India ramps up armed forces veteran hiring across administrative and financial job roles

• India is ramping up veteran hiring across administrative roles.
  
• US multinationals — Goldman Sachs, Wells Fargo — have hired 41 and 17 veterans, respectively.
  
• According to TOI report, India is expected to employ 150,000 veterans.

Taking a cue from the US, India is ramping up veteran hiring, creating a job pool for former armed forces members.

Initially a US concept, veteran hiring — the former members from the armed forces — is now gaining momentum in India with the introduction of armed forces veteran hiring programmes.

Though, the veteran community is well-nourished and disciplined for administrative and security roles, the working class of the community still struggles to land a job below 45 years of age. American multinationals including Goldman Sachs and Wells Fargo have given in the idea of veteran hirings.

According to a TOI report, the global investment bank Goldman Sachs has extended internship offers to nearly 41 officers in India in the last five years, under its Armed Forces Integration Program (AFIP) — with a conversion of almost half of them as full-time employees of the company.

On the other hand, Wells Fargo hired 17 veterans across roles — risk & compliance, business services and programme management. “We have an air force commando who is now very good at redesigning and reengineering our processes,” Arindam Banerrji, managing director at Wells Fargo India, reportedly said.

The multinationals have teamed up with job portals including military to corporate and Soldier Second Life, among others to overcome the challenges in hiring veterans for various job roles.