November 11, 2021
Honoring Our Veterans
On this Veteran’s Day, it is important to honor the service of military veterans who have made many sacrifices to protect us and our way of life. I am so grateful for their service to our country and I am glad that we have this holiday to remind us of their contributions.
An important element in honoring our veterans is considering the contributions they make to our economy and society after the conclusion of their military service. Some veterans elect to continue their public service in positions as first responders or in government roles, while others enter the private sector. As such, military veterans make up a critically important part of our workforce in this country.
With the SEC’s recent amendments to Item 101 of Regulation S-K requiring disclosure about human capital resources, we now have a glimpse into how companies support their employees who are military veterans. Many companies disclose that they have internal employee resource or inclusion groups that are dedicated to military veterans. The groups are often dedicated to supporting the attraction, development and retention of talent, provide professional and leadership opportunities, and support community and business efforts within the company. Some companies, such as JPMorgan Chase & Co., actually provide statistics on the percentage of its worldwide employees that are military veterans (3%). We will likely see this type of disclosure continue to evolve over time, as companies consider how to effectively describe their workforce and how that workforce is developed and supported.
Today, let’s not forget to show our gratitude to our nation’s veterans for all of the important work that they do in the military and when they go on to become our colleagues in the workforce.
– Dave Lynn