Harness Success With an HCM Built for Government Contractors

The Great Resignation. Skill shortages. Quiet Quitting. These are phrases we’ve heard time and time again, many since the beginning of the Covid19 pandemic. While some may question the continued relevancy of these terms, they do in fact point to pervasive challenges that employers are actively contending with. As over half of American workers think about quitting in 2023, many employees identify themselves as clocking in to do the bare minimum, and 69% of polled HR professionals believe their company has a gap between skills held and skills needed (increasing a whopping 14% from the year prior), the labor market remains in a unique state of flux. As these trends continue and even more crest the horizon, the realities of managing a workforce today are clear – finding and retaining the talent and skillsets needed to meet business demand is harder than ever.

For government contractors, these challenges can feel even more acute. Among regulatory pressures, budget concerns and the consistent demand for firms to effectively position themselves to win new contracts, having the right people on your team is critical to project success. From ensuring you’ll have the resources available to staff recently won contracts, to retaining employees throughout the lifecycle of that project, to considering your workforce’s ability to handle future contracts, ensuring the lifecycle of your employees is aligned to the lifecycle of your projects is paramount. Additionally, abiding by strict compliances such as DCAA (Defense Contract Audit Agency) Total Time Accounting, VETS-4212, and OFCCP (Office of Federal Contract Compliance Programs) requirements – to name just a few – is necessary for meeting the regulations set forth for government contractors, with a lack of oversight leading to failed audits, fines and poor market reputation.

To address the challenges faced by government contractors, it is essential to employ appropriate tools. Unfortunately, many firms make the mistake of relying on inadequate solutions such as generic Human Capital Management systems (HCMs), or even worse, using manual processes or Excel spreadsheets. These piecemeal systems can result in disparate workforce and business data, misaligned strategies, and error-prone or duplicative processes, that can lead to potential disasters.

Businesses may experience decreased productivity and profitability when utilizing frameworks that are not designed to withstand the rigorous GovCon regulation and audit process, lack integration with a trusted industry-specific ERP such as Deltek Costpoint, and are not connected to a strong ecosystem of vetted industry-specific tools and partners, ultimately resulting in a disservice to these firms.

An HCM built for Government Contractors

With decades of experience delivering solutions built to manage profitable projects for government contractors, Deltek understands the nuances of your business. This subject matter expertise, coupled with proven success developing and deploying solutions trusted by 93 of the top 100 government contractors, is what allows us to deliver a powerful HCM, designed to meet your unique industry-specific requirements. Built for the project lifecycle, industry compliances (such as DCAA, NIST 800-171, and more) and cohesive and consistent experiences between human capital tools and your Costpoint ERP, Deltek’s HCM for government contractors delivers a unified system to help you win the war for talent.

From the time you win a contract, Deltek Costpoint delivers advanced resource planning and schedule analytics to keep you compliant with federal regulations and control costs. When it comes to managing the workforce that will deliver on your projects, our Costpoint People HR module keeps all your critical HR data in one place for streamlined administration and labor tracking to meet DCAA time keeping requirements.

Finally, Deltek’s modern Talent Management suite provides you with everything needed to ensure you have the right people at the right time to meet demand and deliver success for this project and the next. With acquisition tools that help your team nurture, hire and onboard quickly for faster billable utilization, performance and development tools built to retain and grow your people, and a learning module that provides employees with easier access to trainings and options for continued education, your firm will have access to everything needed to provide the experiences your people expect.

Additionally, Deltek’s HCM for government contractors is built on a foundation of system compatibility – meaning you’re able to save time in the hiring process, remove errors and duplicative processes, and be audit ready by seamlessly syncing data. The value of harmonized data and technology to obtaining business success cannot be ignored. With our seamless integration between systems, your firm’s data is streamlined between Deltek Costpoint and Deltek Talent Management solutions – allowing your firm to automate manual processes and focus on business objectives.

With people being one of the most important factors in your ability to successfully deliver projects, you certainly wouldn’t want to take a chance on attracting, retaining and managing that talent. Choose solutions built for you with Deltek’s HCM for government contracting and gain access to the tools you need to streamline HR administration, conduct workforce management, and deliver modern talent experiences that employees expect.