There is a new generation of veterans in America. They’ve been labeled the Post 9/11 veterans or the Iraq and Afghanistan vets, but I prefer the term “Modern Veteran.” These men and women are smarter than every generation that’s come before. They’re tech-savvy, primarily because most of them are Generation X or Millennials. In addition, they’ve been in direct contact with some of the most technologically advanced equipment that a 21st-century democracy can provide.

I believe that in the next two decades, modern veterans are going to be responsible for one of the largest economic booms in U.S. history. As a byproduct of their military service, modern veterans have the stomach to take risks, the ability to deal with ambiguity, composure, and creativity under extreme pressure, and an unparalleled focus on TEAM as the way to win a fight. These men and women are the best-kept secrets in business and why your competitors are hiring veterans as fast as they can.

Despite our friendly rivalry, no branch is better than any other when it comes to the quality of the transitioning servicemember. However, I’ve learned that many companies have their unique preferences. For instance, I know of one company that swears by Navy veterans. “Why Navy?” I once asked. The response was that their CEO was a Seabee (United States Naval Construction Forces) and preferred “keeping it in the family.”

In my travels, part of my joy is communicating to businesses the advantages a veteran provides in a business setting, and part of my challenge is dispelling some of the myths and misconceptions surrounding modern veterans.

Before we explore why modern veterans are right for business, I’d like to share some of the myths and misconceptions that some managers have approached me with, as well as one big, false narrative that needs to be destroyed once and for all.

Veteran Suicide and the Number 22

In May of 2016, I wrote an article entitled “Veteran Suicide: The False Narrative of the Number ‘22’.” In that article, I explained that there is a single number that many people commonly associate with modern veterans. That number is 22, as in 22 veterans commit suicide daily in the United States. In 2015 and 2016, this number spread like wildfire through social media and saw the creation of perhaps two dozen nonprofits with the number 22 in their name.

There are two major issues with the number 22. The first is that the number is likely much, much higher. That number is based on a Veteran’s Affairs report from 2012, using data collected from only 21 states, representing only 40% of the U.S. population. And states like California and Texas, states that have massive veteran communities, don’t report veteran suicides to the VA. As you can clearly deduce, we should be using the number 22 as a bare minimum or starting point.

More surprising, however, is the revelation that only one modern veteran takes his or her own life daily (which is still one too many). The entire generation that has been implicated in the number 22, modern veterans, is NOT the group that is committing suicide. Per the report, the clear majority of veteran suicides are committed by Vietnam-era veterans.

When the media reports falsely on this, two things happen. First, Vietnam-era veterans are not getting the support and outreach that they clearly need. Second, having such a big, inaccurate number attached to the younger generation of veterans perpetuates a destructive stereotype: It sends the false message that modern veterans are somehow broken and unable to compete for meaningful employment in the civilian world.

The number 22 is a great starting point to raise awareness about veteran suicide. But let’s make sure that we report it accurately so that we may, in the process, honor our nation’s heroes.

Editor’s Note: A recently released VA report presents new numbers that are much more accurate. See my article New VA Report Provides Clear Line of Sight into Veteran Suicide Rates.

MYTH: Veterans Are Foul-Mouthed and Noisy

This is simply not true. Veterans possess something called “military bearing” which is, strictly defined, a posture, gestures, and behaviors that are consistent with standards expected of U.S. servicemembers. A military bearing includes presenting a professional appearance, being courteous, projecting enthusiasm and confidence, and having a positive outlook.

I served in an infantry unit, the 327th Infantry Regiment of the 101st Airborne Division. Sure, we were foul-mouthed and noisy among ourselves, but we took pride in projecting a professional outward appearance at all times. Veterans carry this quality with them when they leave the service and enter the civilian world.

MYTH: The Military Doesn’t Teach Transferable Skills

This statement is yet another misconception that assumes that somehow operating in a military environment is vastly different than operating in a business setting. A number of organizations have developed a military skills translator that allows employers to understand veterans and helps veterans to find positions that are similar to what they did while on active duty.

For the purposes of this article, as an example, I just visited Military.com’s translator which asks what branch of service (I put in Air Force) and Military Job Title (I put in 2A551, my Air Force AFSC, equivalent to a Military Occupational Specialty code) and clicked ‘Search.’

Immediately, the system matches what I did in the Air Force to a number of similar civilian-equivalent jobs: Quality Control at Amazon, Facilities Manager at Aramark, and Maintenance Supervisor at Randstad Engineering, just to name the top three. There are over 50 on the list.

While serving in the Air Force, I worked on the RADAR system of the E-3 Sentry AWACS aircraft. It was the crucial electronics skills attained that landed me a job at Siemens Medical working on MRI and CT machines right out of the military. And there were several companies knocking on my door; the skills learned in the military gave me my pick of the employer. Forward-thinking companies like Intel, Amazon, Home Depot, and dozens of others recognize the value a veteran provides, and are among the most veteran-friendly companies in America.

MYTH: All Veterans Serve in Combat

By the numbers, according to the Defense Manpower Data Center, there are close to 1.4 million people serving right now in the U.S. Armed Forces. That means that only 0.4 percent of the U.S. population is active-duty military. Of that percentage, a staggeringly small percentage actually see combat. The U.S. military isn’t just made up of front-line combat troops and cooks to keep them fed. There is a massive support structure in place, the so-called ‘tail-to-tooth’ ratio.

Military historian Joseph Bond states that this ‘tail-to-tooth’ ratio has changed a great deal from previous generations because the ‘tail’ acts as force multipliers. Communications allow for coordination and precise devastation supporting indirect fire at the point of contact. Medical provides a level of assurance to soldiers and returns experienced fighters back to the battlefield. Logistics keeps a steady supply of fuel, ammo, food, and water to all concerned. Take any of these things away, and the point of the spear becomes much less effective — maybe inoperable. The sheer amount of people it takes to support one combat soldier means that the probability of you bumping into a combat veteran, in a room full of veterans, is low.

Even though the probability that your veteran candidate served in a combat role is slim, it shouldn’t be a disqualifier if they did. As Americans, we’ve had remarkable success at reintegrating our warriors back into society. The Greatest Generation came home from saving the world and created the Baby Boomers as well as the economic prosperity of the 1950s. The economy overall grew by 37% during the 1950s. At the end of the decade, the median American family had 30% more purchasing power than at the beginning. This was all done by the men who stormed Omaha Beach or flew sorties over Okinawa. A combat veteran shouldn’t be stigmatized. He or she should be honored.

Veterans: The Business Manager’s Secret Weapon

It is my belief that veterans are more likely to achieve success in life due to a number of exclusive traits and skills that they possess as a byproduct of their military service.

Success-minded veterans are largely responsible for the massive economic boom of the 1950s. In 1945, the GI Bill helped veterans returning from WWII earn college degrees, train for vocations, support young families, purchase homes and farms, and start their own businesses. My own grandfather, who was an ace fighter pilot for the Marine Corps in the Pacific, came home and opened a dry cleaner business in Dallas, Texas.

Also, veterans were and are 50% more active in their communities and civic associations. In the ’50s and ’60s, many veterans joined the civil rights movement to expand equal rights for future generations. If we’re not all equal, they thought, then what the hell were we fighting for?

But why? What qualities do veterans possess exclusively as a byproduct of their military service? What makes a veteran or military member much more likely to achieve success in life and business?

Leadership at Every Level

At age 19, I was put in charge of $6 million of government equipment. I had colleagues in their 20s who were appointed interim governors of entire towns in the Middle East. There is no better anvil on the planet to forge a 21st-century leader. Building world-class leaders are what we do; it’s in our DNA.

From a private in the U.S. Army infantry to a four-star general or General of the Army (reserved for wartime), every level has the responsibility and the expectation of leadership.

I recently spoke at the U.S. Air Force Academy about veteran empowerment. After all, many of the cadets would one day be veterans themselves, but more importantly, they would one day be leading airmen who would be veterans at some point. During my trip to Colorado Springs, I had the privilege of sitting in on one of my fellow speaker’s talks about leadership. The speaker’s name was Simon Sinek and the topic, Leaders Eat Last.

I don’t want to steal Simon’s thunder, but it struck me how his philosophy of leadership coincided with the leadership found inside the U.S. military. The message? Great leaders sacrifice their own comfort ― even their own survival ― for the good of those in their care.

If you are looking for a candidate who is mission-focused and doesn’t need a lot of hand-holding, a natural leader to help you achieve your business goals, a military veteran is your best choice.

Composure and Creativity Under Extreme Pressure

The Air Force Times recently reported on a story where an F-16 Fighting Falcon, performing ops against the Islamic State, suffered a fuel malfunction where the pilot could only sustain 500 lbs. of fuel at any given moment. 500 lbs. of fuel in a Falcon gets you about 25 minutes of flight time before you must declare an emergency. The pilot was going to have to eject over ISIS-controlled territory.

In my mind, there are very few things that scare an Air Force F-16 fighter pilot. One of those things must be ejecting over ISIS-controlled territory.

What happened next? The savvy crew of a KC-135 Stratotanker, basically a flying gas tank, stepped up to lend a hand. The KC-135 escorted the Falcon all the way back to base while refueling him every 15 minutes. Aerial refueling is already an endeavor filled with risk, a task that takes concentration and calm under dangerous, nerve-racking conditions.

This is the very definition of composure and creativity under extreme pressure. And there are hundreds of examples of these qualities happening daily around the U.S. military. In society, as entrepreneurs, in particular, I’ve seen veterans go well beyond the stress point at which a sane person would break under the pressure. Your veteran candidate brings this composure into the civilian world.

Integrity Always

In a world where integrity is a scarce commodity, many veterans operate at a higher level in all interactions. Is every veteran a saint? Of course not. Just like any social group, we have our screw-ups, our individuals that joined for the wrong reasons. Any group is going to have individuals that don’t reflect the best qualities of the group.

But by and large, I’ve seen veterans operate with integrity. You can trust them to make the right decision, even when no one is looking.

A colleague of mine and Marine Corps veteran, worked, until recently, at a large medical company. As the head of quality control, he discovered a defect in a medical device that screws into children’s skulls to keep the head steady as a doctor is performing brain surgery or removing a tumor. He brought this defect to the attention of his CEO and the response was astounding: Do nothing. The CEO stated that it would cost millions of dollars to recall and the chance for failure was lower than average. The CEO then stated that he must sign a non-disclosure agreement so that the Food and Drug Administration, the federal agency that approves medical devices, wouldn’t be notified.

The former Marine quit his job immediately. In my personal dealings with veterans in business, I’ve seen men and women who operate out of a clear sense of right and wrong and service before self. If integrity is important to you and aligns with your business goals, the veteran candidate is your best choice.

Habitual Goal Orientation

Goals are crucial little things, especially in the U.S. military. A goal must require you to take action, not reaction. And as countless American achievements prove, from taking our independence from the Crown to landing an American on the moon, massive action gets massive results. People who serve in the U.S. military equate competence, task orientation, and a positive attitude as essential to achieving military goals.

In the same vein, veterans bring to the table something known as the AAR (After-Action-Review) in the Army and known as the Debrief in the Air Force. Simply put, the AAR is a cycle of continuous improvement, where soldiers review the previous mission. What went right? What went wrong? How can we improve performance on the next mission? Then, the lessons learned are implemented to improve future performance. After the next mission, the whole cycle starts again.

Recognizing that this military system of AAR and debrief has value in the civilian business world, former Air Force F-15 fighter pilot James D. Murphy wrote a book entitled “Flawless Execution” that describes in detail how companies can use this very process.

Veterans from any branch are already exposed to this process as part of their jobs in the military. They then bring this mindset of continuous improvement with them into your business.

Diversity and Inclusion in Action

In 1965, a black U.S. Army soldier named Milton Olive III was on patrol with his squad in Vietnam. They made contact with the enemy and the Viet Cong retreated into the jungle. Private Olive’s squad gave chase and during the pursuit, a Viet Cong soldier turned and threw a grenade that landed in the middle of the Americans. Private Olive nonchalantly raised his hand and said “I got it,” grabbed the grenade, tucked it into his chest, and then laid down on it.

Private Olive was posthumously awarded the Medal of Honor and was the first African-American Medal of Honor recipient of the Vietnam War. In jumping on that grenade, he saved the lives of his squad, both black men, and white men. In doing so, he showed us all how we ought to live. For more on Milton Olive III, see my video here.

In my 10 years in the active-duty military, racism was scarce, so much so that when I left the military in 2007, I thought racism was dead. My naivety can be explained because, as a service member, my life often relied on the person next to me regardless of gender, religion, or ethnicity. I have no doubt that racism exists in the military; I just didn’t see it in my decade in the military.

Our nation has been called a melting pot because of the many nationalities and ethnicities that make up this great nation. But melting pot implies that everything becomes homogeneous, the same color and consistency. I prefer to think of America as a pizza, where separate ingredients are unique and distinct but contribute to a delicious whole.

Make no mistake. America is powerful because of its diversity, and the military is a cross-section of American society. Different people bring a wealth of different experiences and backgrounds that make it easier for us to adapt to a world that is changing faster than some nations can catch up. Servicemembers know, perhaps better than anyone, that mission accomplishment doesn’t care about race, religion, or gender.

Okay, I want to hire a Modern Veteran. Where do I start?

First of all, understand that the best candidate isn’t always a military veteran. Naturally, you should be looking out for the best interests of your company and the specific needs of the position. Resist the urge to just ‘hire a vet’ so that you can check off your politically correct box. Doing so sets the stage for turnover and does a disservice to both your company and the veteran candidate.

I’ve seen that many hiring managers don’t hire veterans because they believe some of the myths listed above. In addition, some managers are intimidated by someone who has had more training and responsibility as a leader than they have.

According to Tim Sackett SPHR, at Fistfuloftalent.com, most hiring managers can’t comprehend what really goes on in the military, but they understand the college experience, so they hire what they know. “When given the choice between the fresh young grad out of college or the military vet who just spent years defending our country, they’ll choose the college kid, almost always.”

Try this: Bring someone in who actually served in the military or is actively serving. Have the leadership at your company ask questions; destroy all the stereotypes associated with veterans. Tackle your own biases. When the smoke clears, you’ll have a better understanding of this amazing human resource at your disposal.

As if you needed more convincing, there is a fiscal benefit to hiring veterans as well. The Work Opportunity Tax Credit, known as the WOTC, reduces an employer’s cost of doing business. It requires little paperwork and applying for WOTC is simple. WOTC can reduce an employer’s federal income tax liability by as much as $9,600 per veteran hired. There is no limit on the number of individuals an employer can hire to qualify to claim the tax credit.

For more details on these credits, see the PATH Act – WOTC Interim Instructions on the Department of Labor website. Further information can be found in IRS Notice 2016-22.

You can begin your veteran candidate search at a number of places. A few options are Orion International, Hire Heroes USA, and Military.com, but perhaps the best place to start is a university. Jennifer Renee Pluta, assistant director of veteran and military families for Syracuse University says that “Employers who wish to create or strengthen their veteran recruiting pipeline should look to colleges and universities. This could be with existing institutions or [they could] seek new relationships with colleges and universities that strongly support veterans.”

American Military University is where I would start my search. This is where I earned my MBA and the majority of students are either active duty, veterans, or military spouses.

Ultimately, modern veterans are a business resource that will make your company more competitive. There is a long-term impact at play here: If the veteran unemployment rate is high, this might impact future military recruiting efforts for people that want to join the military but are worried that they won’t be able to get a job after their service ends. There is a patriotic angle too in that a veteran new-hire can warm up the typically cold business of HR. It’s a hire that you can definitely feel good about. What better way to say ‘thank you for your service’ than to offer a veteran a job?

The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.