Transitioning out of the military brings a slew of uncertainties: where will you go, what will your next job be, will you make enough money? A recent survey by Accenture of 1,000 employed and unemployed veterans reveals that veterans who perform the same or similar jobs in the civilian world make more money than they did in the military. That wasn’t the case for everyone, of course, but the trends are signs that although some veterans struggle, military service can provide a noticeable boost in employability and general success.
The key takeaways from the survey are:
- Fifty-three percent of employed veterans say their military background played a significant role in helping them land their job, with 33 percent saying it was the biggest single factor.
- Employed veterans who apply their military skills in the same civilian career field as their military service earn more money – 74 percent earn $50,000 or more annually compared to 43 percent of those who work in a different field.
- Among the unemployed respondents in the survey, 70 percent said they had served in Iraq or Afghanistan, compared to about 50 percent of the employed veterans and about a third (34 percent) said they have been looking for a job for more than a year.
- In some cases, unemployment is a hardship that impacts the whole family; more than a quarter (26 percent) of the married jobless veterans surveyed said they have an unemployed spouse.
Among the unemployed veterans who participated in the survey, 36% said that the number one thing getting in their way was figuring out how their military service translated to civilian job skills. The second most common impediment was not knowing where to start searching for jobs. Of all the unemployed veterans, many of them actually landed interviews but none were offered jobs.
About the Survey
Accenture conducted a quantitative survey of 1,000 U.S. veterans, who separated from the military within the past 15 years, ages 18 and older. The survey interviewed 600 currently employed and 400 currently unemployed veterans to assess their opinions and attitudes toward their transition from the military to the civilian workforce. The survey included veterans from the Army, Navy, Air Force, Marines, Coast Guard and the National Guard, and included a mix of officers and enlisted personnel. The survey was fielded by phone and online by Penn Schoen Berland in Oct. 2013.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 275,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com.