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Wordcount: 1350
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Fidelity and IBM: A Perfect Match
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Fidelity Investments, well-known as one of the largest mutual fund companies in the United States, announced in July 2002 that it would be managing the benefits section of the human resources department of International Business Machines Corporation (IBM). The outsourcing of human resources to another company would benefit both Fidelity and IBM, but would specifically be advantageous to IBM for three main reasons. First, by entering into a joint venture with Fidelity, IBM would be able to expand its business by increasing its customer base while at the same time save itself money by reducing payroll. Next, IBM could start to provide better and more efficient service to its employees and its customers by providing them with a company that
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