veterans talent index - monster.com
DESCRIPTION
Thousand of employers across the country want to hire military veteran talent but they don’t have visibility into where those veterans are and how to best apply their skills to their talent needs. At the same time, transitioning military service members and veteran job seekers are looking for visibility into where the jobs are so that they can apply and better position themselves for those jobs. To address this, Monster.com®, the worldwide leader in connecting people to job opportunities and the flagship brand of Monster Worldwide, Inc. (NYSE: MWW), unveiled the first-ever Veterans Talent Index (VTI), an innovative new tool to help connect veterans and employers more effectively, using bi-annual data to provide a regular snapshot of the veteran hiring landscape. This new Index from Monster comes at a critical time when there’s an influx of veterans entering the civilian workforce, providing a sizeable opportunity for employers. In addition to the Veterans Talent Index, Monster and Military.com (owned by Monster) share an ongoing commitment to veteran hiring needs, and already work with thousands of companies that recognize veterans’ unique talents and want to hire them. Through our online Military Skills Translator (developed by Military.com), for example, Monster helps veterans decode their military abilities into civilian equivalents and connect them to these employers.TRANSCRIPT
Veterans Talent Index
U.S. Job ConditionsInsights and Analysis from Veteran Professionals, Recruiters and Hiring Managers
November 2012
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
Spokespeople
Jeff QuinnVice President, Global
Monster Insights for Monster Worldwide
Rear Adm. T. McCreary, US Navy (retired)
President, Military.com and Vice President for Monster
Worldwide
Steve CookerExecutive Vice President
Global GovernmentSolutions,
Monster Worldwide
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
Why Monster . . .
MonsterMonster
Government Solutions
Military.com
Worldwide leader in connecting people to job
opportunities
Focused exclusively on the
workforce needsof the public sector
Preeminent member organization for active duty military, veterans,
and spouses
We recognized that going beyond basic veterans unemployment statistics would facilitate change...
…and we knew we could
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
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Why Now . . .
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Source: Bureau of Labor Statistics, www.bls.gov, October 2012
Veterans, Gulf War-era II vet-
erans
Civilians Veterans 18-24 Civilians 18-24
11.5 9.4
18.916.4
12.18.7
30.2
16.1
2010 2011
Annual Unemployment Rates for Civilians and Gulf War-era II Veterans
Over 18 Years Male Female
7.9 7.8 8.06.7 6.4
9.99.9 9.4
12.9
Non-Veterans Veterans Gulf War-era II
Q3 2012 Unemployment Rates for Males and Females
Key Points
Gulf War Era II veterans are on the rise, roughly up 9% per year
18-24 veterans are struggling to find employment (2011, 30.2%)
Unemployment rates for Gulf War Era II veterans (Q3, 9.9%) remain higher than Non-veterans (Q3, 7.9%)
Female Gulf War Era II veterans (Q3, 12.9%) are seeing the most obstacles in the labor market
Male Gulf War Era II veterans (Q3, 9.4%) are also seeing a higher unemployment rate than non-veteran males (Q3, 7.8%)
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
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Veterans Talent Indices (VTI) | Introduction
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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
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
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Veterans Talent Indices (VTI) | Introduction
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Veteran Career Confidence
Index
Employer Veteran HiringIndex
Veteran Job
Search Activity
Index
Monitors veterans’ confidence in finding jobs and skills acquired
during and after service
Monitors transitioning veterans’ job search
activity and resources
Monitors how employers who have hired multiple veterans in the past year
compare their work performance to non-veteran employees
Key Findings
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
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
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
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
Key Findings | Employers
VeteransCareer Confidence
Index
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
Nov-11 May-12 Nov-12
5654
50
Veterans Career Confidence Index
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Career Confidence | Index Drops Again
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Source: Monster Veteran Career Confidence Index
Index Scale 0-100
Down11%YoY
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
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Career Transition | Veterans Are Not Prepared
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65% said they felt
challenged finding a job that matches what they want in terms of salary and location
Source: Monster Veteran Career Confidence Index
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%)
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Prepared Veterans | Lack Confidence
15%
30%
85%
70%
Confident Not Confident
43% veterans who felt ready to transition
57% veterans who felt not ready to transition
Veterans who felt READY TO TRANSITION are more CONFIDENT about finding a job, although there is significant room for improvement
VeteransJob Search Activity
Index
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
Nov-11 May-12 Nov-12
74 77 80
Veterans Job Search Activity Index
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Job Search Activity | On the Rise
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Source: Monster Veteran Job Search Activity Index
Up8%YoY
Index Scale 0-100
Employer Veterans Hiring Index
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
Nov-11 May-12 Nov-12
7471 72
Employer Veterans Hiring Index
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Veteran Hiring | Remains Strong Focus
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Source: Monster Veteran Job Search Activity Index
Down3% YoY
Index Scale 0-100
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
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
“Connecting the Dots” a.k.a.
Making a Difference
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Making a Difference| Improve Skills Translation
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What veterans are searching for on Monster.com
1. Security Officer
2. Customer Service Representative
3. Manager (General)
4. Administrative Assistant
5. Sales Representative
6. Assistant Manager (General)
7. Supervisor (General)
8. Electronics Technician
9. Manager (Security)
10. Industrial Maintenance Mechanic
Occupations with the most opportunity (postings on monster.com)
18% of veterans would return to work in government / defense sectors
1. Accounting / Finance / Insurance
2. IT/Software Development
3. Sales/Retail/Business Development
4. Marketing/Product
5. Medical/Health
6. Engineering
7. Business/Strategic Management
8. Logistics/Transportation
9. Biotech/R&D/Science
10. Legal
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
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Importance of Applying Military Skills to Business Use
15%
4%
15%
35%
19%
35%
50%
77%
50%
Disagree Neutral Agree
Veterans are prepared for a career transition
Military skills are relevant to civilian careers
Those with prior military experience should be given preferential job opportunities
Recommendations from Employers
39%
42%
70%Translation of military skills to corp. job skills
More details on resume
Better communication of skills during interview
70% of employers recommend veterans spend the time translating military skills to corporate job skills
Making a Difference | Transitioning Programs
How we communicate can make a huge difference
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
Making a Difference | Connecting Veterans to Jobs
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Get recommendations while in the military
Ask a veteran about his/her evaluationsPREPARE
Use all available resources in your job search
Provide feedback during or after your interviewUSE RESOURCES
Ask for helpBe proactive…Build a military-friendly imageNETWORK
Understand your skills Understand their skillsIDENTIFY SKILLS
Invest time and energy into your search
Write specific job postings to attract the most relevant candidatesSET EXPECTATIONS
Educate yourselfTake the time to educate yourself on your veteran candidatesEDUCATE
Employers say veterans should:
Veterans say employers should:
VTI | Q&A
Copyright © 2012 by Monster, Worldwide 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, Worldwide Inc.
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 GugliottaSenior Public Relations Manager, Monster [email protected]
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