Translating service and educational experiences into economic opportunity
US Army Sergeant, Jonathan, wants to transition from service and make a transition to a civilian career for family reasons.
Executives, managers and recruiters want to hire more veterans for nearly all roles in all industries…
Not just law enforcement.
SOLUTION
Johnathan can utilize AstrumU’s AI Translation Engine to translate his military experience into workforce skills and NSC’s Myhub digital wallet to verify and communicate their experiences to potential employers.
QUANTIFYING IMPACT
12%: Veterans who took at least one year to find a job after leaving the Military*
What if this solution could reduce the time to employment for just 20% of those Veterans taking more than one year down to six months?
~$160m Potential lost wages earned by Veterans∿
~$84m Potential unemployment benefits (UCX) no longer required to be paid.
44%: Veterans who left their first civilian job within one year of start*
What if this solution could enable better alignment for just 10% of Veterans to their first job?
~$242m Potential lost wages retained by Veterans‣
~$523m Potential turnover cost avoided by employers
Sources
https://www.pewresearch.org/social-trends/2019/09/10/the-transition-to-post-military-employment/
https://www.hillandponton.com/veteran-civilian-pay-statistics/
200,000 soldiers transitioning out per year Average annual Veteran income = $66,000 Median salary for Army E7 = $70,000 UCX benefits = up to 50% of active-duty wages
Average employment gap length = five months Employee turnover costs = 90%+ of employee salary
