GOOD NEWS FOR VETERANS-New Regulations Promote Hiring of Veterans and Individuals with Disabilities.
On August 27, 2013, the Office of Federal Contract Compliance Programs ("OFCCP") released its Final Rules under the Vietnam Era Veterans' Readjustment Assistance Act, as amended ("VEVRAA") and Section 503 of the Rehabilitation Act of 1973, as amended ("Section 503"). These Final Rules are expected to substantially impact federal contractor compliance obligations under VEVRAA and Section 503 by imposing significant new reporting, records management, administrative and affirmative action obligations on contractors.
The VEVRAA Rule will require federal contractors to adopt a benchmark for hiring veterans which is to be based on the national percentage of veterans in the workforce. (that number is currently 8%) In the alternative they can set their own benchmark based on the best available data. The rule also clarifies job listing and subcontract requirements.
The SECTION 503 Rule sets an aspirational goal for federal contractors and subcontractors that 7% of each job group in their workforce be qualified individuals with disabilities. While the rule doesn't establish a quota, it does require contractors to take specific actions in the areas of recruitment, training, record keeping, and policy dissemination similar to those previously required to promote workplace equality for women and minorities.
Final Rules-Just the Highlights:
VEVRAA (Veterans Regulations)
