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100,000 Jobs Mission Hires More Than 51,000 U.S. Veterans In Two Years

Stocks in this article: JPM

The 100,000 Jobs Mission announced today that its coalition companies have collectively hired 51,835 veterans through 2012. Launched in March 2011 by eleven major employers, the coalition of private sector companies is already more than half of the way to its goal of hiring at least 100,000 U.S. military veterans by 2020.

“This is a major milestone in our mission to hire 100,000 veterans in ten years,” said Frank Bisignano, Chief Operating Officer for JPMorgan Chase, a founding member of the 100,000 Jobs Mission. “To have achieved more than half of our goal in two years is a testament both to the talent of our returning service men and women and to the commitment of the 100,000 Jobs Mission companies. We will continue to make the most of this momentum in 2013.”

The coalition has grown to 94 companies, up from 76 in the third quarter of 2012. The 100,000 Jobs Mission is a unique grassroots effort originating in corporate America to combat the high unemployment rate among U.S. military veterans, especially those returning from service in Iraq and Afghanistan. The member companies represent a wide array of industries across the U.S., including financial services, defense, healthcare, telecommunications, technology, transportation, retail and energy – and they are hiring at all levels within their companies. There is no monetary cost for joining the coalition. Each company has made a commitment to hire veterans, share best hiring practices with other member companies and report their results quarterly. The 100,000 Jobs Mission is focused on the entire employment continuum – not just recruiting and hiring military talent but also retaining them long-term.

Leaders from the coalition companies have stated that hiring veterans is not only the right thing to do; it makes sense for their businesses.

“EMC is extremely proud to be a founding member of the 100,000 Jobs Mission as we reach this significant step towards our goal,” said ML Krakauer, Executive Vice President of Human Resources at EMC Corporation. “Veterans offer a strong set of skills that significantly contribute to future innovation and success at our company. As a member of the coalition, we have had the opportunity to learn, collaborate and share best practices with other leading companies around attracting, developing and retaining our talented veterans. We look forward to continuing the positive momentum this year.”

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