Overly delayed, but as promised, let’s start looking at the different profiles a high-potential U.S. Military Veteran will likely fall into. I like to give a broad breakdown of the Veteran Profiles that are most likely to be seeking to enter the non-military workforce. In doing so, there are four main groups. I have also described and made the case for one of the four groups in the recently released Hiring Manager Resources published on the New York Stock Exchange Website (I’ll link the work at the end of this article).
The four main groups of Non-Retiring Veterans are:
– Senior Military Officers (SMO)
– Junior Military Officers (JMO)
– Senior Military Enlisted (SME)
– Junior Military Enlisted (JME)
Many have heard of the JMO, as they have become a highly targeted candidate pool for both corporations and placement agencies alike. Where else can you find a pool of talent with post-degree work experience, and a resume of leadership and responsibility that often includes multi-million dollars in assets and organizational command often exceeds 300 people? The problem is, they only represent 7% of the military – and not all 7% exit the military. The amount of JMOs actually exiting the military is closer to 2% of the entire military assuming 67% of the military’s JMOs are retained after their first 4 years of service.
For the following summary and description of each group, I will be referencing my own work as published on the New York Stock Exchange website. Not every member of the military will perfectly fall into the following four groups. However, for organizations looking to hire Veterans, a clear understanding of the following groups will best prepare you to close the communication gap, and understand the majority of the Veteran population that are currently entering the workforce.
Four Main Categories of Non-Retiring Veterans
- SMO – Sr. Military Officers (Executive Group)
- 12+ years of service
- Often with Master’s credentials and positioned well for Executive and Fast-track leadership programs
- JMO – Jr. Military Officers (Professional Group)
- 4-8 years as a Commissioned Officer
- Highly sought after professional group for Junior and Mid-level Management roles in med-large companies
- SME – Sr. Military Enlisted (Skilled Group)
- 12+ years of service
- Various levels of education and degree progress
- Often are technical-skilled experts in their job field
- JME – Jr. Military Enlisted (Skilled Group – Early Growth Stage)
- 4-8 years of service
- Mostly hold a High School diploma upon exit, if not a GED.
- This group is further broken into two categories:
- JME pursuing/has a degree
- JME not pursuing a degree
You will notice that “JME pursuing/has a degree” is bolded. That is because it represents the most under-targeted group that I argue should be considered as equally positioned to JMOs when considered for entry-level and junior leadership roles requiring a degree. JME within our targeted service time of between 4-8 years of military service make up nearly 50% of the military per 2011 numbers! That is SEVEN times more than the JMOs. Additionally, with the onset of the Post-9/11 GI Bill, JMEs are pursuing college degrees at the highest rates seen in history.
This unique set of circumstance creates a large pool of candidates with 4-8 years of leadership training and experience that is unparalleled outside of the military. Of which many have now earned or are near completion of a degree with the most current curriculum in academia. Where else can you find a degree holding candidate, with a Quarter-Million-Dollar leadership education and looking to start their career at a salary under $60k/yr? No Ivy-league school can compete with that.
Stay tuned for next week, as I compare and contrast the great assets both Junior Military Officers and Junior Military Enlisted offer while also giving a more in-depth description of each group. If you can’t wait until then – feed your curiosity by visiting The Veteran Associate Program page on the New York Stock Exchange Website.
How to Create a Veteran Associate Program (Hiring and Program Guides for Managers and Veteran Profiles included along with an incredible study conducted by the Institute for Veterans and Military Families out of Syracuse University.