CHESTER, Pa.--(BUSINESS WIRE)--Power Home Remodeling, the nation's second largest exterior home remodeler, in conjunction with OurVetSuccess, today released the results of its first annual Civilian Workforce Survey of Millennial Military Veterans. The survey examined several topics military veterans consider as they transition from a military career into a long-term civilian career and delved into the factors that influence how they evaluate civilian jobs and employers.
The results indicate that most millennial military veterans continue to seek a sense of purpose and fulfillment in their work and want to continue being a leader after their service has ended. They also believe it is important for businesses to exhibit high levels of fairness, respect, trust and reliability for long-term success.
When asked what the most important factor they considered when initially searching for their civilian career, millennial military veterans prioritized:
- good work/life balance (39%),
- opportunities to progress/be a leader (24%) and
- sense of meaning for their work (12%).
While these factors closely mirror the top priorities reported by the average millennial, millennial veterans feel much more strongly about them. As compared to workforce surveys of all millennials, millennial veterans are twice as likely to select these criteria versus the average millennial who in a 2016 survey by Deloitte selected as their top priority:
- good work/life balance (17%),
- opportunities to progress/be a leader (13%), and
- sense of meaning for their work (9%).
In fact, these choices were so dominant among millennial veterans, that of thirteen factors given, they were selected as the top priority by 75% of the respondents as compared to just 38% of the average millennial respondent.
Other highlights from the survey, which collected responses from veterans born in or between the years 1981 and 1997, include:
- Only 19% of respondents wanted to pursue a career that was like the work they did in the military while 53% were interested in or willing to consider civilian careers unlike their roles in the military
- 76% of respondents reported feeling some level of preparedness entering the civilian job market with 46% reporting feeling well or very well prepared to enter the civilian job market
- 44% of respondents took advantage of military-sponsored programs designated to assist the transition process with 61% of those reporting that these programs were supportive in transitioning to their civilian career
- 80% of respondents claimed opinions of fellow veterans, whether positive or negative, effected their opinion of job opportunities.
- 69% of respondents believe their military experience positively effects the interest civilian employers have in considering them for a position
Power Home Remodeling conducted the survey as part of the Power Veterans Initiative, a unique program dedicated to their hiring and retention of military veterans. The program has been successful in part because of Power's commitment to providing ample professional development opportunities and leadership training.
“These survey findings confirm that our core corporate values of integrity, grit, optimism, innovation, tenacity and sense of purpose align well with those of young military veterans,” observed Asher Raphael, Co-Chief Executive Officer of Power Home Remodeling. “Beyond that, the Power Veterans Initiative is designed to identify and promote leaders with a team-first mentality and a commitment to a shared mission. We have seen that approach be mutually beneficial to our business and our veteran employees transitioning to civilian life.”
Nearly 60% of millennial veterans believe that the most significant challenges facing veterans today is transitioning to civilian life and finding civilian employment. OurVetSuccess, an organization devoted to revealing positive and inspirational stories about military veterans, was selected by Power Home Remodeling Group to assist in the development and execution of the Power Veterans Initiative and this survey.
“OurVetSuccess is dedicated to building a bridge by rebranding America’s perception of veterans. Our organization’s leaders—veterans who have served in war time and non-veteran professionals with deep experience in the media—know that positive public awareness of veteran leadership in civilian life will enable faster solutions for those in need,” said Mary L. Hagy, Co-Founder and CEO of OurVetSuccess. “Companies like Power Home Remodeling, who are offering authentic opportunities for veterans looking to transition into long-lasting and rewarding civilian careers, understand the valuable assets that veterans are to companies worldwide.”
Location of their civilian career is also important to millennial veterans with 82% of respondents reporting it is somewhat or very important. 39% of respondents identified job availability as the leading factor followed by their own hometown (31%), and an area with an affordable cost of living (28%).
“As a veteran who has made a successful transition from the Marine Corps into my professional family here at Power, I personally identify with the findings of this research,” said Michael Hansen, Director of Veteran Affairs for Power Home Remodeling and a United States Marine Corps veteran. “When I left the Marine Corps, I was looking for a career that would allow me to continue the opportunity to progress as a leader and mentor to others. The work we’re doing through the Power Veterans Initiative to raise awareness and provide opportunities for veterans across the nation allows me to continue to serve others in a truly meaningful way.”
OurVetSuccess® is dedicated to increasing positive public awareness of successful military veterans. By working together with businesses and leveraging the media to share success stories, OurVetSuccess is changing the public perception of the US veteran population to one of not only honor, but also leadership and success.
About Power Home Remodeling
Established in 1992, Power Home Remodeling is the nation's second largest exterior home remodeler with more than 1,800 employees, 275,000 customers and forecasting $420 million in revenue by the end of 2016. Headquartered in Chester, Pa., Power provides energy-saving and environmentally friendly remodeling solutions to residents across its operating territories, including Connecticut, Delaware, Georgia, Indiana, Illinois, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Texas, Rhode Island and Virginia. A seven–time Inc. 5000 company nationally recognized for its unique workplace culture, Power was recently named the No. 1 Best Place to Work for Millennials and for Camaraderie by Fortune, one of the 100 Best Companies to Work For by Fortune, and No. 15 out of 50 Best Places to Work by Glassdoor. Power is also recognized as a Master Elite contractor by GAF, Inc., a Green Product Award winner by Door & Window Manufacturer Magazine and a home improvement leader by its two-time "Dealer of the Year" award from Window and Door Magazine.
For more information, please visit PowerHRG.com/PVI, PowerHRG.com or WorkatPower.com. You can also follow the company on Twitter @PowerHRG, Facebook at facebook.com/PowerHRG and Instagram at @PowerHRG.