By Amy Collett
When your startup grows, you need to hire workers to help you keep up with customer demand. The people you choose to hire can make or break your company, and it can sometimes feel overwhelming when you're trying to find the perfect employees. Looking for people with years of experience in your industry is a good start, but you should also consider hiring veterans to grow your business. Put Veterans to Work outlines three reasons veterans often make the best employees.
Veterans Have a Set of Unique Skills
The U.S. Bureau of Labor Statistics suggests that the unemployment rate of U.S. veterans is 4.4%. While nearly half of all companies in America have employed a veteran, a significant number of people still cannot find jobs that fit their skill sets. These skills are not specific to any industry but apply to nearly any career.
Having a military background gives veterans excellent skills in teamwork and leadership. They also have confidence in their abilities to complete job assignments efficiently. They are well organized and listen well to directions, and veterans have a great work ethic that can take your business to the next level. Many veterans also have specialized coding and mechanics skills that make them ideal candidates for companies in specific industries.
Veterans Thrive in High-Stress Jobs
People who have served as active-duty military members are used to performing under pressure. They will complete the job in front of them regardless of how much stress there is. This skill is a tremendous asset in many careers, including:
• Police officer
• Project manager
• Security guard
• Construction worker
• Computer technician
Veterans have a lot to offer your business, but it's essential to understand how your company can help your employees build successful careers. Hiring people who have served in the military gives them an opportunity to redefine their definition of success. You also help them build careers that provide better work/life balance.
Think creatively as you go about hiring veterans. As one idea, you can use social media to let veterans know you're looking to hire. Instagram is a logical platform to get the message out – it has more than 1 billion active users each month, according to stats cited by Social Media Perth. You don't have to outsource this task to a digital media company. When you use this Instagram post maker, you can use a deep reservoir of professionally designed templates to customize your message and then quickly share it on the platform.
By clearly defining job expectations, you can create a company culture where veterans thrive. Give your employees space to perform assignments without micromanaging them but offer support when necessary. Cultivating a positive work culture suitable for veterans can improve your retention rates and reduce turnover.
Veterans Often Bring Tax Advantages to Their Employers
One of the first things you did when you started your company was to decide on a business structure. If you form a limited liability company, you are subject to liability protection and tax breaks. Forming an LLC differs in every state, so you must check with your municipality to ensure you meet the requirements.
However, you also qualify for tax breaks if you hire veterans. Hiring any veteran increases the number of tax credits your company is eligible to receive. Employing veterans who have been unemployed for at least six months offers additional tax credits, but the most significant benefits come from hiring veterans wounded in action. While these potential tax credits should not be the only reason you choose veterans to build your team, they are additional advantages that could help you finalize your decision.
Anyone who has ever had to deal with taxes knows that it can be complex and time-consuming. Fortunately, payroll services can help relieve some of the tax season's stress. By keeping accurate records of employee earnings and deductions, payroll services can help you correctly calculate your tax liability. In addition, many payroll services offer electronic filing options that make it easy to submit your tax return. Check out payroll software that offers tax penalty protection as well.
Trying to find the best employees to build your company can be stressful. When considering candidates, consider adding veterans to your team for the reasons above.