Benefast Partners Hris Package: Flexibility and Focus Increases Performance
Benefast Partners HRIS Package:
Flexibility and Focus Increases Performance
Patricia Shedd
Dr. Mathew D. Gonzalez
Human Resource Information Systems (HRIS)-HRM 520
October 21, 2011
Benefast Partners HRIS Package:
Flexibility and Focus Increases Performance 1. IDENTIFY THREE CRITICAL SUCCESS FACTORS THAT BENEFAST PARTNERS SHOULD CONSIDER FOR ITS HRIS SYSTEM.
Three critical success factors that Benefast Partners should consider for its HRIS system are as follows: an analysis of its market, an improvement in its market strategy, and data analysis to guide the planning of both long term and short term goals. (Critical, 2011)
Benefast should begin with an analysis of its market and comparable institutions. They must be able to identify profitable market niches that will enable it to grow. Demographics, cost analysis, and potential growth factors into all of its decisions.
Once the market has been studied, a strategy must be created that will show how the organization will continue and develop within its market. Also within its strategy, Benefast may include a plan for transitioning into other markets as well. HRIS will be the key to gathering and organizing data to support strategic action.
Finally, data analysis will be used to guide all decisions aimed towards long and short term goals. Short term goals will help support the quick wins that are necessary to keep a company afloat. Oftentimes a string of short term goals either becomes or at least supports the long term goals. Data analysis must be a continuous process along market analysis and strategy so that an organization can adapt to an ever changing environment.
2. BASED ON THE INFORMATION IN THE CASE, EVALUATE BENEFAST PARTNER’S STRATEGY
Based on the information in the case, Benefast Partner’s strategy is ill-equipped to handle the constant need for change. Their strategy focused on inheriting business from rich companies that required low maintenance. (Kavanagh &
Flexibility and Focus Increases Performance
Patricia Shedd
Dr. Mathew D. Gonzalez
Human Resource Information Systems (HRIS)-HRM 520
October 21, 2011
Benefast Partners HRIS Package:
Flexibility and Focus Increases Performance 1. IDENTIFY THREE CRITICAL SUCCESS FACTORS THAT BENEFAST PARTNERS SHOULD CONSIDER FOR ITS HRIS SYSTEM.
Three critical success factors that Benefast Partners should consider for its HRIS system are as follows: an analysis of its market, an improvement in its market strategy, and data analysis to guide the planning of both long term and short term goals. (Critical, 2011)
Benefast should begin with an analysis of its market and comparable institutions. They must be able to identify profitable market niches that will enable it to grow. Demographics, cost analysis, and potential growth factors into all of its decisions.
Once the market has been studied, a strategy must be created that will show how the organization will continue and develop within its market. Also within its strategy, Benefast may include a plan for transitioning into other markets as well. HRIS will be the key to gathering and organizing data to support strategic action.
Finally, data analysis will be used to guide all decisions aimed towards long and short term goals. Short term goals will help support the quick wins that are necessary to keep a company afloat. Oftentimes a string of short term goals either becomes or at least supports the long term goals. Data analysis must be a continuous process along market analysis and strategy so that an organization can adapt to an ever changing environment.
2. BASED ON THE INFORMATION IN THE CASE, EVALUATE BENEFAST PARTNER’S STRATEGY
Based on the information in the case, Benefast Partner’s strategy is ill-equipped to handle the constant need for change. Their strategy focused on inheriting business from rich companies that required low maintenance. (Kavanagh &
References: Critical Success Factor. (2011). Retrieved from http://en.m.wikipedia.org/wiki/Critical_success_factor. Accessed on October 19, 2011. Human Resource Information Systems. (2011). Retrieved from http://www.referenceforbusiness.com/management/Gr-Int/Human-Resource-Information-Systems.html. Accessed on October 20, 2011. Kavanagh, Michael J., & Thite, Mohan (2009). HRIS Needs Analysis. Human Resources Information Systems: Basics, Applications, and Future Decisions. 79-98.