Veterans Talent Index - Monster.com1. Veterans Talent Index
U.S. Job Conditions
Insights and Analysis from Veteran
Professionals, Recruiters and Hiring Managers
November 2012
2. Spokespeople
Jeff Quinn Steve Cooker Rear Adm. T. McCreary,
Vice President, Global Executive Vice President US Navy (retired)
Monster Insights for Monster Global Government President, Military.com and
Worldwide Solutions, Vice President for Monster
Monster Worldwide Worldwide
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3. Why Monster . . .
Monster
Monster Government Military.com
Solutions
Worldwide leader in Focused exclusively Preeminent member
connecting people to job on the organization for active
opportunities workforce needs duty military, veterans,
of the public sector and spouses
We recognized that going beyond basic veterans
unemployment statistics would facilitate change...
…and we knew we could
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reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical,
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4. Why Now . . .
Annual Unemployment Rates for Civilians and
Gulf War-era II Veterans
Key Points
30.2
Gulf War Era II veterans are on the
18.9
rise, roughly up 9% per year 16.4 16.1
11.5 12.1
9.4 8.7
18-24 veterans are struggling to find
employment (2011, 30.2%)
Veterans, Gulf War- Civilians Veterans 18-24 Civilians 18-24
era II veterans
Unemployment rates for Gulf War Era II 2010 2011
veterans (Q3, 9.9%) remain higher than
Non-veterans (Q3, 7.9%)
Q3 2012 Unemployment Rates for
Female Gulf War Era II veterans Males and Females
(Q3, 12.9%) are seeing the most 12.9
obstacles in the labor market 9.9 9.4 9.9
7.9 7.8 8.0
6.7 6.4
Male Gulf War Era II veterans
(Q3, 9.4%) are also seeing a higher
unemployment rate than non-veteran
males (Q3, 7.8%) Over 18 Years Male Female
Non-Veterans Veterans Gulf War-era II
Source: Bureau of Labor Statistics, www.bls.gov, October 2012
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5. Veterans Talent Indices (VTI) | Introduction
Monster is dedicated to helping employers hire the dedicated men and women who served our country
and to helping our nation’s veterans find civilian positions that utilize their experiences and skills
Launched November 2011
Timing: Memorial Day, Veterans Day
Veterans represent an elite and diverse
talent pool available for hire
Most possess transferrable
skills, professional discipline and positive
attributes identifiable in today’s evolving
workforce
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6. Veterans Talent Indices (VTI) | Introduction
Monitors veterans’ confidence in Veteran Career
finding jobs and skills acquired Confidence
during and after service Index
Monitors how employers
who have hired multiple
veterans in the past year
Veteran
Employer compare their work
Monitors transitioning Job
Veteran performance to non-
veterans’ job search Search veteran employees
Hiring
activity and resources Activity
Index
Index
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8. Key Findings | Veterans
Confidence in finding jobs falls
for the second consecutive period
75% are not confident in finding a job
Females are less confident than males
50% cite five or more challenges towards
finding employment
Job search activity continues to rise
Struggle to communicate with employers
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reproduced, stored in a retrieval system or transmitted in any form by any
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9. Key Findings | Employers
Are hiring more veterans
Hire the best candidate for the
job, regardless of status
Feel that veterans are generally
unprepared for the transition
Struggle to communicate with veterans
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reproduced, stored in a retrieval system or transmitted in any form by any
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Monster, Worldwide Inc.
11. Career Confidence | Index Drops Again
Veterans Career Confidence Index
56
54
50
Down
11%
YoY
Nov-11 May-12 Nov-12
Index Scale 0-100
Source: Monster Veteran Career Confidence Index
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12. Career Transition | Veterans Are Not Prepared
65% said they felt
challenged finding a job
that matches what they want in terms of
salary and location
Only 43% said that they
felt prepared for their transition –
down from 53% in November 2011
Female veterans felt slightly more prepared (46%) to
transition from the military than their male counterparts (43%)
Source: Monster Veteran Career Confidence Index
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13. Prepared Veterans | Lack Confidence
Confident Not Confident
43% veterans who felt
ready to transition 30% 70%
57% veterans who felt
not ready to transition
15% 85%
Veterans who felt READY TO TRANSITION are more CONFIDENT about
finding a job, although there is significant room for improvement
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15. Job Search Activity | On the Rise
Veterans Job Search Activity Index
77 80
74
Up
8%
YoY
Nov-11 May-12 Nov-12
Index Scale 0-100
Source: Monster Veteran Job Search Activity Index
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17. Veteran Hiring | Remains Strong Focus
Employer Veterans Hiring Index
74 72
71
Down
3%
YoY
Nov-11 May-12 Nov-12
Index Scale 0-100
Source: Monster Veteran Job Search Activity Index
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18. Veteran Hiring | Strong Commitment
Employers remain committed to hiring veterans
> 98%of employers would recommend hiring a veteran
> Two out of three employers have hired more than one veteran
in the last year (69%)
Most employers express strong professional and personal
commitments to hire veterans
> 38% of employers felt their organization has special talent needs that a
candidate with military experience would be more qualified at than a
candidate with no military experience
> Referenced skills: security; ability to make a decision; leadership;
motivation; airfield experience; and medical trauma experience
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20. Making a Difference| Improve Skills Translation
What veterans are searching Occupations with the most opportunity
for on Monster.com (postings on monster.com)
1. Security Officer 1. Accounting / Finance / Insurance
2. Customer Service Representative 2. IT/Software Development
3. Manager (General) 3. Sales/Retail/Business Development
4. Administrative Assistant 4. Marketing/Product
5. Sales Representative 5. Medical/Health
6. Assistant Manager (General) 6. Engineering
7. Supervisor (General) 7. Business/Strategic Management
8. Electronics Technician 8. Logistics/Transportation
9. Manager (Security) 9. Biotech/R&D/Science
10. Industrial Maintenance Mechanic 10. Legal
18% of veterans would return to work in government / defense sectors
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21. Making a Difference | Transitioning Programs
Importance of Applying Military
Skills to Business Use Recommendations from Employers
Disagree Neutral Agree
15% 35% 50%
Translation of military skills to corp. job skills 70%
Veterans are prepared for a career transition
4% 19% 77% More details on resume 42%
Military skills are relevant to civilian careers
Better communication of
15% 35% 50% skills during interview 39%
Those with prior military experience should be given
preferential job opportunities
70% of employers recommend How we communicate can
veterans spend the time translating make a huge difference
military skills to corporate job skills
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reproduced, stored in a retrieval system or transmitted in any form by any 21
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22. Making a Difference | Connecting Veterans to Jobs
Employers say Veterans say
veterans should: employers should:
Get recommendations Ask a veteran about his/
while in the military PREPARE her evaluations
Use all available resources Provide feedback during
in your job search USE RESOURCES or after your interview
Be proactive…
Ask for help NETWORK Build a military-friendly image
Understand your skills IDENTIFY SKILLS Understand their skills
Invest time and energy Write specific job postings to attract
into your search SET EXPECTATIONS the most relevant candidates
Take the time to educate yourself
Educate yourself EDUCATE on your veteran candidates
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reproduced, stored in a retrieval system or transmitted in any form by any 22
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24. Veterans Talent Index| For More Information
Monster will release the Veterans Talent Index around Memorial Day and
Veterans Day each year
These reports provide insight and recommendations to help both the
transitioning service members and their employers
CONTACT INFORMATION:
Kristen Gugliotta
Senior Public Relations Manager, Monster Worldwide
kristen.gugliotta@monster.com
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reproduced, stored in a retrieval system or transmitted in any form by any 24
means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of
Monster, Worldwide Inc.