Monster.com ®, the worldwide leader in successfully connecting people to job opportunities and the flagship brand of Monster Worldwide, Inc. (NYSE: MWW), today released its biannual Veterans Talent Index , a snapshot of the current veteran hiring landscape. First introduced in November 2011, the Veterans Talent Index serves as a comprehensive analysis of transitioning military service members, veterans and their employers. This third in an on-going series of reports is meant to facilitate the employment of our nation’s veterans. The November 2012 report is generated from employer and veteran feedback, leveraging the resources of the Military.com Career and Transition Center, including data on veteran skills, training and experience gathered from more than two million veteran resumes.
Veterans represent an elite and diverse talent pool offering a unique set of skills, experiences and leadership abilities. Most possess transferrable skills, professional discipline and positive attributes identifiable in today’s evolving workforce. Yet veterans continue to express a deepening lack of confidence in finding an appropriate job. The November 2012 Veterans Talent Index report reveals that while two-thirds of veterans believe the skills they acquired in the military are relevant for business use, more than three-quarters (78%) are not confident about finding a job that meets their abilities.
“In the most recent survey, nearly all the employers we spoke with would recommend hiring veterans, and 99 percent say veterans perform their job functions the same or better than non-veteran workers,” said Steve Cooker, executive vice president, Global Government Solutions for Monster Worldwide. “However, the fact that just 50 percent of employers surveyed agree that veterans are prepared for a successful transition, shows there is still a lot of work to be done.”
The November 2012 Veterans Talent Index is a comprehensive analysis of transitioning military service members, veterans and their employers. The three indices of the report include : 1) Veterans Career Confidence Index; 2) Veterans Job Search Activity Index; and 3) Employer Veterans Hiring Index. The November 2012 Veterans Talent Index report shows the confidence level for veterans has dropped 7 percent over the past six months.The Veterans Career Confidence Index is a monitor of veterans’ confidence in finding a job combined with the level of skills they acquired during and after their military service. The November 2012 report revealed that while they believe their military skills are valuable, veterans continue to show a lack of confidence in their ability to find a job and still face challenges in translating their military skills to civilian jobs. The November 2012 Index dipped to 50, compared to 56 in November 2011, on a scale of 0-100. November 2012 details:
- Less than half of respondents (43%) feel they are prepared for their career transition out of the military, down from 53% in November 2011
- Only 22 percent of respondents are confident about finding work that suits them, down from 34 percent in November 2011
- Four out of five veterans will be searching for a job in the next twelve months, up from 69% a year ago, with nearly 82 % of respondents very or extremely likely to be looking for work within the year
- One in two veterans (57%) are concerned with employers understanding their skills and experience to land a job
- 69% of surveyed employers reported they had hired more than one veteran within the past year
- Nearly all surveyed (98%) who had hired a veteran felt their work experience was about the same or much better than non-veteran workers; 99% would recommend hiring a veteran