Attacking the Challenges of Singapore Renewable Energy Sector with HCM by High-Technology HR Solutions

As Singapore nurtures its reputation as a center for innovation, it is the renewable energy sector that continuously faces a particular set of challenges unlike any other industries. Curiously, these problems intersect with broader issues that happen in different branches, thus indicating the importance of excellent human capital management (HCM) strategies. What are the advanced HR solutions, especially the latest HCM systems, that could equip the firms with tools to overcome such obstacles? Stay with us to find out how the ICT convergence of firms in Singapore can become the trigger for their success.

Read also: Technologies → Business Opportunities

Individual and Common Problems in Renewable Energy

High cost of project development which is a significant challenge for the renewable energy sector is not a concern in other sectors. Power grid integration’s complexity is the other unique one in which additional skills and advanced planning are required. Also, the unreliability of nature that the industry relies on puts it at high risk. On top of that, environmental regulations that often feel like turning the tables become the driving force.

At the same time, the industry has some challenges in common with the broader business community in Singapore. Finding competent staff has become a burning issue due to a lack of workers and the necessity of constant reskilling that is rooted in the rapid pace of technological progress. Furthermore, managing divergent teams across different static structures globally and unifying them with the organizational objectives is a dire issue that several sectors had encountered, thus emphasizing a need for sturdy HRMS.

Replicate the Sector-Problem Facing HCM Systems

In fact, the intricate HCM systems are unrivaled in addressing the challenges that the two have in common and the two that they have individually. Not only the efficiency but also the edge that is created by these solutions promises the breeding of innovation, even amidst the tough challenges in the renewable energy sector.

Because of the specific modules of advanced HRMS software, the firms are left with the facility to design workflows effectively which in return they can use in the management of projects with high costs.Intelligent HR system features which are AI driven by nature are those by which firms are capable of scenario modeling and simultaneously change rules thus avoiding risks of non-compliance.

Besides that, HCM systems are the tools that bring about the concern of efficient rostering and distributing teams among various locations, which is a management problem, in order to enhance productivity. Also, the investment in these systems goes for recruiting and upskilling through the smart hiring of people and by training them in such a way that they become capable of filling the specialized skills void in the workforce.

Guidelines for a Successful HCM Implementation

It goes without saying, for the HCM system’s successful implementation, there are some detailed approaches and methods involved. It is paramount to start with aligning the HCM system’s goals with the firm’s larger objectives. Secondly, it is necessary to make sure that your HR team is trained thoroughly about the HRMS operations for them to carry out a smooth transition. Lastly, keep a continuous check on the system’s performance and evaluate it effectively so that you can respond quickly to the pressures that new industries create.

Multiable aiM18 HCM System Key Features

The Multiable aiM18 HCM system packs a variety of functionalities that are aimed at problem-solving within the renewable energy sectors:

• Rule-based Workflow Engine: Provides efficient project management by automating complex operations, thus saving costs.

• ISO:27001 Certification: Protects personal information to maintain compliance with stringent data protection regulations.

• Intelligent Roster Planning: Improves the management of fractional teams by ensuring productivity and local labor law adherence.

• Fully Customized Payroll Formula: Ensures accurate CPF disclosures while minimizing the cost and effort in payroll calculations.

• Unlimited Appraisal Forms: Allows bespoke regularity appraisals, thus getting the workforce in line with the strategy.

Multiable HCM: the Best-recommended HR Solution

The Multiable HCM is also certified by the Inland Revenue Authority of Singapore (IRAS), due to its compliance with the Auto-Inclusion Scheme (AIS) for Employment Income. This is a clear indication of its credibility and is a sign of the top quality it holds as a top-tier HRIS.

What is Multiable HCM?

Multiable HCM is a cloud-native HCM (aka HRMS, HRIS or HR system). With over 6,000 customers, Multiable HCM gains positive feedbacks from customer across different sectors, from manufacturers, distributors, retailers, service providers to NGOs. The renowned no-code approach saves customer a big sum of customization costs and countless hours of implementation man-days.

What is LAIDFU (Let AI Do for You)?

LAIDFU is an AI tool for enterprise to build their own AI agents to perform various business AI tasks.

Proprietary EKP (Enterprise Knowledge Partitioning) technology eases CEO’s concern about trade secret leakage which often occurs in most AI agents / chatbots in the market.

EKP removes the hurdle of business AI adoption by most companies in using sensitive corporate data.

Powered by no-code approach, deployment of LAIDFU incurs far less developers (and development costs) in comparison with other AI tools.

LAIDFU empowers business, with or without an HCM system in place.