Revised Veterans’ Hiring Benchmark for Government Contractors
The Office of Federal Contract Compliance Programs has announced an updated hiring benchmark for veterans of 6.7%, based on recently-released data from the Bureau of Labor Statistics.
Under revised Vietnam Era Veterans’ Readjustment Assistance Act regulations effective in March 2014, covered government (sub)contractors must set a veterans hiring benchmark for each of their establishments, either by using the OFCCP’s benchmark as set forth in its VEVRAA Benchmark Database, or by developing their own individualized benchmarks. The current 6.7% figure represents a slight decrease from the previous year’s 6.9% benchmark. The annual benchmark will be updated again in Spring 2018.