Prudential Named A Military Friendly Employer®

Prudential Financial, Inc. (NYSE: PRU) announced today that it has earned the 2014 Military Friendly Employer® title by Victory Media, publisher of G.I. Jobs and Military Spouse for the fourth consecutive year.

“We are delighted to once again be named a Military Friendly Employer® in recognition of our deep commitment to helping veterans’ transition from the military back to civilian life,” said Barbara Koster, senior vice president and chief information officer at Prudential and head of the company’s Veterans Initiatives. “Prudential is proud of the leadership role it plays in encouraging Corporate America to establish programs that help veterans find meaningful employment after their military service. For us, hiring veterans is a crucial element of our talent acquisition strategy.”

Raymond Weeks, vice president, Prudential Veterans Initiatives and a Marine veteran, said that the company employs veterans across its domestic businesses in entry- to mid-level positions and above. He added that the company offers a variety of programs that help military veterans transition to the workforce, including VETNet, a business resource group that connects employees who are veterans and gives them professional development, mentoring and networking programs, events and opportunities.

In 2010, Prudential partnered with Workforce Opportunity Services and Rutgers University, Newark to develop VETalent, a work/study program that educates, trains and provides employment opportunities to enlisted veterans transitioning from the military. Prudential now operates the program in Dubuque, IA; Dresher/Ft. Washington, PA; Jacksonville, FL; and Hartford/Shelton, CT in cooperation with WOS and local four-year colleges and universities. Since its launch, VETalent has been adopted by other companies, including Sealed Air, Johnson & Johnson, Horizon Blue Cross of New Jersey and Merck.

“The 2014 Military Friendly Employers® represent the preeminent tier of companies with strong military recruitment programs and meaningful job opportunities for transitioning service members and spouses seeking civilian employment,” said Sean Collins, vice president for Victory Media and a nine-year Navy veteran. “Our Military Friendly Employers® constitute the group of companies actually moving the needle and hiring from the military community. The 2014 Military Friendly Employers reported hiring over 117,000 service members and spouses over the last 12 months, representing an average of 14 percent of total new hires.”

Toni McDaniel, director of Diversity Recruiting at Prudential, said, “Veterans are highly capable and diverse pool of talent and we’re excited about helping enlisted personnel transition their success in the military to success in the workplace through challenging careers.”

Caroline Feeney, president of Agency Distribution at Prudential added that veterans possess many traits that make them well-suited for post-military careers as financial professionals. “There just seems to be a natural fit between their training and discipline and structure, and the type of training and structure we provide to our national sales force. We have had quite a bit of success hiring veterans,” said Feeney.

More than 5,000 companies competed for the Military Friendly Employer® title. Criteria included a benchmark score across key programs and policies such as the strength of a company’s military recruiting efforts, the percentage of new hires with prior military service, retention programs and company policies on National Guard and Reserve service. For more information about Prudential’s selection as a Military Friendly Employer®, visit MilitaryFriendly.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2013, 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 and investment management. 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 www.news.prudential.com. For more information on Prudential’s Veterans Initiative, visit www.prudential.com/veterans.

Copyright Business Wire 2010

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