Top Companies for Veterans

May 27, 2016 9:59 am

vet photoBy Eve Tahmincioglu

Could the nation’s employer be doing a better job when it comes to hiring veterans? Recent jobless numbers may point to improvements.

Among Gulf War era vets who served since September 2001 the unemployment rate fell to 4.1 percent in April, from nearly 7 percent in the same month last year, according to the Bureau of Labor Statistics report.

“I’d take month-to-month variation with a grain of salt,” said Nick Armstrong,Senior Director for Research and Policy for the Institute for Veterans and Military Families at Syracuse University, who will be a featured speaker at DiversityInc’s webinar, Five Successful Strategies for Recruiting Veterans, in November.

There are many possible explanations, he continued, including seasonal change. “Quarterly and annual rates are better to assess,” he said. “Even then, it’s still hard to isolate the cause to employers making purposeful commitments. It’s usually a combination of multiple factors.”

While vet advocates and economists often warn against looking at one month as a trend, especially since the data doesn’t include vets who are not searching for a job because of a disability, for example, the numbers for 2015 pointed to better news for the men and women who served this country.

“I do think it’s become incrementally easier for veterans to transition out of the military,” Nathan Smith, chief operating officer for Hire Heroes USA, told the Wall Street Journal earlier this year.

Employers who are ahead of the curve, helping to make the transition easier, top DiversityInc’s 2016 list of the best companies for veterans – a 2014DITop50CoLogo2specialty list that’s part of DiversityInc Top 50 Companies for Diversity annual surveyThese companies understand veterans bring valuable skills, diversity and are an important source of talent and leadership. 

Companies on this list demonstrate diversity-management initiatives, which have the best results in recruiting and promoting veterans, including:

  • Percentage of workforce, new hires and managers who are veterans
  • Recruitment efforts aimed at veterans
  • Hiring practices including accommodations for spouses of veterans
  • Percentage of philanthropic endeavors aimed at veterans
  • Percentage of procurement spent with veterans with disabilities

Here is the list of Top 10 Companies for Veterans for 2016:

  1.  Lockheed Martin Corporation
  2.  Northrop Grumman
  3.  The Hershey Company
  4.  Prudential Financial
  5.  AT&T
  6.  Southern Company
  7.  Boeing
  8.  BASF
  9.  Comcast NBCUniversal
10.  First Data