Prudential Financial Recognized For Commitment To Veterans

For the third consecutive year, Prudential Financial, Inc. (NYSE:PRU) has been named to the GI Jobs Top 100 Military Friendly Employers® list in recognition of the company's Veterans Initiative, which is helping military Veterans prepare for employment in the civilian workforce.

"At Prudential, recruiting Veterans and training them to apply their skills in new meaningful careers is an integral part of our broader talent management strategy," says Toni McDaniel, a director in Diversity Recruiting. “We continue to look to our military personnel as a deep pool of talent for various positions across the company.”

Now in its 10th year, the Top 100 Military Friendly Employers® list is the premier resource for transitioning service members and spouses seeking civilian employment, an issue that is top of mind for many servicemen and women. According to the Veterans’ Employment Challenges study conducted earlier this year by Prudential with the support of Iraq and Afghanistan Veterans of America (IAVA), more than two thirds of veterans reported finding a job as the greatest challenge in transitioning to civilian life. The survey highlighted the unique challenges Veterans are facing when returning to civilian life, with the greatest challenge for many being finding a job.

“The unfortunate reality is that the unemployment rate for veterans is higher than the national average for non veterans. This is a challenge corporate America should and can help address,” says Raymond Weeks, vice president, Veterans Initiatives. “Veterans have undergone extensive training, worked in diverse settings and gained unique transferable skills. Academic research supports hiring veteran talent as a smart business strategy.”

Prudential continues to support and participate in programs designed to help enable veterans in their transition to civilian life and the workplace. These include support of career fairs and transition workshops as well as on other outreach activities like those showcased in its new video exclusively focused on attracting servicemen and women to the Newark-based financial services firm.

“These have been important in assisting veterans transition into corporate America - whether they are looking for a job at Prudential or another company,” says McDaniel.

Prudential also supports former military service men and women through VETNet, an internal business resource group that promotes professional development of employees. The company also provides an online course to help hiring managers and co-workers increase their cultural awareness of employees with military experience.

The survey results that determined the 2013 list were independently tested by Ernst & Young LLP based upon the weightings and methodology established by G.I. Jobs. Each year companies taking the survey are held to a higher standard than the previous year via improved methodology, criteria and weightings developed with the assistance of an Advisory Board consisting of leaders in the military recruitment community.

As part of Prudential's longstanding commitment to U.S. Veterans, active service members and veterans already in our employ, Prudential’s Veterans Initiative team coordinates companywide efforts to create sustainable programs for transitioning veterans, and collaborates with corporate peers to support similar programs with an emphasis on providing veterans access to quality education, job training, and employment opportunities. These efforts include Prudential’s sponsorship of VETalent, an innovative training and hiring program run by Workforce Opportunity Services (WOS), a nonprofit 501©(3) organization with a proven track record. For more information, visit www.prudential.com/veterans.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/

Copyright Business Wire 2010

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