Working World

Issue 462

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February 29 - March 21, 2016 8 Working World l WorkingWorld.com T oday, veterans are returning to civilian life by the tens of thousands, eager to apply their highly refined talents in sustainable careers. Yet, national employment numbers reflect the challenges veterans face in pursuit of this goal. The September Bureau of Labor Statistics unemployment rate for Gulf War Era II veterans decreased to 5 percent, which is the same for both men and women. Overall unemployment for all Veterans over 18 years old is at 4.3 percent (4.1 percent for men, and 5.9 percent for women). Overall unemployment stands at 5.1 percent. The only segment where veteran unemployment is worse than general population unemployment is women veterans (5.9 percent vs 5 percent). The improvement in veteran unemployment suggests veteran hiring programs implemented by companies such as Prudential are having a real impact helping service members transition to civilian employment. Throughout its long history, Prudential has had a deep appreciation for the service and sacrifices of veterans. In 2010, the company established The Office of Veterans Initiatives to help prepare military service members and their spouses for meaningful careers. Headed by Chuck Sevola, a former communications officer in the U.S. Army and staffed by veterans, Veterans Initiatives works to strengthen relationships with corporations, nonprofit organizations and government agencies so they can collectively provide educational and employment opportunities to veterans and their families. "Veterans bring significant value to the workforce, including practiced leadership skills, discipline, the ability to perform in stressful situations, and a solid work ethic," says Sevola. "We recognize the sacrifices made every day by these men and women and believe their experience and leadership can only make our company stronger." Veterans Initiatives established VETalent, a partnership between Prudential and Workforce Opportunity Services, a nonprofit organization that helps companies build strong talent Helping Veterans Earn Training for Full-time Civilian Careers The improvement in veteran unemployment suggests veteran hiring programs implemented by companies such as Prudential are having a real impact helping service members transition to civilian employment.

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