10 Reasons Why Veterans are Good for the Bottom Line

Veteran’s Day is a time to pay tribute to the many thousands of men and women who are currently serving or have served in the armed forces. These veterans and their families have made countless sacrifices to protect and defend our country. 

It is also a day when we can highlight the American businesses that employ these men and women when they complete their tours of duty. Even so, the veteran unemployment rate remains far too high.  According to the Bureau of Labor Statistics (BLS), the unemployment rate for Gulf War-era II veterans stood at 10% in October. There is clearly more work to be done.

Yet I believe that there is reason for hope.  The unemployment rate among all veterans is headed in the right direction: down. 

Why is that? Simply put, veterans are good for the bottom line.  As this video from Minnesota’s Department of Employment and Economic Development shows, veterans are good for the bottom line:  

1.     An accelerated learning curve: Veterans start with a proven set of skills.

2.     Leadership: Veterans are trained to be goal-oriented leaders within a complex organization. 

3.     Teamwork: “Veterans understand how genuine teamwork grows out of a responsibility to one's colleagues.”

4.     Diversity and inclusion in action: Veterans have worked with a range of people from all manner of different backgrounds.

5.     Efficient performance under pressure: Veterans know how to do a lot with little.

6.     Respect for procedures: “Veterans have gained a unique perspective on the value of accountability.”

7.     Technology and globalization: Veterans tend to be more aware of broad, global trends.

8.     Integrity: Veterans have absorbed core values of honesty and trust. 

9.     Conscious of health and safety standards: “Veterans are aware of health and safety protocols both for themselves and the welfare of others.”

10.   Triumph over adversity: Veterans have at times dealt with extraordinarily demanding situations that necessitate flexibility and resilience.