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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

Earlier this month, Chase launched an innovative Branch Manager Training Program for military veterans. Chase will recruit, hire and train twenty veterans to be branch managers in New York, Dallas, Columbus and Tampa. The candidates will train in a twelve-month program focused on developing branch banking skills that complement the candidates’ existing skills gained in the military. The program combines classroom, online and on-the-job instruction. Once the training is successfully completed, the candidates will be branch managers.

JPMorgan Chase also developed Body Armor to Business Suits, an internal training program designed to help new military-experienced employees assimilate into the firm. Another internal training program, Military 101, helps hiring managers and other non-military-experienced employees better understand veterans’ backgrounds and the experiences they bring to the workplace.

Maureen Casey, Managing Director of JPMorgan Chase’s Office of Military and Veterans Affairs commented, “Veteran employment is a major initiative for the firm. Our collective efforts are not simply about helping veterans find jobs but also providing them with the skills and support they need to excel in their new roles and make their transition from the military to the private sector seamless. Long-term success requires that we put as much effort into assimilating and retaining veterans as we do on recruiting and hiring them.”

Employment Partnerships

In addition to the 100,000 Jobs Mission, JPMorgan Chase also partnered with Syracuse University to establish the Institute for Veterans and Military Families (IVMF) in June 2011. IVMF is the first national center in higher education focused on the social, economic, education and policy issues impacting veterans and their families post-service. Since the Institute’s launch, IVMF has issued monthly reports documenting the change in the employment situation of America’s veterans; they have published two major publications on veteran employment including The Business Case for Hiring a Veteran: Beyond the Clichés and Guide to Leading Policies, Practices & Resources: Supporting the Employment of Veterans and Military Families; they have released 32 research briefs on employment, education, wellness and family; and its newest offering, “Operation Boots to Business: From Service to Startup,” is a three-phase training program offered in cooperation with the U.S. Small Business Administration to train transitioning servicemembers on business ownership.

According to IVMF Executive Director and Founder Mike Haynie, “We are extremely fortunate to have the support and partnership of JPMorgan Chase & Co., a thought leader in the veterans space and an invaluable partner in contributing to the actionable research that elevates the national dialogue on veteran employment. Through our collaboration and partnership, we are able to pursue our mission, which helps make a difference in the lives of the men and women who have served our country in uniform, and the families that support them.”

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