Some time back, we did a blog post on our CapitalPlus website where we talk about hiring the right people and how important it is to the overall success of your business. Building on the information in that post, we want to call your attention to a great source of good people to consider hiring, regardless of what business you’re in…our military veterans.
Hire Vets Act
In 2017, the HIRE Vets Act (Honoring Investments in Recruiting and Employing American Military Veterans) was signed by President Trump. The act required the Secretary of Labor to establish a program to recognize the efforts made by employers to recruit, hire and retain military veterans as employees.
To encourage participation in the practice of hiring our vets, an award program for qualifying employers was created. Certain criteria must be met before a company can qualify to participate in the “HIRE Vets Medallion Award” program.
There are two different award levels of the medallions, Platinum and Gold. Awards are also given based on the size of the company. The size levels consist of large companies, with 500 or more employees, medium size, with 51-499 employees, and small businesses with less than 50 employees.
How Your Business Benefits
In addition to the work ethic of veterans, your business could also receive recognition as an employer who hires and retains veterans. Any efforts made on the part of your business to create and develop veteran specific benefits and other programs designed to increase retention will also receive recognition in the form of the HIRE Vets Medallion Award.
If selected, your company will receive a certificate and a digital image of the medallion to use in your marketing. This makes it clear to all that you’re a veteran friendly business. That fact, in and of itself, could attract additional business to your company.
Time is Running Out to Apply for the HIRE Vets Medallion Award Program
Right now there’s still time to apply for the HIRE Vets Medallion Program, but the deadline for applications is April 30, 2019. Whatever the size of your business, you don’t want to miss out on an opportunity like this…to be recognized by the federal government as a veteran-friendly business and employer.
For more details about how to apply and what it takes to become eligible for the HIRE Vets Medallion Program, visit their site at HIREVets.gov.Back to blog