Veteran Talent Index

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Veteran Talent IndexU.S. Job ConditionsInsights and Analysis from VeteranProfessionals, Recruiters and Hiring ManagersMay 2012Presented by Susan FallonVice President, Global Strategy and BusinessDevelopment, Monster Government Solutions

Why Monster, Why NowFor over 10 years, Monster has provided human capitalinformation, research and data tools for strategicworkforce decisionsMonster Government Solutions – focused on the needs ofgovernment and educationMilitary.com – Largest military-affinity community, with10million active duty, guard, reservists, Veterans andmilitary family membersRecognized need to go beyond basic unemploymentstatistics to enhance dialogue and accelerate actionCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.

Veteran Talent Indices (VTI) IntroductionMonster is dedicated to helping employers hire the dedicated men and women who served ourcountry and to helping our nation’s veterans find civilian positions that utilize their experiencesand skillsVeterans represent an elite and diverse talentpool available for hireMost possess transferrable skills, professionaldiscipline and positive attributes identifiable intoday’s evolving workforceEmployers can leverage the U.S. Military’s 140billion per year spent on education and trainingand tap into the 200,000 service members thattransition to the civilian workforce each year1“According to T McCreary, president of Military.com, “Veterans oftenhave a hard time translating their own skills and shifting their mindsetout of military culture and into civilian culture when talking to a hiringmanager. For example, a big part of military culture is the concept ofteamwork – so veterans often have a hard time taking full credit for theiraccomplishments when in an interview. It’s switching from the ‘weaccomplished this project’ to the ‘I accomplished this project’ mindset,which isn’t second-nature to veterans when speaking about theirexperience in the service. This is something we’ve heard from employerspretty often – that veterans who want to make that transition into acivilian job, need to learn how to compete in, and acclimate to, theenvironment they’re transitioning into.”Source: Department of Veteran Affairs, US GovernmentSpending.com; U.S. Dept of LaborCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.4

VTI Veteran PopulationAccording to the Bureau of Labor Statistics (BLS), veteran population is decliningThe National Center for Veterans Analysis and Statistics predicts the veteran population will continueto decline to less than 15 million by 2035BUT, Gulf War Era II veterans on the rise Though the overall veteran population is declining, the number of Gulf War Era II veterans, defined by the BLS as the nearly 2.7 million whoserved September 2001 to the present, is increasing by an average 10% a year. Currently, 11 percent (or about one in ten veterans) haveserved on active duty sometime since September 2011 (Gulf War Era II). The median age of these veterans ranges from 25 to 34 years.Source: Bureau of Labor Statistics, www.bls.gov, April 2012Copyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.5

VTI Unemployment RateOver the past three years, the veteran unemployment rate has been below the national rate In April 2012, the national unemployment rate was 8.1% the veteran unemployment rate was 7.1%; both are downfrom April 2011 rates, 9% and 7.7%, respectivelyThough higher than the unemployment rate of all other veterans, Gulf War Era II veteranshave also decreased from 10.9% in April 2011 to 9.2% in April 2012Veterans Ages 18-24 and women are faced with significantly higher unemployment rates The highest level of unemployment for veterans aged 18 to 24 in 2011, with a soaring 30.2% rateUnemployment rates for females have shown a dramatic rise from 6.9% in April 2011 to 9.9% in April 2012 ( 3%) asnon-veteran female rates drop ( -0.3%) over the same periodSource: Bureau of Labor Statistics, www.bls.gov, April 2012Copyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.6

VTI About the IndicesThe focus of indices will be those who find themselves transitioning out of military lifeThey are a broad group of service members, Veterans, National Guard, and Active and InactiveReserve members, all of whom have either been out of the military for less than five (5) yearsor plan to leave the military in the next year. In this report, they are referred to as Veterans.Veteran CareerConfidenceIndex This Index monitorsVeterans’ confidence tofind a job combined withthe level of skills theyacquired during and afterthe militaryVeteran JobSearch ActivityIndexEmployerVeteran HiringIndex This Index monitorstransitioning Veterans’job search activity andthe resources they use This Index monitorsemployer willingness torecruit and retain VeteranTalent as well as theperception of veterantalent performanceSource: Department of Veteran Affairs, US GovernmentSpending.com; U.S. Dept of LaborCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.7

Key Findings—May 2012Job search activity is upConfidence is down Veterans less confident in finding employment Employers are less confident that veterans are prepared fortransitionMain driver - communications gapCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.

“ ‘I yam what I yam an’ that’s all I yam!’What the heck kind of résumé is that?Copyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.

VTI Veteran Sentiments64%respondents feel challengedfinding a job that matches what theywant in terms of salary and locationOnly47%(down from 53% inNovember) of surveyed veterans agreedthat they were prepared for their careertransition out of the militarySource: Monster Veteran Career Confidence IndexCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.10

VTI Veteran Career Confidence IndexThe Veteran Career Confidence Index monitors veterans’ confidence to find a job combinedwith the level of skills they acquired during and after the militaryThe May 2012 Index is a moderate54on a scale of 0-1001. Veterans confidence in finding a job – only 29% of respondentsare confident about finding work that suits them, down from 44%in November 2011.2. Most important skills acquired by veterans during or after themilitary – the list of most important skills acquired during or after themilitary was consistent with the prior report and includes (in order ofimportance): attention to detail, teamwork, decision-making, selfdiscipline, problem solving, and calm under stress.3. Preparation for the transition out of the military – less than onehalf (47%) of respondents feel they are prepared for their careertransition out of the military, down from 52% in November 2011.4. Military skills are relevant to civilian careers – 75% ofrespondents are confident that the skills learned in the military willtranslate to civilian jobs.Source: Monster Veteran Career Confidence IndexCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.11

VTI Veteran Career Confidence Index by RegionCalculated for four regions across the nation, the Career Confidence Index reveals thatveterans face slightly different levels of confidence by geography.The Northeast region has a noticeably lower Career Confidence Index(49 compared to the U.S. Index of 54)Survey respondents reported having very little confidence in being able to find a job if theyreally needed one Over one-half of Northeast respondents (54%), compared to 41% nationally, said they were only“somewhat confident” that they could find a jobSource: Monster Veteran Career Confidence IndexCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.12

VTI Veteran Job Search Activity IndexThe Veteran Job Search Activity Index monitors transitioning veterans’ job searchactivity and the resources they useThe May 2012 Index is a77on a scale of 0-1001.Veterans likelihood to look for a job in the next12 months – up from 69% in the prior report, nearlythree-quarters (74%) of respondents are very orextremely likely to be looking for work within the year2.Most important job search resources used byveterans –over 80% of respondents agree thattheir personal networks, online job boards, onlinenetworking and in-person job fairs are the mostcommon and useful ways to job searchSource: Monster Veteran Job Search Activity IndexCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.13

VTI Job Search Activity Index by RegionSimilarly across regions of the nation, the Job Search Activity Index showsdifferences in veteran perceptionThis ratio parallels the Career Confidence Index in the South which reportedthe highest confidence (49) about acquiring a job after the militaryIn the South, 78% of veteran job seekers reported they were ‘extremely likely’ or ‘very likely’ to search for a job in the next 12 months Regional recruiters and employers should note this more determined job pool as an opportunity to gain new hires.Midwest and Northeast respondents are reporting lower indices based on a comparatively reduced use of military recruiters andonline networking/social networking to help them land opportunities In the Northeast, veterans are less likely to use virtual job fairs as well. These veterans would be well-served by an aggressivecommunication plan that outlines the tools and resources available to them that they may not have known existed.Source: Monster Veteran Job Search Activity IndexCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.14

VTI Relocating TalentWhile veterans and those leaving the military are located nationwide, not all have equalaccess to an abundance of job opportunitiesScores of veterans are used to periodic militarymoves and the veteran population as a group ismore willing to relocate Nearly three-quarters (71%) of surveyed veterans, up from68% in November 2011, said they would relocate for a job In the Midwest (63%) are the least likely to relocate andthey are also the least likely to look for a job in the nexttwelve months (74, Veteran Job Search Activity Index)Copyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.15

VTI Employer Veteran Hiring IndexThe Employer Veteran Hiring Index monitors employer willingness to recruit and retainveteran talent as well as the perception of veteran talent performanceThe May 2012 Index is a71on a scale of 0-1001. Employers Hiring Veteran Workers – up from 70% in the priorreport, an encouraging 74% of surveyed employers reported theyhad hired more than one veteran within the past year2. Comparison of Work Performance of Veterans to NonVeterans – nearly all surveyed (99%) who had hired a veteranfelt their work experience was about the same or much better thannon-veteran workers; 99% would recommend hiring a veteran3. Motivation to Hire Veterans – employer sentiments to hire aveteran were mixed. More respondents reported veterans werethe best candidate for the job, yet fewer saw a candidate’s workand military experience as primary drivers to hire, suggesting thetranslation of military careers to civilian jobs remains a factor4. Unique Set of Skills – down from 44% in November 2011, 32%of respondents reported veterans offer needed special skills andtalents compared to non-veterans5. Veterans Prepared for Career Transition – down from 77% inNovember 2011, 39% of employers agreed that Veterans wereprepared for career transition out of the military.Source: Monster Veteran Hiring IndexCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.16

VTI Characteristics of TalentA Need to Go Beyond Traditional MeasuresThe charts below present veteran job seeker characteristics in contrast withrequirements of all U.S. jobs posted on MonsterThis data clearly highlights the gaps that exist between veteran career,education and experience levels compared to U.S. employer requirements andwhere translation of military experience becomes more vitalCareer LevelEducation LevelWork Experience 5 Years ExperienceExecutive orAbove3%1%13%22%ManagerMid-LevelMasters orAboveBachelors69%47%Entry LevelAssociate/Some-College21%28%83%13%2%U.S. Job Postings10%Vet gh School20%Student 5 Years Experience5%4%30%20%3%9%U.S. Job Postings17%Job PostingRequirementsVet ResumesCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.17MilitaryExperienceCivilianExperience

VTI Bridging the Skills GapVeteran and Employer Job Titles DivergeTop 10 Veteran And Employer Job TitlesVeteran Job TitlesEmployer Job Titles1. Customer Service Representatives1. Accountants and Auditors2. Security Officer2. Computer Software Engineers, Applications3. Managers3. Computer Systems Analysts4. Administrative Assistants4. Financial Managers5. Sales Representatives5. Managers (General and Operations)6. Assistant Managers6. Computer Software Eng., Systems Software7. Supervisors7. Customer Service Representative8. Electronics Technicians8. Bookkeeping, Accounting, Auditing Clerks9. Industrial Maintenance Mechanics9. Registered Nurse10.Security/Fire Alarm System Installers10.Financial Analyst*The job titles in bold indicate those common to both listsCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.18

VTI Transitioning to Civilian EmploymentHow will Professions in the Military Translate to Civilian Employment?Veterans bring a wide range of skills and expertise into the mix of professionalsseeking employmentTransitioning veterans are seeking roles in dispersed fields with a key focus inmanagement, technology, operations, skilled trades, education and healthcareProfession in the MilitaryCombat and OperationsCurrent/Desired Occupation15%ManagementOps, Intel & Combat Supp12%IT/InternetLogistics & Supply12%OperationsMechanics11%12%8%7%Skilled Trades6%Admin Supp/Personnel10%Teaching/Training6%Computer & al/Admin4%Medical & Dental6%Human Resources4%Law Enforce & Emergency6%Exec. Management4%Maint/Construction5%Copyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.Engineering193%

VTI Transitioning Tips from EmployersVeterans offer a unique set of skills and can better prepare themselves for their transition incivilian life with a bit of due diligenceWhat can veterans do to better preparethemselves for a career transition?1. Tailor Resume and Interview Responses2. Translate Military Skills to Corporate Ones3. Remove Military Acronyms and Jargon4. Use Corporate Language to Showcase Accomplishments5. Emphasize Skills Employers WantCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.20

VTI Transitioning Tips for Employers1. Understand Basic Military Culture“A basic knowledge of the values, structure, policies and expectations of the military promotes a strongerworking relationship amongst employers & employees who are veterans or family members of veterans.”2. Use Military Language in Job DescriptionsThis is important if the job is specifically relevant to a candidate with a military background.3. Make Your Job Description SpecificThis will allow the veteran to understand how their skills and experience are applicable and transferable.4. Ask The Right Questions to VeteransAsk about military and civilian training as well as their experience and why they are qualified to do the job.Avoid asking directly about the type of discharge they received, whether they will be called up for duty orabout specific deployments (which could be construed as trying to determine if the veteran has any type ofmedical affliction - e.g., Post Traumatic Stress Disorder, etc.)5. Leverage Military.com’s MST and O*NET’s Military-Civilian CrosswalkUse this tool to find Military Occupational Classification Codes for the job you are looking to fill; considerusing these codes in your job description to help veterans understand the available job.6. Hire Veterans for the Right ReasonsDon’t hire a veteran because it is patriotic or for the tax break. They should be the right candidate for the job.Source: bullets (1-4) iringToolkit/; bullets (5-6) http://blog.seattlepi.com/militarywire/ 1 www.gotyour6.org/faq/Copyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.21

Additional ResourcesFor your VeteransCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.

Military.com Transition CenterTargeted military transition checklists,customized for the user’s situation(retiring, separating, reserve/guard).Milestone-based transition life cycleemails, sent at key dates prior to andafter the Veteran’s transition month.Emails contain key next steps as wellas important tips and vital links.Online resource center withinformation on topics such astransitioning healthcare/benefits,relocation, translating military skillsand resume writing.Copyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.23

Recruit, Retain and ReintegrateVeterans at VAwww.vaforvets.va.govPresidential initiative to increaseVeterans Employment acrossFederal Government“High Touch and High Tech”Program 24x7 Coaching Seeker and HR resources Virtual and Live Career Fairs Online Career Center Military Skills Translator Resume Builder Assessments Job Search Tools Career mapping with MyCareer@VA Veteran Resume Database Talent Dashboard and Analytics AppsCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.24

Copyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.

Copyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.

Veteran Career Center ardhats.orgwww.ohiomeansjobs.orgCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.

Veteran Career and Mentor NetworkCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.

Career Exposwww.military.com/career-expoMilitary.com partners with the NonCommissioned Officers Association to holdthe most powerful recruiting events fortransitioning personnel – average 45 per yearCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.29

Monster Military.com Virtual Career FairIn partnership with US Chamber Hiring Our HeroesNov 13-15, 2012www.veteransvirtualcareerfair.comInterview via live InstantChat and SkypeEmployers post anunlimited amount of jobvacanciesVA for Vets “Showroom”offers Veterans coachesand tools to translateskills and buildmeaningful resumes508 compliant forVeterans and Employerswith disabilitiesAccessible worldwideCopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.30

Q&ACopyright 2012 by Monster, Inc. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of Monster, Inc.

Nov 07, 2012 · recording or otherwise without the prior written permission of Monster, Inc. 13 VTI Veteran Job Search Activity Index The Veteran Job Search Activity Index monitors transitioning veterans’ job search activity and the resources they use Source: Monster Veteran Job Search Activit

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