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Employee Benefits Operational Plan

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Submitted By michvz
Words 2288
Pages 10
August 2014 ~ v1.0
August 2014 ~ v1.0
Employee Benefits Operational Plan

Employee Benefits Operational Plan

Contents Contents 2 1. Introduction 3 2. Context 3 1.1. Environment 3 1.2. Industry 4 1.3. Stakeholders 5 1.4. SWOT 6 3. References 9 4. Annexures 10 8.1. Annexure A: PESTEL analysis 10 8.2. Annexure B: Porter’s Five Competitive Forces 11 8.3. Annexure C: SWOT analysis 12

1. Introduction
The Employee Benefits operational plan sets out the short-term objectives for the business unit (also referred to as company) for the next 12 months. It aims to identify what needs to be accomplished in order for the company to meet its strategic objectives and it does so by identifying and outlining those activities that need to be implemented.

2. Context
The following section provides background for the focus, decisions made and activities selected in the operational plan for Employee Benefits.

1.1. Environment
An environment analysis focusses on the external and uncontrollable factors that influence an organisation (Peters [sa]). PESTEL is a common macro environment analysis tool which looks at factors from political, economic, sociocultural, technological, environmental and legal aspects and Vitez (2014) explains that such a macro environmental analysis helps create a strategy that leverage as many of these external factors as possible to the company’s advantage.

The PESTEL analysis for Employee Benefits has identified the following major external factors which need to be considered by the company:

Table 1: Macro factors Aspect | External Factor | Comment | Economic | Money supply | Typical group benefit programs require the employer and/or employee to contribute towards scheme premiums. If money supply is low as a result of poor market growth, recession, downsizing, retrenchments etc. then the

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