Walmart to hire 250,000 U.S. veterans over seven years
The previous commitment was for veterans within 12 months off active duty. In addition to the Veterans Welcome Home Commitment, Walmart is expanding its 2013 projection of hiring 100,000 veterans by 2018, increasing the projection to 250,000 veterans by the end of 2020.
Since Memorial Day 2013, Walmart has hired more than 92,000 veterans, and nearly 8,000 have already been promoted to jobs with higher pay and greater responsibility.
The Office of the Chairman of the Joint Chiefs of Staff estimates 250,000 service members may separate from the military per year over the next five years; the need for America's leading businesses to contribute to their transition will only continue.
Walmart is also extending its support for transitioning military members and their families beyond the company's operations and is leveraging the size and scale of its supply chain to further support programs that provide training, education and economic opportunity.
On May 5, Walmart participated in the launch of the Coalition for Veteran Owned Business, which will work to create opportunities for veteran and military-family owned businesses with American businesses and supply chains.
Walmart is also specifically encouraging military and veteran-owned businesses to apply for its annual U.S. Manufacturing Summit and Open Call to be held July 7-8, 2015 in Bentonville, Ark. The summit and open call will provide an opportunity to meet with Walmart's buyers and facilitate meetings for current and potential suppliers with key state economic development officials.
In 2011, Walmart and the Walmart Foundation committed $20 million by 2015 to support veterans and their families with assistance from programs that provide job training, transition help and education.
After delivering on this commitment in 2014, one year ahead of schedule, Walmart and the Walmart Foundation renewed their commitment, announcing an additional $20 million through 2019 to support veteran job training, education and innovative public/private community-based initiatives that address the challenges many of our veterans face when returning to the civilian workforce and their communities.
Institute for Veterans and Military Families at Syracuse University (IVMF): The Walmart Foundation awarded a $1 million grant to support a three-year initiative to pilot new ways in which non-profit, public, and private sectors can better work together to serve veterans.
The Henry M. Jackson Foundation for the Advancement of Military Medicine, Inc. – Center for Public-Private Partnerships (CP3): The Walmart Foundation awarded a $500,000 grant to support The Veterans Metrics Initiative (TVMI): Linking Program Components to Post-Military Well-Being study.
This five-year study will assess the well-being of 7,500 veterans 90 days prior to separation from military service to within three years thereafter, and document and analyze the components of the transition and reintegration programs the veterans report that they use. ■