Hiring Our Heroes Helps Veterans Find Employment in Roofing and Other Industries

When Grant Smith returned from active duty as a U.S. Infantryman in the Marine Corps, he was concerned about finding a job. He had been in the military since the age of 18 and, having been a rifleman, he did not believe he had any marketable skills that would lead him to a job with a future. Smith’s sergeant told him about a trade fair in Columbus, Ohio, in which potential employers would be available to interview veterans for a variety of jobs in the area. At the trade fair, Smith met Chad Muth, president of Muth & Co. Roofing, Westerville, Ohio, and was hired as an installer in the spring of 2013.

Fast-forward two years and Smith is now a field supervisor.

It was a win-win for Smith and Muth, and it was all thanks to the Hiring Our Heroes program.

HELPING VETERANS

Grant Smith (middle), a former U.S. Infantryman in the Marine Corps, was hired as an installer by Muth & Co. Roofing, Westerville, Ohio, through Hiring Our Heroes. Just two years later, he is a field supervisor.

Grant Smith (middle), a former U.S. Infantryman in the Marine Corps, was hired as an installer by Muth & Co. Roofing, Westerville, Ohio, through Hiring Our Heroes. Just two
years later, he is a field supervisor.


Hiring Our Heroes is a national initiative administered by the U.S. Chamber of Commerce Foundation, Washington, D.C. Its mission is to help veterans, active service members and their spouses transition back into the workforce through a series of hiring fairs held throughout the country, as well as through an online process. To date, more than 850 fairs have been held with 35,000 employers participating, including businesses of all sizes, as well as government and nonprofits. The program also offers employment workshops, résumé reviews and career coaching.

The initiative began four years ago as a response to the gap between businesses looking for skilled workers and those returning from the military with no idea where to look for employment. Job seekers and potential employers may attend hiring fairs at no charge.

“That is one thing that makes the program stand out and makes it so successful—small- and medium-sized businesses can come. A lot don’t have recruiters or HR, but they want to hire a vet, a quality worker,” says Kim Morton, communications manager for Hiring Our Heroes.

Though the numbers are not updated daily, Morton says her team has been able to track 25,000 hires made through the hiring fairs, and those are only from employers reporting back to the program.

The draw for employers is multifold. “Most employers are there because they know they’re going to get a quality employee,” Morton notes. “[Veterans] have had years of discipline and dedication. They know how to stay until the job is done and know how to problem solve; that is the No. 1 skill employers are looking for.”

In addition, Morton adds, veterans know how to work in flexible and uncertain conditions and can be resourceful to get the job done. “Once [a company] hires a vet, they want more, so we see employers coming time and time again,” she says.

Although the fairs are open to veterans of any era, Morton says the majority who attend are post-9/11 vets because their unemployment rate consistently has been higher than the national unemployment average. “For veterans under age 25, those numbers are closer to 20 percent. Those are the ones we see come to events the most,” Morton states.

In addition to in-person fairs, employers and veterans can find each other via online tools, such as a jobs portal and an employer best practices site, within the Hiring Our Heroes website. “Our goal is to ensure veterans, transitioning service members and military spouses are able to utilize our resources to connect with employers no matter where they are in the world,” Morton remarks.

PHOTO: MUTH & CO. ROOFING

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The Foundation Releases MCI-EFI Regarding Business Conditions and Expectations

The Equipment Leasing & Finance Foundation (the Foundation) released the February 2015 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Designed to collect leadership data, the index reports a qualitative assessment of the prevailing business conditions and expectations for the future as reported by key executives from the $903 billion equipment finance sector. Overall, confidence in the equipment finance market is 66.3, a slight increase from the three-year high level reached by the January index of 66.1.

When asked about the outlook for the future, MCI-EFI survey respondent William Verhelle, chief executive officer, First American Equipment Finance, a City National Bank company, says, “The economy continues to improve. First American is seeing increased equipment acquisition activity among the large corporate borrowers we serve. We are optimistic that lower energy costs, if they remain at current low levels, will drive increased U.S. economic activity in the second half of 2015. We are more optimistic about the U.S. economy today than we have been at any time during the past six years.”

February 2015 Survey Results:
The overall MCI-EFI is 66.3, a slight increase from the January index of 66.1.

  • When asked to assess their business conditions over the next four months, 30.3 percent of executives responding said they believe business conditions will improve over the next four months, up from 23.3 percent in January. 63.6 percent of respondents believe business conditions will remain the same over the next four months, down from 76.7 percent in January. 6.1 percent believe business conditions will worsen, up from none who believed so the previous month.
  • 42.4 percent of survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase over the next four months, up from 20 percent in January. 51.5 percent believe demand will “remain the same” during the same four-month time period, down from 80 percent the previous month. 6.1 percent believe demand will decline, up from none in January.
  • 27.3 percent of executives expect more access to capital to fund equipment acquisitions over the next four months, down from 33.3 percent in January. 72.7 percent of survey respondents indicate they expect the “same” access to capital to fund business, up from 66.7 percent in January. None expect “less” access to capital, unchanged from the previous month.
  • When asked, 39.4 percent of the executives reported they expect to hire more employees over the next four months, a decrease from 50 percent in January. 57.6 percent expect no change in headcount over the next four months, up from 50 percent last month. 3 percent expect to hire fewer employees, up from none who expected fewer in January.
  • 6.1 percent of the leadership evaluate the current U.S. economy as “excellent,” up from 3 percent last month. 90.9 percent of the leadership evaluate the current U.S. economy as “fair,” down from 97 percent in January. 3 percent rate it as “poor,” up from none the previous month.
  • 45.4 percent of the survey respondents believe that U.S. economic conditions will get “better” over the next six months, an increase from 43.3 percent who believed so in January. 54.6 percent of survey respondents indicate they believe the U.S. economy will “stay the same” over the next six months, down from 56.7 percent in January. None believe economic conditions in the U.S. will worsen over the next six months, unchanged from last month.
  • In February, 48.5 percent of respondents indicate they believe their company will increase spending on business development activities during the next six months, a decrease from 50 percent in January. 51.5 percent believe there will be “no change” in business development spending, an increase from 50 percent last month. None believe there will be a decrease in spending, unchanged from last month.

February 2015 MCI-EFI survey comments from industry executive leadership:

  • Independent, Small Ticket
    “Demand remains moderate and competition is strong. We remain bullish for 2015 as we expand channels and products. We are planning on muted GDP so we are focused on making our own opportunities versus waiting for the general economy to expand.” David Schaefer, CEO, Mintaka Financial LLC

  • Bank, Small Ticket
    “Things just seem to be better. Gas prices and unemployment are headed in the right direction. I am concerned about the negative effect of lower gas prices, such as, higher fail rates of energy loans and energy stock value.” Kenneth Collins, CEO, Susquehanna Commercial Finance Inc.

  • Bank, Middle Ticket
    “I see continued strength in the transportation segment of the economy. That segment of our business will remain strong. The opportunities in oil and gas have substantially declined. I expect the decline to depress the volume of business during 2015. 2015 will be a mixed year with some industries doing well and others in decline.” Elaine Temple, president, BancorpSouth Equipment Finance

  • Bank, Middle Ticket
    “All signs have been pointing to a ‘break-out’ year in 2015. However, investment in capital assets continues to be sporadic. Companies continue to be cautious in expanding their production capacity. Let’s hope the economists are correct in their predictions for 2015.” Thomas Jaschik, president, BB&T Equipment Finance

Why an MCI-EFI?
Confidence in the U.S. economy and the capital markets is a critical driver to the equipment finance industry. Throughout history, when confidence increases, consumers and businesses are more apt to acquire more consumer goods, equipment and durables, and invest at prevailing prices. When confidence decreases, spending and risk-taking tend to fall. Investors are said to be confident when the news about the future is good and stock prices are rising.

Who participates in the MCI-EFI?
The respondents are comprised of a wide cross section of industry executives, including large-ticket, middle-market and small-ticket banks, independents and captive equipment finance companies. The MCI-EFI uses the same pool of 50 organization leaders to respond monthly to ensure the survey’s integrity. Because the same organizations provide the data from month to month, the results constitute a consistent barometer of the industry’s confidence.

How is the MCI-EFI designed?
The survey consists of seven questions and an area for comments, asking the respondents’ opinions about the following:

  • 1. Current business conditions
  • 2. Expected product demand during the next four months
  • 3. Access to capital during the next four months
  • 4. Future employment conditions
  • 5. Evaluation of the current U.S. economy
  • 6. U.S. economic conditions during the next six months
  • 7. Business development spending expectations
  • 8. Open-ended question for comments

How may I access the MCI-EFI?
Survey results are posted on the Foundation website, included in the Foundation Forecast newsletter and included in press releases. Survey respondent demographics and additional information about the MCI are also available at the link above.

Employment App Makes It Easy to Find Construction Jobs and Job Seekers

Snagajob, an hourly employment marketplace for job seekers, announced the release of its free mobile app for iOS and Android, designed to meet the unique needs of those seeking to hire construction workers, builders or contractors for hourly employment.

Snagajob, an hourly employment marketplace for job seekers, announced the release of its free mobile app for iOS and Android, designed to meet the unique needs of those seeking to hire construction workers, builders or contractors for hourly employment.

Snagajob, an hourly employment marketplace for job seekers, announced the release of its free mobile app for iOS and Android, designed to meet the unique needs of those seeking to hire construction workers, builders or contractors for hourly employment. The free app makes the job posting/hiring process easier by using a smartphone’s or tablet’s video, photo and GPS technology. Employers can currently post jobs for free via the app’s free trial promotion.

Snagajob offers a new way for employers to find and manage applicants on their mobile device. With Snagajob, employers can conveniently use their mobile device to:

  • Manage their account’s status and add additional postings for multiple locations
  • Access and review applications for each job posting and quickly see their availability and qualifications
  • Find qualified prospects in their area and then reach out via phone or email and encourage them to apply
  • Easily rank/sort applicant and “star” the applicants they want to interview and note the ones they are not interested in.

The app’s “Video Apply” feature allows employers to view a short clip that candidates can include with their application and lets them gauge the personality fit and enthusiasm of applicants before scheduling an interview, thus saving time and energy for both job seekers and employers.

Snagajob is currently used by thousands of employers across the country across a wide range of vertical markets including retail, food service, transportation, hospitality, child care and more.

Construction Employment Jumps by the Largest Monthly Amount in Nearly Seven Years

Construction employment jumped by the largest monthly amount in nearly seven years in January, bringing industry employment to the highest level since July 2009, according to an analysis of new government data by the Associated General Contractors of America. Construction employment totaled 5,922,000 in January, the highest total in four-and-one-half years and an increase of 48,000 from a month earlier—the largest one-month gain since April 2007. For the year, construction employment rose by 179,000, or 3.1 percent, compared with an increase of 1.7 percent for total nonfarm payroll employment. Nonresidential construction firms added 31,300 new jobs in January and 57,100 (1.6 percent) over 12 months while residential firms added 16,800 jobs for the month and 121,400 (5.8 percent) during the year. The unemployment rate for workers actively looking for jobs and last employed in construction declined from 16.1 percent in January 2013 to 12.3 percent in January 2014—the lowest January rate since 2008.