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High-Growth Government Contractor News is published monthly by Pleasant Valley Business Solutions (PVBS) for fast-growing companies that provide services and/or sell products to the Federal Government. Submit articles to newsletter@pvbs.net. Contact PVBS at sales@pvbs.net.
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In this Month’s Newsletter
We recently sponsored an eye-opening event for fast growing government contractors on “How to Reach the Next Level” with our partners Goodman and Co. and Rutherfoord earlier this month. The room was filled with executives looking for tips on how they should be modifying their behavior as they win new contracts, hire more people, and pursue bigger opportunities.
John Sweeney of Rutherfoord stressed the need to look for growing diversity in scope of work, added layers of supervision, new facilities with associated requirements, and pending mergers or acquisitions. At this point, you can respond early, focus on the total cost of risk and act to build the foundation upon which your growth will continue.
Ken Bricker at Goodman and Co. is a frequent speaker at industry events and a world-renowned expert on FAR and DCAA compliance. One of his key messages was the need to pay more attention to expanding compliance issues as companies ascend to the next level. He stressed that this knowledge needs to extend across the organization.
Paul Skurpski, PVBS VP of Sales and Marketing, noted a common thread being the need to continuously improve your people and processes. As it relates to your people, two of our partners, Helios HR and TriNet, present advice below on HR items for government contractors to consider such as "Principles for Building an Effective Human Capital Plan" and how the "Fair Labor Standards Act (FLSA) operates." Let me know what you think.
We wish you a happy Memorial Day weekend.
Sincerely,
Bernard Mustafa
CEO, PVBS
www.pvbs.net |
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 Fair Labor Standards Act (FLSA): What You Need to Know
This article was submitted by Samantha Byrd, HR Business Partner, Helios HR. Helios HR will announce the winners of its annual Apollo Awards on June 3 at the Fairview Park Marriot in Falls Church, VA. To register, visit 2010 Apollo Awards.
If you are a government contractor, whether you have 15 employees or 1500 employees, you need to understand the federal Fair Labor Standards Act (FLSA). Government contracts are heavily regulated, and if a contractor fails to comply with the complex array of government contracts laws and regulations, liability can be substantial.
The difference between exempt and non-exempt employees is who gets paid overtime and who doesn't. Not knowing the difference between these categories could cost you a lot of money. Employees who qualify as "exempt" are exempt from overtime regulations (and minimum wage laws), whereas "non-exempt" employees must be paid for every hour of overtime they work. Read More » |
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 Greater Washington Gov’t Contractor of the Year Nominations Close June 10
The Greater Washington Government Contractor Awards is the premier celebratory event honoring the leadership, innovation, and commitment to excellence of the people and businesses in the region's government contracting community. PVBS, in conjunction with Microsoft Dynamics, has been a proud sponsor of the program for years. The 8th Annual Greater Washington Government Contractor Awards will be announced at an evening gala on November 3 some have dubbed the “Academy Awards of government contracting.”
Contractor of the Year Awards are presented to a Greater Washington-area government contractor for distinguished financial and operational accomplishments and for outstanding contributions to its employees, the government contracting industry and the U.S. Government in the past year. Four awards will be presented in this category, stratified by gross annual revenue using the most recent fiscal year-end revenues:
- Contractor of the Year (less than $25 million)
- Contractor of the Year ($75 million to $300 million)
- Contractor of the Year ($25 million to $75 million)
- Contractor of the Year (greater than $300 million)
Numerous PVBS customers have been recognized in the past and we encourage all of our government contractor customers and partners to nominate themselves. |
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 10 Principles for Building an Effective Government Contractor Human Capital Plan
TriNet (www.trinet.com) is a San Francisco-Bay Area based provider of HR outsourcing and consulting services to small and medium-sized companies throughout the United States and Canada. Contact Doug Bailey at doug.bailey@trinet.com for more information.
Almost every business leader will say that people are their most important asset, but few do anything about it. If you are going to take this principle seri-ously then human capital planning is crucial. The Human Capital Plan is an important tool that organizations use to drive focused actions that can ensure goal achievement and business success. It allows organizations to assess, plan for, and respond proactively to its human capital challenges and needs. It helps shape the organization by building a plan to develop the workforce and practices needed to meet an organization’s vision, mission, and goals.
Human capital challenges such as having capable leaders, building workforce skills, driving high per-formance, and ensuring retention of top talent can be addressed through effective human capital planning. The Human Capital (HC) Plan will establish a frame-work of policies, practices, and actions that guide your efforts in meeting these workforce needs.
Here are 10 principles to follow in order to build an effective human capital plan for your organization. (PDF) |
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 Bill Aims at Tax Scofflaws
This article was submitted by Warren Corbett, Managing Editor, Set-Aside Alert www.setasidealert.com.
Contractors would be required to certify that they don’t owe significant back taxes under legislation approved by the House. The tax provision is part of a major overhaul of defense acquisition practices, but it applies to all agencies. The House approved it April 28 by a vote of 417-3. It now goes to the Senate. The provision would require contractors to certify that they do not owe delinquent taxes of more than $3,000 at the time they bid on a contract. In January President Obama ordered the Treasury Department and the Office of Management and Budget to develop a plan to block contracts to tax scofflaws. He said federal contractors owe more than $5 billion in delinquent taxes. (Set-Aside Alert, 2/5)
The IMPROVE Acquisition Act, H.R. 5013, also calls for the Defense Department to increase its outreach to “nontraditional suppliers…of all business sizes,” companies that have not previously sought defense work. The Armed Services Committee’s Panel on Defense Acquisition Reform said small and mid-sized companies could be a source of innovation as well as increased competition. The bill aims to increase accountability by both defense acquisition personnel and contractors. Many of its provisions are aimed at services contracts, which now account for the majority of defense procurement dollars. The Acquisition Reform Panel said DOD policies are geared for buying weapons systems rather than services.
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