Final Answer:
The most cost-effective and efficient HRIS system components for Targus Inc. would be payroll and benefits administration only. Therefore, the correct answer is D) payroll and benefits administration only.
Step-by-step explanation:
Implementing a comprehensive enterprise-wide system with many HR modules (option B) might be overly complex and costly for a mid-size retailer like Targus Inc. Additionally, generic software applications like Microsoft Excel (option C) lack the specialized features needed for HR functions. On the other hand, focusing on payroll and benefits administration (option D) streamlines processes essential for Targus Inc.'s HR needs without unnecessary complexity or expenses.
Payroll and benefits administration are crucial HR functions, and dedicated systems for these areas can significantly enhance efficiency. Calculating the cost-effectiveness involves considering the licensing, implementation, and maintenance costs of the system compared to the potential time and resource savings. With a mid-size business, a targeted solution like payroll and benefits administration is likely to provide the necessary functionality while remaining cost-effective.
Moreover, concentrating on specific HR functions aligns with the retailer's priorities, addressing immediate needs without overburdening the organization with functionalities it may not fully utilize. This approach ensures a focused and efficient HRIS system that suits the scale and requirements of Targus Inc., contributing to streamlined operations and improved overall performance.
Therefore, the correct answer is D) payroll and benefits administration only.