Wednesday, April 22, 2015

OFCCP's National Annual Benchmark for VEVRAA Lowered to 7 Percent

OFCCP has announced that the Vietnam Era Veterans' Readjustment Assistance Act (VEVRAA) benchmark has been lowered to 7.0 percent, from the previous 7.2 percent benchmark. National and state information has also been updated in the VEVRAA Benchmark Database for federal contractors and subcontractors who calculate an individualized hiring benchmark using the five-factor method.

The Annual National Benchmark, as well as data for calculating individual hiring benchmarks, can be found if you click here.

Effective March 24, 2014, contractors required by VEVRAA to develop a written affirmative action program (AAP) must also establish a hiring benchmark for protected veterans each year or adopt the national benchmark provided by OFCCP. Under either approach, contractors must compare the percentage of employees who are protected veterans in each of their establishments to the hiring benchmark set for that establishment. Contractors should use the result of this comparison when assessing the effectiveness of their veteran outreach and recruitment efforts. This VEVRAA Benchmark Database provides additional information regarding the establishment of hiring benchmarks and easy access to the national and state data that may be needed to establish these benchmarks.