Fact Sheet: Presidential Memorandum Supporting Veterans’ Employment and Reemployment Across the Federal Workforce
President Obama has made helping veterans find civilian employment and reintegrate into our nation’s workforce and economy a top priority. In November 2011, the President signed into law the Returning Heroes Tax Credit, which provides businesses that hire unemployed veterans with a credit of up to $5,600 per veteran, and the Wounded Warriors Tax Credit, which offers businesses that hire veterans with service-connected disabilities a credit of up to $9,600 per veteran. The First Lady and Dr. Biden’s Joining Forces Initiative has helped 90,000 veterans and military spouses find jobs. And we have developed online tools to help connect veterans to employers
The federal government has led efforts to recruit and retain individuals who have served our country in the armed forces. In Executive Order 13518, the President established the Veterans Employment Initiative to bolster recruitment and retention of veterans in the federal workforce. This initiative has been extraordinarily successful, ushering in 200,000 new veteran hires and at least 25,000 new Reservists to the federal workforce. Veterans comprise more than one-fourth (27.3% in FY2011) of the federal workforce, the highest share in 15 years. Our service members, their families, and our country all benefit from veterans’ talents, experience, and dedication.
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