Planning the Needs of Other Organizations
Identify three critical success factors that Benefast Partners should consider for its HRIS system.
Three critical success factors that Benefast Partners should consider as a part of their HRIS system, these include that of having multiple partners, having a retirement plan for all employees and to have more of a Web interface available (Kavanagh & Thite, 2009, p. 98). When all of these are in place, the organization will run smoother, and have the capabilities of meeting the needs of those that are employees and customers better on a regular basis. Without considering these possibilities, the company will continue to lose money, and people will not have a retirement plan if one should go that route in the future. In essence, he or she would have to continue to work in order to save up the money, instead of having a 401(k) available to accumulate the necessary funds to make this possible. Regardless, the goal of a person is to meet the needs of others internally and externally; however, at the rate Benefast Partners is going, they are more likely to go under in the years ahead if they do not make it work and soon for each individual who works or consumes what is available to them.
2. Based on the information in the case, evaluate Benefast Partners' strategy.
Benefast Partners strategy is to have retirement plans for those that are Fortune 100 companies. They are reaching the small organizations that are in need of their services. In fact, their market also includes those that are mid-sized...
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