What is the business value of recruiting veteran workers? Read the blogs below to learn how your company can benefit from attracting and employing this highly skilled and sought-after population.
State benefits. Some of the most tangible benefits to hiring veteran workers are tax credits, offered by many states to encourage businesses to hire veterans. To find out if your state offers financial incentives for hiring veterans, speak with your tax advisor or contact your state’s department of revenue. State hiring incentives can save you thousands of dollars in taxes. Typical state tax credit programs will give you a credit equal to a certain percentage of your employee’s total wages paid, up to a maximum of $5,000 to $10,000.
The case for why hiring veterans and their spouses makes financial sense for your company:
Veterans have skills that lead to greater accomplishment. A comprehensive report by the Institute for Veterans and Military Families (IVMF) at Syracuse University said research has shown that high-performing companies understand the value of training and education in their workforce, and that common traits of these companies include individuals with problem-solving, collaborative and entrepreneurial skills—traits that veterans are trained to possess.