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Veteran Employers

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Top-Tier Veteran Employers

Future Union 2023 Top-Tier
Employer Rankings for Veterans

We set out to create a listing of the very best private sector companies employing veterans. We wanted a list where voluntary self-reporting does not confer an honorary presumption of inclusion akin to a “gold star” for participation, instead the metric should be public disclosure, transparent for all to review. Our index is an attempt to identify, elevate, and recognize only the truly notable veteran-hiring companies that distinguish themselves beyond that of their peers. 

That is why we are proud to announce our inaugural 2023 list of Top Veteran Employers’ that both elevates veterans and provide statistics to back up employers’ actions. There is much more to do, but our goal remains the same, to democratize the success and achievement of the companies that go beyond their peers in helping veterans reach their potential.

In this ranking, Future Union decided to take a different approach to other evaluators. We started by evaluating more than 1,000 of the largest employers, evaluating them on an equal baseline methodological framework that was intended to be distinctly different from other private, self-reported survey-based methodologies. We live in a world of competition, why not bring it to rankings on transparency and action?

While our list could have been far longer, and many companies came close to making the list, we wanted a tight, consolidated view of the top employers and competition for our 25 honorees, instead of a broad list that categorization into numerous, arbitrary bands (e.g. Gold, Silver, and Bronze) with limited applicability.

Future Union is proud to announce a list of veteran employers that brings a systematic, rigorous quantitative-ranking methodology conducted on year-end 2022 data combining firm-specific, transparency elements. Our ranking is editorially-independent and serves to highlight the best corporate efforts to recruit, support, and empower current and former service members, spouses, and their families with proof of such initiatives based on data. 

The following are the inaugural list of top-tier employers for veterans:

(1) Home Depot

(2) Bank of America

(3) Comcast

(4) Wells Fargo

(1) Home Depot

(2) Bank of America

(3) Comcast

(4) Wells Fargo

(5) Starbucks

(6) Capital One

(7) JPMorgan-Chase

(8) Verizon

(5) Starbucks

(6) Capital One

(7) JPMorgan-Chase

(8) Verizon

(9) Amazon

(10) Alphabet/Google

(11) CVS Health

(12) Citi

(9) Amazon

(10) Alphabet/Google

(11) CVS Health

(12) Citi

(13) Walmart

(14) Microsoft

(15) PepsiCo

(16) Salesforce

(13) Walmart

(14) Microsoft

(15) PepsiCo

(16) Salesforce

(17) Bristol Myers Squibb

(18) Cisco

(19) Goldman Sachs

(20) Delta Airlines

(17) Bristol Myers Squibb

(18) Cisco

(19) Goldman Sachs

(20) Delta Airlines

(21) Palo Alto Networks

(22) BlackRock

(23) Workday

(24) American Airlines

(21) Palo Alto Networks

(22) BlackRock

(23) Workday

(24) American Airlines

(15) Morgan Stanley

(15) Morgan Stanley

As a general note, we acknowledge that many employers are heavily associated with the US government, thus, we set out to identify the firms that did not have a regulatory requirement for enhanced veteran disclosures to comply. Our goal is improve the trajectory of reporting in the private sector, thus, we have actively chosen to exclude companies with direct linkages to the government and/or recipients of government funding over a threshold amount that subjects them to greater disclosure requirements – but only to the government, not to the general public. Thus, this evaluation excludes both obvious and, in some cases, less obvious employers from consideration who operate with direct proximity to agencies and/or operate as contractors, and may already do a tremendous job of catering to veterans. Therefore, our aim was to create a new ranking methodology absent the confidentiality element embedded in many survey-based disclosure.

We have intentionally chosen to excluded the most obvious government, private and public companies (e.g. Accenture Federal, AECOM, Allegiant, Allied Universal, Amentum, BAE Systems, Bain & Company, BCG, Boeing, Booz Allen Hamilton, CACI, Dept. of Energy, Dept. of Homeland Security, Deloitte Federal, General Dynamics, Hewlett-Packard Enterprises, JB Hunt, KPMG, L3Harris, Leidos, Lockheed Martin, McKinsey & Company, Newport News Shipbuilding, Northrop Grumman, Palantir, PwC, Raytheon, SAIC, SEI, SpaceX, TEK Systems, Vectrus, Union Pacific, USAA, among others) that already do an admirable, or better, job of recruiting, hiring, and supporting veterans in favor of the other companies that are unconstrained from required reporting and still exemplify best practices. Our goal is to showcase the employers shifting the conversation toward greater, transparent disclosure. Thus, our list tends to encompass larger private sector, Fortune 500 publicly reporting companies as they tend to have greater disclosure and deserve both recognition for their work in the veteran community as well as the public credit for their historical record of transparency beyond their peers. 

Thus, our policy recommendations for public (and private) employers to be competitive on future rankings are:

  • Detailed, veteran-specific breakouts of data with specific historical trends and a section dedicated to veterans in Diversity, Equity, and Inclusion (DEI)/Diversity & Inclusion (D&I) or Sustainability/Environmental, Social and Governance (ESG) reports, if publicly provided.
  • Identification of veteran-specific Employee Resource Groups or Business Resource Groups and allies, as well as the number of members as a percentage of total employees.
  • Retention rates of veterans in relation to both veteran and total employee counts.
  • Disclosure of the dollar amount of annual grants and/or donations, and as a proportional percentage of total DEI funding.
  • Disclosure of events hosted throughout the year which are designed to identify high achieving veteran successes, both sponsored and internally developed.
  • Programs available and specifically designed for veterans. 

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