to their organizations.”

JPMorgan Chase also established a centralized Military Recruiting Team that has assisted in hiring more than 4,500 veterans at the firm since 2011 – at a rate of about ten veterans a day. Thirteen out of fifteen recruiters on the team are former military, or are still in the Guard or Reserves, helping to remove the obstacle servicemembers face in translating military skills into corporate jobs.

Training Programs Facilitate Transition from Military to Corporate Culture

While military experience develops many skills necessary to succeed in the private sector including leadership, a team-oriented attitude and strong work ethic, JPMorgan Chase has established several training programs to grow the next generation of leaders for the firm.

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