April 16, 2018 | By NACE Staff
TAGS: veterans, nace insights, OFCCP
Spotlight for Recruiting Professionals
The Office of Federal Contract Compliance Programs (OFCCP) recently announced that the new veteran hiring benchmark is 6.4 percent, which is a decrease from the 6.7 percent it had been since March 31, 2017. The new benchmark went into effect on March 31, 2018.
The benchmark is calculated using the annual national percentage of veterans in the civilian labor force.
This most recent decrease continues a trend that has seen the veteran hiring benchmark slide each year since it was implemented in 2014. That year, the benchmark was 7.2 percent.
Since 2014, contractors required by the Vietnam Era Veterans’ Readjustment Assistance Act (VEVRAA) to develop a written affirmative action program were also required to establish a hiring benchmark for protected veterans each year or adopt the national benchmark set by the OFCCP.
Click here for more information about the VEVRAA benchmarks.