Under final VEVRAA
regulations effective March 2014, federal contractors are allowed to establish a hiring benchmark for veterans based on "the current national percentage of veterans in the workforce." Contractors also can choose to set up an individual benchmark based on a five-factor method:
This change follows the OFCCP's groundbreaking regulation changes under VEVRAA
and Section 503 last year.
In an effort to increase accountability and record-keeping requirements the VEVRAA
rule will now require contractors to measure their success in recruiting and employing veterans by a quantifiable metric based on either the national percentage of veterans in the workforce (8%) or their own benchmark based on the best available data.
VEVRAA prohibits discrimination and requires affirmative action in the employment of specified categories of veterans.
Employers subject to EO 11246, Section 503, and VEVRAA may also be required to:
The modifications to VEVRAA
require contractors to annually adopt a benchmark based on the national percentage of veterans in the workforce or develop their own benchmark based on the best available data.
rule provides contractors with a quantifiable metric to measure their success in recruiting and employing veterans by requiring they annually adopt a benchmark either based on the national percentage of veterans in the workforce (currently 8 percent), or their own benchmark based on the best available data.
New York, NY, December 10, 2014 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Jon Zimring, Shareholder, Greenberg Traurig LLP will speak at the Knowledge Congress' webcast entitled “Federal Contractor Section 503 and VEVRAA Compliance: Emerging Issues and Practical Guidance Live Webcast.” This event is scheduled for March 2, 2015 @ 10:00 am - 12:00 pm (ET)
They will provide an in-depth discussion of Vietnam Era Veterans' Readjustment Assistance Act (VEVRAA) Compliance under the recently amended Rehabilitation Act Section 503.
Code 4212 of the Vietnam Veterans Readjustment Assistance Act of 1974 (VEVRAA