On June 15, 2016, the Office of Federal Contract Compliance Programs (OFCCP) announced the updated Annual VEVRAA Hiring Benchmark. The benchmark, which is based on data released by the Bureau of Labor Statistics (BLS) on March 4, 2016, has been updated from 7 percent to 6.9 percent. The updated benchmark, along with the effective dates can be found on the OFCCP website at:
The announcement by the OFCCP states that contractors who adopted the national benchmark of 7 percent after March 4, 2016, but prior to June 15, 2016, may keep their benchmark at 7 percent. For contractors choosing to use the five-factor approach, the national and state information has also been updated in the VEVRAA Benchmark Database.
Please contact us by calling (732) 446-2529 or sending us an e-mail at email@example.com if you are interested in discussing the updated national Veterans Hiring Benchmark.