In time for Veterans Day, Victory Media released its 11th annual report of the most military-friendly private-sector companies in the U.S. According to Forbes, the index takes into account the long-term hiring practices of more than 5,000 companies, as well as veterans, military spouses and National Guard and Reserve members recruiting programs. 

"We hear from veterans that it's impossible to research the thousands of companies that might be military-friendly," Victory Media CEO Sean Collins told the news source. "Our objective is to present a transparent, data-driven list of pre-vetted institutions for service members to start their job search and find the best fit for them."

The news source stated that to make the list, private companies must have a yearly revenue over $500 million. 

Union Pacific Railroad, Verizon Communications, ManTech International Corporation and AlliedBarton Security Services were among the top 10 most military-friendly companies. According to the news outlet, about 20 percent of the Union Pacific Railroad workforce is made up of veterans. Meanwhile, a statement released by Verizon claims that it currently employees 12,000 veterans. The company has also set up a special website equipped with a military skill matcher for former servicemembers looking for employment opportunities. 

Victory Media's military-friendly index can be beneficial for veterans attempting to re-enter the workforce, considering that the unemployment rate for Gulf War era-II veterans is currently at 11.6 percent, according to data compiled from the U.S. Bureau of Labor Statistics.