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McKinsey & Company says Hiring Veterans is Worth $15B


McKinsey & Company says Hiring Veterans is Worth $15B
McKinsey & Company says Hiring Veterans is Worth $15B

A recent extensive McKinsey analysis makes a compelling case for “tapping into veterans’ overlooked skills” to help address growing labor and skills gaps across the U.S. economy. With over 150,000 service members transitioning to civilian roles each year, veterans represent an underutilized pool of talent. However, many veterans, especially enlisted personnel lacking four-year degrees, struggle to find suitable jobs matching their existing capabilities.


By combining military occupational data with analyses on civilian labor needs, McKinsey estimates that improving employment outcomes for a single year’s cohort of nearly 91,000 transitioning enlisted veterans could add almost $15 billion to the U.S. economy over a ten-year period. Many develop valuable technical, leadership, problem-solving, and teamwork skills during service that map well to in-demand infrastructure, manufacturing, construction, and technical roles.


That is a big potential injection to the workforce when McKinsey & Company says hiring Veterans is Worth $15B. However, fully tapping into this veteran talent pool requires coordinated efforts across stakeholders. The military must better prepare transitioning service members, clearly communicate the applicability of their military-honed skills, and incentivize talent retention. Similarly, civilian employers must move beyond rigid experience matching to recognize veterans’ transferable skills. 


Here is where RemotelyMe’s visual neuroscience and cognitive AI-powered talent evalutions can play a pivotal role. By accurately evaluating critical thinking, collaboration, communication, and other soft skills, RemotelyMe removes bias and matches talent to suitable job roles. The platform also analyzes a veteran’s Military Occupational Specialties (MOS) and ratings to match them against job descriptions. Using advanced behavioral science and AI analytics to support transitioning and currently working veterans, as well as their family members, could drive substantial economic gains from infrastructure investment and address labor shortages.


Most importantly, a recent Deloitte study validates that high trust individuals can drive 400 percent more business performance, 88 percent more customer loyalty, and 79 percent more productivity. However, traditional text-based talent assessments—most invented many decades ago—can’t discern for trust. RemotelyMe’s visual neuroscience evaluation uniquely measures trust based on brain oxytocin indicators, and offers a learning and development coaching app to help individuals improve soft skills, trust scores, and leadership factors.


Even more exciting, RemotelyMe partners with two veteran’s non-profits and a veteran hiring platform to offer an attractive and affordable way to reach and recruit veterans. The Us4Warriors Foundation and U.S. Vets have a combined trusted audience of over 2 million veterans and family members. MilitaryHire.com is the leading veterans job board with almost 750,000 members. RemotelyMe offers a unique way to better attract these 2.75 million prospective candidates, evaluate their soft skills and trust factors to ensure a perfect fit, and instruct ChatGPT to create personalized messages that encourage applications.


The McKinsey analysis presents a compelling case for soft skills-based hiring programs that benefit veterans seeking purposeful civilian work, as well as public and private sector employers needing dedicated, mission-driven teams. With major infrastructure investments planned, even amid labor shortages, better aligning veteran talent supply and economic demand seems like a win-win.


Read more insights on tapping into veterans’ overlooked skills in the full McKinsey report (Click Here - https://rebrand.ly/LeverageVeteranSkills). The potential for tools like RemotelyMe highlights the broader imperative of evaluating and aligning talent to roles in a rapidly changing workplace.


To learn more about how RemotelyMe uses visual neuroscience and cognitive AI to match talent to job opportunities, visit our website www.RemotelyMe.com. Modern, science-based talent evaluations offer a more effective model for empowering soft skills-based labor mobility and workplace transitions.

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