Exelon Corporation, U.S. Army Partner to Create Job Opportunities for Veterans
Energy company joins Army PaYS to create paths to career success for talented young enlistees
CHICAGO & WASHINGTON--(BUSINESS WIRE)-- In an effort to help young Army soldiers get good jobs after they complete their military service, Exelon Corporation and the U.S. Army yesterday signed an agreement to partner in the Army Partnership for Youth Success (PaYS) program at a ceremony at the Pritzker Military Library.
Lt. Colonel Robert Kaderavek (left) of the U.S. Army and Exelon CEO Christopher M. Crane sign an agreement designed to create job opportunities for Army veterans when they complete their service on Aug. 8, 2013, at the Pritzker Military Library in Chicago. (Photo: Business Wire)
"The problem of veteran unemployment is real, and employers are well served to consider job candidates who have military experience," said Christopher M. Crane, Exelon's president and CEO, who addressed Army representatives and Exelon veteran employees at the ceremony. "For Exelon, hiring qualified veterans makes good business sense, because they often leave the military with the right skills and values to succeed in our business."
Under the PaYS program, the U.S. Army forms strategic partnerships with U.S. corporations and public sector agencies to help the Army attract talented young recruits who want to serve their country and to help ensure their future career success when their service is complete.
"This PaYS signing between Exelon and the Army is a great partnership ensuring that Soldiers are not only provided for while serving this great Nation of ours, but also while they return to the communities that they came from," said Lt. Col. Robert Kaderavek, who represented the U.S. Army at the signing ceremony.
Enlistees who participate in the PaYS program gain specific job training and qualifications during their military service to help prepare them for post-military careers. By signing on as a PaYS partner, Exelon has committed to considering qualified program participants for future positions with the company.
"We believe that a diverse and inclusive workforce makes our decision making smarter and our business stronger, and veterans bring experience and perspectives that add to that diversity," Crane said. "We look forward to considering individuals with Army experience for positions at Exelon as they transition into civilian life."
The PaYS partnership is the latest addition to Exelon's strategy to recruit, hire and develop military veterans. The company hired nearly 200 veterans in 2012 and approximately 170 in the first seven months of 2013, and regularly recruits at military-specific career fairs. Exelon also committed to making military personnel more than 10 percent of its new hires over two years when it joined First Lady Michelle Obama's Joining Forces initiative in August 2012 - a goal Exelon has exceeded so far.
In 2009, the company established Exelon Militaries Actively Connected (EMAC), an employee-led resource group for veterans, military supporters and employees in reserve units. EMAC is Exelon's fastest-growing employee group with more than 600 members in Chicago, Baltimore and Philadelphia.
Exelon Corporation (NYS: EXC) is the nation's leading competitive energy provider, with 2012 revenues of approximately $23.5 billion. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with approximately 35,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. The company's Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon's utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).
Army PaYS is a strategic partnership program between the Army and a cross section of U.S. corporations and public sector agencies. The program was developed to help the Army attract, train and deploy talented young people who want to serve their country, but also want to help secure their future success once their Army service is complete. Employers that sign as corporate partners in PaYS agree to consider appropriately qualified soldiers leaving Army service for positions at those companies. Under terms of the agreement between USAREC and its PaYS partners, enlistees interested in gaining specific job training and qualifications will receive that training while in the U.S. Army. Participation by the company, soldier and Army is secured with an agreement that gives the Soldier priority consideration in the employment process. However, the company reserves the right to determine whether to ultimately hire the PaYS soldier. For more information, visit http://armypays.com.
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