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a blog from your Wealth Management Advisors at Kirtland Financial Services.

The Surprising Benefits of Hiring Veterans

By Kirtland Financial Services

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There are many benefits to hiring military veterans—well beyond the skills and experience they gained during their service. Here are some benefits and advantages a business may realize by hiring veterans.

Leadership Skills

Many veterans have experience leading teams, making critical and time-sensitive decisions, and solving complicated problems. These leadership skills translate into many other useful contexts, from retail management to project management and everything in between. Another common characteristic among veterans is their ability to motivate others to work toward a common goal.

Strong Work Ethic

The military has a strict “no slackers allowed” rule, and while veterans may relax a bit once they’re no longer in uniform, they share a strong work ethic and desire to succeed. They’re used to high-pressure environments with firm deadlines and want to tackle just about anything you might throw their way.

Resilience and Adaptability

A key part of military training involves adapting to diverse environments—after all, you never know when or where the next war might occur. This adaptability came in handy during the pandemic when many businesses were forced to make daily decisions on risk management, infectious disease protocol, and cybersecurity in an increasingly online environment. Veterans bring a level of resilience to their workplace that lets them effectively handle stress.

Teamwork and Collaboration

Veterans are used to working closely with diverse teams and respecting different perspectives, so they often thrive in collaborative work environments. Many have honed their communication skills in these environments, giving them the ability to cut through the “noise” and get to the root of an issue or problem.

Technical Skills

Depending on their military occupational specialty, veterans may have specialized skills in areas like cybersecurity, logistics, engineering, or healthcare. This may be valuable to employers who are looking for subject matter pros who thrive in fast-paced, collaborative environments.

By that same token, veterans with security clearances might be a great asset for employers requiring security-sensitive roles. Many veterans gravitate toward working with government agencies, defense contractors, cybersecurity, and intelligence providers.

Tax Incentives and Benefits

Businesses that hire veterans may be eligible for several tax incentives. One of the most significant benefits is the Work Opportunity Tax Credit (WOTC)1, which gives direct tax credits to businesses that hire individuals in one of ten protected groups, including veterans. These tax credits allow businesses to offer competitive salaries without harming the bottom line.

Overall, veterans bring a lot to the table and may add quality team-building potential to any work environment. When looking for new hires, it may be an effective strategy to hunt for veterans who could have the qualifications needed to fill positions in any organization. Certainly, hiring highly skilled veterans is worth considering, when the job tasks learned during military service might apply to some skilled efforts in related private industries. Hiring a vet is a terrific way to thank them for their service to the country.

1 WOTC Fact Sheet 2024
https://www.dol.gov/sites/dolgov/files/ETA/wotc/pdfs/WOTC-Fact-Sheet-2024.pdf

Content in this material is for educational and general information only and not intended to provide specific advice or recommendations for any individual.

This article was prepared by WriterAccess.

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