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Hiring Our Heroes

By / SDVOB / Comments Off on Hiring Our Heroes

CNBC attended last year’s “Hiring Our Heroes” Job Fair. Here’s what they had to say…….

 

A Fix for Jobless Vets? Make them Entrepreneurs

http://www.cnbc.com/id/102495881

 

“Military veterans are almost twice as likely as non-veterans to start their own business, but their unemployment rate stands at 6.7 percent as of February, and has been consistently higher than the national average, according to the Small Business Administration.”

Michael Zacchea, a retired Marine lieutenant colonel and director of the University of Connecticut’s Entrepreneurial Bootcamp for Veterans with Disabilities states: “This gap is a nut that’s hard to crack, but I actually truly believe that veteran-owned businesses are going to be the thing that heals our country in the next 15 years.”

The Entrepreneurial Bootcamp for Veterans with Disabilities program “trains veterans in the fundamentals of kick-starting a small business. Zacchea said that “even though some states receive monetary incentives from the federal government to hire veterans, those measures don’t guarantee long-term employment.”

Did you know…

“More than 43 percent of the respondents to a Veterans Job Retention Survey published in February 2014 managed to hold onto their first post-military job for only 12 months or less.”

AND…

 “Veterans are exempt from borrower fees for a loan value of up to $350,000. For a loan between $351,000 to $5 million, the agency promises to pay half of the borrower fee in case of default.”

Some businesses consider veterans to be risky hires because of post-traumatic stress disorder, physical disabilities or frequent absences for VA appointments. Zacchea said, “There is a general prejudice against veterans for risk,” he said. “I have been told by hiring managers that when given a choice, they want non-risky hires.”

Jared Baiman, head of communications at Sharp Decisions, a private technology firm that employs about 70 veterans, stated, “What we have found really is that PTSD can spiral when you don’t have much to look forward to.”