OFCCP’S National Annual Benchmark For VEVRAA Now 7 Percent
OFCCP updated the Vietnam Era Veterans’ Readjustment Assistance Act (VEVRAA) Benchmark Database on its website, based on 2014 end-of-year data from the Bureau of Labor Statistics (BLS). Now, the Annual National Benchmark is 7 percent – a slight drop 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 at https://ofccp.dol-esa.gov/errd/VEVRAA.jsp.
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. 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.
For more information about VEVRAA requirements, please visit http://www.dol.gov/ofccp/regs/compliance/vevraa.htm.
Please reference our recent blog related to our prediction that the VEVRAA hiring benchmark would be lowered to 7%.