New York City, June 6, 2013 - JPMorgan Chase & Co. has received the "2013 Work Life Legacy Military Award" by the Families and Work Institute for the second consecutive year for its support of transitioning service members, veterans and their families.
"The Work Life Legacy Award was created to address a critical economic and societal need. Approximately 1,000 service men and women transition out of the military on a daily basis - and only 100 are getting jobs each day. The purpose of this rigorous award is to increase these numbers as well as highlight best practices in hiring and supporting veterans and their families. Congratulations to JPMorgan Chase for being among the four best-in-class winners," said Ellen Galinsky, President of Families and Work Institute.
Creating and sharing best practices around veteran employment has been a focus of the company over the past two years. JPMorgan Chase is a founding member of the 100,000 Jobs Mission, a coalition of 102 companies committed to hiring veterans and sharing best practices. The 100,000 Jobs Mission companies have collectively hired 64,628 veterans through the first quarter of 2013.
Within its own ranks, JPMorgan Chase has hired more than 5,500 veterans since 2011. The company's approach includes a centralized military recruiting team and innovative internal training programs to bridge the knowledge gap between military and civilian cultures. Military 101 is a training program for hiring managers and recruiters to educate them about the unique training and experience service members gain through military service. Body Armor to Business Suits is for veteran employees to help them assimilate into corporate culture and make their transition into the company as smooth as possible.
"Our nation has been at war for almost twelve years - and almost three million brave men and women volunteered to serve," said Maureen Casey, Managing Director of Military and Veterans Affairs at JPMorgan Chase, at the Families and Work Institute award ceremony on June 3. "We are committed to our mission of hiring transitioning service members, veterans and military spouses - and positioning them for long-term success."
Through a partnership with Syracuse University, the firm also co-founded the Institute for Veterans and Military Families (IVMF), the first national center in higher education focused on the social, economic, education and policy issues impacting veterans and their families post-service. In addition to publishing leading practices on veteran employment, IVMF offers educational programs for transitioning veterans and families, including the tuition-free Veterans Career Transition Program and Entrepreneurship Bootcamp for Veterans with Disabilities.
JPMorgan Chase was also recognized as a top company for supporting veteran-owned businesses by the National Veteran-Owned Business Association (NaVOBA); ranked second on the 2013 Military Times EDGE "Best for Vets Employer" list; recognized as one of G.I. Jobs Top 100 Military Friendly Employers® for 2012 and 2013; and included in CivilianJobs.com 2013 Most Valuable Employers (MVE) for Military®.
For more information about JPMorgan Chase's military and veteran programs, please visit ChaseMilitary.com.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.