Human Resources Improves your Company’s P&L!

Most people who are not in Human Resources look at this function in a few different ways.  It is the department that hires and fires people, the team that ensures your company has benefits and holiday parties. They are the team that we go to with our problems.  I, too, viewed HR this way for many years, mainly when I worked in Corporate America.

While working at BOOST, I‘ve had an epiphany of sorts. HR professionals help companies remain profitable! They tirelessly work to drive organizational change and keep a company compliant with the ever-changing laws, including federal, state, and local regulations, Government Contracting obligations, employee benefit requirements, and even the new trend in COUNTY level paid time off regulations. That’s right; it is not only the states that make laws that are prematurely making our HR team turn gray, but many counties also have additional paid time off regulations. Add all that to the tight labor market, and our HR professionals are more critical than ever!

If you want to ensure you maintain more of your company’s profits on your P&L, here are a few areas to focus on with HR professionals:

  1. Culture – Employees want to work at and be a part of companies with encouraging, enjoyable, and supportive cultures. HR can transform company culture only if the entire C-Suite is part of the process and buys in completely.
  2. Benefits – One of the top 3 reasons employees leave a company is poor benefit offerings. Make sure your benefits are not only competitive, but best in class, or you risk a higher employee turnover. We know benefits are also the 2nd most significant expense after wages, so ensure you offer benefits that your employees value the most.

A recent study asked employees to rate the importance of their benefits as “very important” to “not at all important.” This study showed the following percentage of employees surveyed felt the benefits offering was “very important” and influenced their choice of employer:

  • 93%: Strong 401K Plan
  • 67%: Paid Time Off
  • 63%: Health Insurance
  • 37%: Life Insurance

Based on the above findings, one can conclude that Paid Time Off is a more important benefit than Life Insurance to employees. Be sure to emphasize and spend wisely on the benefits your employees value.

  1. Learning & Development – If you are not growing, you are dying; that is the same with employee development. If you are not developing your employees, your company is slowly dying compared to your competitors.
  2. UPDATED Policies and Procedures – This doesn’t sound fun! Make sure your policies and procedures are updated regularly to meet the current needs of your employees. Having compassionate policies and procedures will allow your employees to know the “rules” and that they work for a caring company.  For example, many of your employees may have parents and grandparents who are baby boomers, and these baby boomers are not getting any younger. Having policies and support available to employees dealing with caregiving responsibilities or with a death of a loved one will be remembered; not having that support will also be remembered.
  3. Retention – Retention is not just a metric; it needs to be a strategy, or your P&L will suffer. Hire right, promote, and retain. Bad hires cost money, reduce revenue and punish the bottom line.

So how do all these things tie back to the P&L? It is simple – TURN OVER. Good cultures driven by the items above result in a lower turnover. Keeping your talented people allows you to take on and complete more projects per year, reduces recruiting costs by not having to replace team members, and encourages satisfied employees to refer their friends to your company. When you add all of that together, not only do your expenses go down, but your revenue goes up, and that is a real P&L improvement.

BOOST has a team of expert Senior HR Professionals that can provide SME-level, project Level, or day-to-day HR support.  Let us know how we can help you grow your GovCon business.

Remaining Current on Information Regarding COVID and the Workplace

Editor’s Note: This Article Has Been Updated September 9, 2022

In this time of uncertainty, information overload, not to mention public and political debate over what is the right course of action (and who is to blame for the mistakes of said actions), is rampant.  It is difficult to know exactly what is useful and accurate information, or even where to find it.

How Your GovCon Can Handle COVID

As fast as information is released, it is modified or changed altogether, making it extremely difficult for government contractor organizations to recognize which guidance to rely on.  Now more than ever is the time for GovCon business leaders to truly partner with their HR Professionals and corporate Safety Officers to ensure that information and changes to public edicts is communicated and implemented in a timely fashion.  Proactivity and readiness will ensure your workforce is well taken care of during this pandemic.  How your GovCon organization handles this pandemic will no doubt affect the morale and productivity of your workforce, not to mention your ability to engage and retain your employees.

Learn More About How BOOST Can Help Your GovCon Navigate The HR Needs In A Post COVID World: 

COVID Resources For GovCons

As mentioned, it is important to keep up with the latest information and choose a select few sources for reference.  The best course of action is to rely on a limited number of resources from reputable sources.  Sources such as the Centers for Disease Control (CDC), Occupational Safety and Health Administration (OSHA) and the Society for Human Resources Management (SHRM) have comprehensive, workplace-targeted resources and guidelines.

In addition to the above resources, you will want to follow the relevant state and local resources, as they are often targeted to the specific outbreak statistics and corresponding response remedies for the local area.  For example, if your GovCon is an employer conducting business in the Commonwealth of Virginia, you are required to provide employees with job-specific education and training on preventing the transmission of COVID-19.  The specific training that must be provided depends on the risk level employees face at work, as defined by the Virginia Occupational Safety and Health’s (VIOSH) Emergency Temporary Standards.  This training is required to be completed by August 26, 2020.

It is important to keep in mind that agencies such as the Equal Employment Opportunity Commission (EEOC) and OSHA have specific guidance with regards to testing, quarantining, handling employee complaints, and the fine line between exposure, illness, and those employees who are medically deemed as high risk.  In each of these situations, there is the potential for the integration of the Americans with Disabilities Act (ADA), necessitating an interactive discussion with the employee.

See Other Articles About COVID & GovCons Here.

COVID Knowledgeable HR Services For GovCons

Whether it be a Google Alert, a subscription to your employment attorney’s newsletters (let us know if you need a referral, we know some great ones), or simply checking your sources on a very regular basis, there are many ways to stay current.  The GovCon HR team at BOOST is also well versed in the latest COVID-related rules and regulations.  If you are looking for advice on how to navigate returning to the office, employee exposures, other questions about business continuity during the COVID pandemic, let’s connect!

Return to Work Plan: Not Business as Usual. (Webinar Replay)

On Tuesday, June 9th, BOOST’s CEO Stephanie Alexander moderated a digital panel discussing the transition of many businesses back to the workplace. As such, there are a number of important questions that employers need to be answered including:

  • What new legal requirements do employers need to consider?
  • What policies and procedures do employers need to implement before their employees step back into the workplace?
  • What do employers have to do versus what should they be doing?

In this discussion, we heard from Nichole Atallah and Sarah Nash of PilieroMazza PLLC and Mary Holmes of BOOST LLC.

You can catch the full replay here:

Post-COVID | What to Expect and the Future of Business


In this expert panel discussion recording, Stephanie Alexander is joined by:

Jim Campbell, President/CEO of AXIM Fringe Solutions Group,
Katie Bilek, SVP at Republic Capital Access and Co-Founder of govmates,
Leslie A. Stout-Tabackman, Attorney at Law, Jackson Lewis P.C., and
Lee Stokes, CEO/Founder of Compliance Services Agency

to discuss what you can expect for the post-COVID future of the GovCon industry.