Veterans To Help Starbucks Corporation (NASDAQ:SBUX)

Posted by Chris Bell November 8, 2013 0 Comment 954 views


Starbucks Corporation (NASDAQ:SBUX), the world’s biggest coffee chain recently announced that it would be hiring at least 10,000 veterans and spouses. Moreover the company also announced to share a portion of each sale with not for profit organizations from five new and existing Starbucks café on or near military bases. These funds would be utilized to help veterans re-enter the workforce. Hiring veterans, allow the companies to claim tax credits up to $9,600 for each hire under the work opportunity program besides a large choice to find workers of different skill levels among veterans. Many U.S. companies have committed to hire military veterans who served in Afghanistan and Iraq.

Starbucks seeks to extend and strengthen its existing mentoring program through the Armed Forces Network and is clearly evident through this announcement coming just ahead of the U.S. Veterans Day holiday, next Monday on November 11, 2013. Starbucks Director and a former U.S. Defense Secretary, Robert Gates mentioned, “This demographic represents one of the most underutilized talent pools in our country.”

Alongside Starbucks, the U.S. telecom giant AT&T Inc. (NYSE:T) also announced its plans to double the hiring goal for veterans from 5,000 to 10,000 for the next five years. AT&T made this announcement towards keeping its commitment to equal opportunity employment. The company aggressively recruits top military talent through number of programs as well as in coordination with key military associations and groups.

AT&T’s program has also been recently recognized as the ‘Best Military Talent Program’ by the Electronic Recruiting Exchange. In addition the company also shares the merit of being one of the ‘Top 50 Most Military-Friendly Employers’ for seven consecutive years, recognized by G.I. Jobs magazine.

The Senior Vice President of Human Resources Operations at AT&T Inc., Scott Smith said, “We’re benefitting from the skills, character and leadership experience that veterans bring to AT&T and we’re providing good career opportunities for them as they transition from military service.”



About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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