Navigating Employee Benefits in GovCon

How to Build a Competitive Employee Benefits Package in GovCon

Is your Open Enrollment coming soon? It’s almost never too early to be thinking about your benefit options! Employee benefits play a pivotal role in attracting and retaining top talent in the competitive world of Government Contracting (GovCon). Determining the right benefits to offer requires careful consideration of various factors specific to the industry, such as compliance with government regulations, budget constraints, and the needs and expectations of employees. Let’s explore the key steps GovCons should take to determine employee benefits and provide practical tips for shopping for these benefits effectively.

Retention Versus Recruitment

While most Government Contractors (GovCons) agree that investing in relevant retention strategies will get them closer to a stable and high-functioning workforce, many ultimately devote more resources to recruiting than retention.

This may be because recruiting is a well-defined set of activities with a beginning, middle, and end. It involves activities such as job description development, job posting, resume screening, interviewing, and making job offers to the selected candidates. It begins with the need for a new employee and ends when that role is filled.

The Crucial Role of HR in GovCon Mergers and Acquisitions

The Crucial Role of HR in GovCon Mergers and Acquisitions

Mergers and acquisitions (M&A) in the government contracting (GovCon) industry bring forth significant changes and challenges for organizations. As the integration process begins after the sale closes, Human Resources (HR) assumes a crucial role in ensuring a smooth transition and maximizing the success of the merger or acquisition. In our previous blog, we discussed the importance of HR due diligence prior to the sale. Any HR due diligence items that were not completed prior to a merger or acquisition due to timing or lack of cooperation during the process should be conducted as soon as possible. Now, let’s explore additional key GovCon HR activities that are vital during the transition phase.

The Importance of HR in GovCon Mergers and Acquisitions

The Importance of HR in GovCon Mergers and Acquisitions: Preparing for Success

When it comes to mergers and acquisitions (M&A) in the government contracting (GovCon) industry, there are complex processes involved in integrating multiple organizations. While financial aspects and strategic synergies often receive the most attention, it is crucial not to underestimate the vital role played by Human Resources (HR). HR professionals are instrumental in ensuring a smooth and successful merger or acquisition by effectively managing various people-related challenges and facilitating a seamless transition for employees.