OFCCP lowered the current VEVRAA “Benchmark for hires” for protected veterans from 6.4% to 5.9% effective March 31, 2019. Since the inception of this percentage in 2014, we have watched OFCCP steadily stair step down the Benchmark. But how much do you really know about this percentage and the meaning behind it? Let’s go back to its inception and reflect on the thought process surrounding the new regulation.
Hint: The Benchmark is simply the “national percentage of veterans in the civilian labor force” (if the contractor uses the Benchmark percentage OFCCP publishes annually). See 41 CFR Section 60-300.45(b)(1)). Alternatively, the