Recently, the OFCCP updated the annual national percentage of veterans on their website from 8% to 7.2%. The initial final regulatory text indicated a hiring benchmark of 8%; however, the new 7.2% veteran hiring benchmark should be used for affirmative action plans developed after the implementation of the new regulations for 2014. As a reminder, this benchmark will be updated for contractors on an annual basis. The OFCCP website should be checked to determine the most recent hiring benchmark posted by the OFCCP each year. There are two options for establishing a hiring benchmark:
1.) Adopt the National Percentage of Veterans in the Civilian Labor Force (currently 7.2%)
2.) Developing Individualized Hiring Benchmarks using a 5 factor model
By Joanna Colosimo, M.A., Senior Consultant, DCI Consulting Group