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Talent and HR News Weekly Update: Veterans

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Talent and HR News Weekly Update: Veterans

In honor of Veteran's Day in the US, we're focusing this week's Talent and HR News Weekly Update on veterans and jobs. Here are some recent articles about the two topics as they relate to each other. And don't miss Susan's post on our own blog this week about veterans. Happy weekend!

1) Obama’s Veterans Day message focuses on jobs from Washington Post

"President Obama focused his Veterans Day remarks on the growing ranks of former troops who have served in Iraq and Afghanistan and are now searching for new ways to serve their country at home. “We’re in the midst of a new wave of American veterans,” said Obama, referring to a generation of men and women who have weathered the longest stretch of war in U.S. history. Those veterans have struggled in recent years to get care from an overwhelmed Department of Veterans Affairs. They’ve faced a higher unemployment rate than their civilian peers and an increase in suicides."

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Talent and HR News Weekly Roundup: Best Practices in Veteran Recruiting

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Talent and HR News Weekly Roundup: Best Practices in Veteran Recruiting

Serving in the military is incredibly honorable. Service members learn so many useful skills and have the ability to perform well under intense pressure. Transitioning to civilian life can be an adjustment though. Veterans may have picked up desirable skills along the way, but it's not always easy to understand how to transfer them to a "normal" job. This week's talent and HR news weekly roundup features best practices in veteran recruiting - organizations and industries who are focused on recruiting veterans and ensuring their success in the civilian world.  

1) 25 Most Influential Companies for Veteran Hiring from Profiles in Diversity Journal

"Some of the most influential corporations in America today have helped to create transformational programs in the business community that are impacting lives and bringing together communities in support of our service members and their families. These organizations have a deeply rooted commitment to supporting like-minded organizations in their efforts to help veterans make the transition to a civilian workforce. Their efforts have helped to promote promising new approaches, create innovative tools and garner support for best practices more quickly, so that the entire business community can benefit."

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Why You Should Care About the Jobs Report

Another day, another jobs report.  That's what it may feel like.  In talent acquisition, we spend so much time thinking about  jobs to fill and plans for our own organizations, that we don't often pay much attention to the larger picture. Sure, we listen to the jobs reports, we grimace when the numbers aren't what we think they should be, and we move on.  What can you do? For starters, you can care.Here at ERE Expo this week, Linda Brenner,  moderated a session with Morningstar analysts Robert Johnson and Vishnu Lekraj. It was just as much an economics lesson as it was a wake-up call. We need to care. We need to pay attention. And we need to understand what's going on beyond the basic 8.1% August unemployment rate (today's BLS data). First, a few key data points and lessons from Robert:

You've probably heard that we've lost eight million jobs in the recession. But dig deeper. The reality is that 50% of that is housing related. Two million jobs were lost in construction and two million in mortgage/real estate related roles. Think about that---specific industry sectors responsible for half of the loss.

Further, we tend to assume that global markets have an exponential impact on our economy. Greece, France, Spain, China...argh! Their struggles become ours.  Not necessarily true. Consumer spending actually accounts  for 70% of the U.S. economy--the most important factor in our growth. And that's because consumer spending acceleration grows industrial production which expands employment and results in increased capital spending.

Bored yet? Don't be. This stuff matters. Take note of the point made by audience member and industry thought leader Eric Winegardner during this session: Sure, unemployment stands at over 8% but for those with Bachelors degrees, that drops to a surprising 4.1% (as of this morning).  The unemployment rate for veterans is down to 6.6%.

Interested yet? You should be.  You should be beyond interested--and actually care.  Here's what to do next with the numbers that are out this morning.

1) Watch the numbers and do something with them.

We typically read an article or two about the jobs report, grimace and move on.  This time around, do something more. Don't just move on. Pay attention to the news stories and let them pique your interest.

2) Read the report

The best way to pay attention? Read the actual report. Really dig in. Ask questions. Share it with your team, or divide it up to read and review. Then have a conversation about it. What does it mean for you and your business? What data points matter more based on your employee population and hiring forecast.

3) Dig for additional data to help you shape your plans

The jobs report should get you fired up to look for more data--other trends that will help shape your 2013 plans. One particular one I like is the report from the National Chamber Federation that looks at the specific priorities, policies and programs of the 50 states and Puerto Rico."   As reported in its June Jobs Summit, 2012, the top-10 performing talent pipeline states in 2012 are FL, MA, SD, VA, NY, MD, CO, ND and CT.  The top talent pipeline states are determined using six measures:

  • Higher education degree production
  • State spending per degree awarded
  • Total student cost at a four-year research institution as a share of state disposable income
  • Share of residents age 25 to 44 with at least a two-year degree
  • Share of high school seniors taking Advanced Placement Courses
  • Attainment of goals for placing adults in open jobs by the state workforce development system

The BLS also offers geographic data breakdowns too. This is powerful data that can help you convince your leaders to hire more virtual workers or rethink geographic distribution.

 4) Look at other economic trends

Consumer spending is an important one.  Consumer income growth was stagnant after an increase in July. So what do we look for moving forward? First, take note of the BEA's consumer spending data reported quarterly. Then look for sector growth.  Retail sales, both back-to-school and the holiday season are great indicators of growth, as are auto sales and housing starts.  Sales of autos have rebounded which according to Morningstar's Johnson, was one of the reasons we had a recovery at all.

5) Try not to get political

Regardless of your political preferences, this isn't a time to grab your soapbox. It's time to be an HR professional.  And that means it's your unbiased job to read, understand and care about the data. And as hard as it is, separate that from your political views for a moment.

Now what? Go beyond this morning's news. Don't just rely on a broad number, dig in and see what it means to you.  Start with reading the news release paying attention to the numbers related to your industry. Then take a look at the charts starting with age and gender. You'll be surprised at how much you might begin to care.

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