OFCCP Publishes New Veterans Hiring Benchmark
The OFCCP has published the 2016 Annual Vietnam Era Veterans’ Readjustment Assistance Act (VEVRAA) Benchmark. Effective March 4, 2016, the benchmark is now 6.9%–down from the prior 7% threshold.
Contractors who adopted the previous year’s national benchmark of 7% after March 4, 2016, but prior to the OFCCP’s announcement may keep their benchmark at 7%. Going forward, the effective date for the Annual VEVRAA Benchmark will match the date that BLS publishes the data from which OFCCP calculates the Annual VEVRAA Benchmark – around the beginning of March.