The Department of Labor (DOL) announced it will establish the HIRE Vets Medallion Program to recognize employers who recruit, retain, and employ veterans, and who offer charitable services in support of the veteran community. The department is establishing the program under the Honoring Investments in Recruiting and Employing American Military Veterans Act, or HIRE Vets Act. President Donald J. Trump signed the act into law on May 5.
“Veterans give an incredible gift to this country, and that giving doesn’t stop when they leave the military. From technical know-how to leadership skills honed on the battlefield, veterans have a wide range of abilities that make them tremendous assets for the American economy and for any employer,” said U.S. Secretary of Labor Alexander Acosta. “The Department of Labor looks forward to shining the spotlight on employers who make hiring veterans a priority and encouraging other employers to hire our nation’s heroes.”
The department will establish two levels of awards for large employers: the Gold HIRE Vets Medallion Award and the Platinum HIRE Vets Medallion Award. The department will establish similar awards for small and medium-sized employers. Criteria for these awards include:
. Percentage of employees who are veterans;
. Percentage of veteran employees who are retained;
. Establishment of veterans’ assistance and training programs;
. Employment of dedicated human resources professionals for veterans; and
. Income and tuition support for veterans.