Federal contractors who use the Vets Hiring Benchmark to monitor their compliance with the OFCCP’s affirmative action regulations should use the updated 5.4% benchmark, instead of 5.5% from 2022.
The annual benchmark is the national percentage of veterans in the civilian labor force and is the measure that most federal contractors use as their protected veterans hiring benchmark for complying with Section 4212 of the Vietnam Readjustment Assistance Act (VEVRAA).
The revised benchmark can be used for new AAP annual cycles that begin on or after March 31. However, OFCCP did not supply guidance on resetting the benchmark for calendar year AAPs. For more information about the annual hiring benchmark, contractors can go to OFCCP’s VEVRAA Hiring Benchmark Database.