Vets Join Tough Job Market
As the U.S. pulls troops out of Iraq, some companies say they are looking to add a few former soldiers to their ranks.
Dyron Snipe, with daughter Seidron, says his expectation of deployment could hinder his job prospects.
That may be easier said than done.
Following President Barack Obama's October troop withdrawal announcement, tens of thousands of service members are expected to leave Iraq by Dec. 31. Those who don't re-enlist, join the reserves or ride out a contract will re-enter civilian life and for most, that means getting a job.
But only about half of veterans felt they were prepared to assimilate into civilian life and look for work, according to an October survey by Monster Worldwide Inc. And nearly one in five recently returned veterans from Iraq and Afghanistan screen positive for post-traumatic stress disorder, according a 2008 study by RAND Corp., a nonprofit research institute.
Yet veterans and service members are known to have skills that managers consider essential to the workplace. Some of those skills include attention to detail, self-discipline, problem-solving, decision-making in stressful situations and ability to work in a team, say human-resources experts.
More than 60% of employers feel motivated to hire veterans based on their qualifications and prior work experience and a full 98% of employers that had hired a veteran would hire one again, according to an October Monster survey.
MF Global Trustee Says Shortfall Could Exceed $1.2 Billion
The court-appointed trustee overseeing the liquidation of MF Global’s brokerage now estimates that the shortfall in the firm’s customer funds could be more than $1.2 billion, double previous estimates.
Regulators currently suspect that MF Global improperly used customer money for its own purposes in the days before filing for Chapter 11 protection, according to people briefed on the matter.
The decision to release the updated figure on Monday came after authorities concluded that much of the customer money had left the firm, these people said.