Through a five-year blanket purchase agreement, the U.S. Treasury is authorized, but not guaranteed, to spend up to $20 million on software and services from Cornerstone depending on actual task orders received from the federal government. Initial task orders include deployments for the U.S. Treasury headquarters' departmental offices and the Office of the Comptroller of the Currency.

The U.S. Treasury, which employs more than 162,000 people, operates the HR Connect Program Office (HRCPO), an organization within the U.S. Treasury's Office of the Chief Information Officer. As one of six federal shared service centers for the civilian sector of the federal government, the HRCPO implements and maintains information-technology solutions that create HR efficiencies throughout the federal government and enable managers to achieve their human-capital goals. In addition to the U.S. Treasury, the blanket purchase agreement gives other federal agencies the ability to deploy Cornerstone's SaaS solution in their organizations.

The US Office of Personnel Management predicts that 241,000 federal employees will retire by the end of fiscal year 2012, and that one out of every three federal employees will retire by 2018. With this in mind, the HRCPO felt it was critical to be more proactive when it comes to addressing talent gaps, developing leadership pipelines, and retaining top-performing employees across federal agencies.

Using Cornerstone's solution will allow the HRCPO to collect and provide better intelligence about the organization's large, geographically distributed employee base, in turn helping agencies to make smarter, more strategic decisions about its people and be better prepared for the workforce changes ahead.