Veterans are in demand - Let our experts help with a few quick tips about keeping them from taking leave when another employer comes calling.November 20, 20192 min read
America’s economy is firing on all cylinders – and with that comes the fact that high quality employees are in demand, hard to come by – and once you have them, hard to keep.
Veterans, entering the workforce are no exception. They are renowned for being hard working, on-time, eager to learn and focused on their work.
"There are nearly 18 million veterans in the U.S., about 8% of the civilian population aged 18 and over, according to the Bureau of Labor Statistics. In October, veterans had a jobless rate of 3.0%, slightly better than the non-veteran unemployment rate of 3.2%. Clearly, many employers in the corporate world are seeing the advantages of hiring military veterans.
But they are often unsuccessful keeping those veterans on the payroll. In a recent survey, more than 80% of veterans stayed in their first post-military job less than two years and nearly half stayed in that first job for only a year or less. That kind of turnover is not only frustrating for veterans, but costly for your business when you add up recruiting, training and replacement expenses." November 11 – Benefit News
So, what can employers do to ensure they keep these top-notch employees from fleeing for greener pastures? There are some simple tips that companies can adopt to help veterans as they transition from military to the civilian workplace. And, if you are interested in learning more or what can be done – let one of our experts help.
Liz Ahmed is Unum’s executive vice president of people and communications, responsible for human resources, diversity and inclusion. She is available to help with any of your questions – simply click on her icon to arrange an interview today.
Liz Ahmed Executive Vice President, People & Communications
Liz Ahmed is EVP, People and Communications for Unum, a leading provider of workplace financial protection benefits