Labor Department takes data-driven approach to veteran hiring
Contractors will have to start collecting annual data on their veteran hiring practices in 2015, according to an updated Labor Department regulation.
The rule, released last fall, is a significant modification to a 1974 rule related to the hiring of veterans after the Vietnam War and an example of the government’s push to use data to study industry trends.
The new rule requires companies that hold government contracts worth $100,000 or more to submit annual reports about veterans in their workforce, with the first report due between August 1 and September 30 this year. The department will assess whether contractors are compliant with the new ruling or at least have a plan in place to increase their veteran hiring initiatives, and could use yearly data to spot patterns in veteran employment.