If you’ve been trying to find the right talent for your business, veterans can offer unique skills and perspectives that set them apart. The men and women who have served in the military bring leadership, resilience, and a strong sense of commitment.
Here, we’ll explore how employers benefit from hiring veterans, highlighting why it’s a strategic decision for any company, regardless of its size or industry.
1. Strong Work Ethic
Veterans know how to function in high-pressure environments where discipline and responsibility are non-negotiable. From stringent training programs to real-world deployments, they have the experience necessary to exhibit accountability, focus, and an unwavering commitment to the task at hand.
Hiring a veteran allows employers to benefit from this strong work ethic, which translates seamlessly into civilian jobs. Veterans show up, meet deadlines, and work efficiently toward the company’s goals.
2. Leadership and Team-Building Skills
Military experience provides extensive leadership training and team-building opportunities. Veterans are skilled in managing people and resources to accomplish objectives within tight deadlines, whether in a managerial position or as part of a team.
Many veterans have experience working with diverse groups of people under challenging and high-pressure circumstances. These interpersonal skills make them apt contributors to any team-oriented environment.
3. Enhanced Company Reputation
Companies that prioritize hiring veterans are often seen as socially responsible organizations. Actively recruiting veterans shows your company’s commitment to supporting those who served their country.
This view can positively impact your brand image, foster goodwill, and even attract customers and talent who value organizations dedicated to corporate social responsibility. For many organizations, the prestigious HIRE Vets Medallion Award offers the opportunity to showcase their values.
4. Tax Incentives for Hiring Veterans
Employing veterans is also financially advantageous. Both federal and state governments in the United States encourage businesses to hire veterans through various tax benefits. Programs like the Work Opportunity Tax Credit (WOTC) provide incentives to employers for hiring individuals from specific target groups, including veterans.
Depending on their eligibility, employers can receive tax credits ranging from $2,400 to $9,600 per veteran hired. Some states also offer additional hiring or training grants when you onboard veterans, helping offset costs.
5. Government Contracting Preferences
Government agencies in the US love to support businesses that support veterans. If your company frequently bids for federal contracts, creating job opportunities for unemployed veterans can have significant benefits.
Certain contracts prioritize veteran-owned businesses or those that actively employ veterans, giving your company a potential edge in securing lucrative projects. However, to make the most of these advantages, you must create an environment where veterans thrive.
Invest in Veterans, Invest in Success
Hiring veterans is a win-win for employers and employees. Their unique mix of skills, experiences, and values can significantly enhance your workforce and improve your organization’s outcomes in countless ways. By exploring how employers benefit from hiring veterans, you can make them a core part of your recruitment strategy.