From an employer’s perspective, veterans offer a dedicated work ethic, who can work in teams or on their own to complete the task at hand. They offer the employability skills necessary to follow directions and lead a group.
Additionally, there are several financial incentives for employing this workforce as well:
- Tax credits – Under the new “Vow to Hire Heroes Act,” you can get a tax credit ranging from $2,400 to $9,600 for hiring an unemployed veteran. The amount of the tax credit is based on criteria such as the veteran’s length of unemployment and if there is a service-connected disability.
- Federal bonding insurance – When you hire a veteran with a barrier to employment, you can get free fidelity bond insurance coverage from $5,000 to $25,000 — with no deductible for up to a year.
- Registered apprenticeships – The US Department of Labor sponsors on-the-job and classroom training programs for vets. You can get up to $5,000 for hiring a veteran who’s participating in this training.
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