Prior to the onset of the COVID-19 pandemic, the U.S. unemployment rate was at a 50-year low. Competition for talent was intense, nowhere more so than in the technology sector. Even after the pandemic hit, more than half of businesses polled for the Harvey Nash/KPMG CIO Survey said they still faced a technology skills shortage. As the economy heats back up, employers will struggle to land the best-qualified workers. Military veterans are a valuable resource they should not overlook.
“More than 200,000 veterans enter civilian life each year, swelling the talent pool with candidates who’ve acquired core military skills, such as leadership and the ability to foster teamwork and put mission over self,” says Hari Kolam, CEO of Findem, which uses an AI-powered platform to help companies build better workforces. “Chances are veterans have picked up tech skills in any positions they held.”
The value that military veterans bring as employees comes as no surprise to companies such as Boeing, which has been tapping this resource for years. “Veterans are not only critical to Boeing’s success, but we also bring technical skills, diverse viewpoints, and unique experiences that make us valuable resources for other employers,” says U.S. Army veteran and West Point alum Jason Pak, director, Boeing Global Engagement.
GOOD MATCH FOR TECH JOBS
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THE NEW RULES OF BUSINESS TRAVEL
In the era of hybrid teams, everyone is a road warrior-not just sales teams and C-suite execs. It's part of why business travel spending is expected to finally reach, and perhaps surpass, pre-pandemic levels by the end of the year, according to Deloitte. But, as with everything, work trips are not what they were in 2019. From airlines to banks, companies are finding new ways to make business travel easier-and even a little fun.
INTELLIGENT IMPACT
BUSINESS LUMINARIES SHARE HOW AI CAN INTERSECT WITH SOCIAL MISSION.
REDDIT'S REVENGE
IN AN ERA OF AI UPHEAVAL. THE CACOPHONOUS SOCIAL HUB EMERGES AS THE HUMAN-DRIVEN INTERNET'S LAST GREAT HOPE.
SO MANY WAYS TO LOSE
In the Ozempic era, Weight-Watchers is remaking itself to be something for everyone meal-plan program and a tele-health prescription service. But have consumers already lost their appetite?
10/10 - THE 10 MOST INNOVATIVE PEOPLE OF THE LAST 10 YEARS
In honor of Fast Company's 10th Innovation Festival in September, we identified 10 industrious leaders whose groundbreaking efforts defined the past decade in business. We spoke to them about their extraordinary achievements in tech, medicine, entertainment, and more. And we explored how the impact of their work has withstood passing fads, various presidential administrations, a pandemic, and many, many quarterly reports.
The Mysterious Reappearance of the Reggie Bar
How a beloved 1970s candy got called back up to the major leagues.
Gabriella Khalil
Gabriella Khalil, creative director, answers our career questionnaire.
The Fast and the Furious
High prices at McDonald's, Taco Bell, and other chains are sparking consumer revolt.
Lost in Truncation
Lost in Truncation Generative AI was supposed to unleash our creativity. Instead, it became our cultural trash compactor. Welcome to the age of summarization.
Campus Radicals
Welcome to UATX, Austin's new well-funded and controversial anti-woke university.
