Overcoming the Common and Specific Issues in the Metal Industry in Singapore

Residing in Southeast Asia, Singapore’s metal, metalworking, and metal ware sector is a crucial pillar of the nation’s economic framework. The industry faces numerous unique issues, however, which hamper its growth and sustainability. One of the hurdles is a production process that requires careful balancing between precision maintenance and managing the lack of resources, which is a challenge that other sectors experience to a lesser extent. Material compatibility and the incorporation of various metal types at the same time make production even more difficult since the characteristics of some metals can cause unexpected problems. The additional cost and time for these firms to comply with the strict environmental and safety regulations are especially burdensome adaptations required of them.

The common parallels showing the underlying problems across sectors are very much in place. Workforce optimization is still a major hindrance that makes firms struggle to match workforce to production schedules. Apart from the issue with the human resource management system, the digital transformation remains a hurdle even if it is generally perceived as a liberator because of the merging of the old systems with the new HRMS technologies. Also, the constant global market price changes for raw materials did not spare the metal and metalworking industries that have to deal with financial unpredictability.

Modifying Work Processes with HCM Systems

In the era of these disputes, HCM or Human Capital Management Systems are presented as allies of transformation. These solutions of HRMS can ease several problems of the metal industry that are mainly related to workforce and compliance management. For instance, HCM systems give MNCs additional opportunity for roster optimization and thus, efficient deployment of workforce to meet the changing demand of metal production. Being centralized systems, they smooth CPF administration and other payroll matters significantly, thus assuring compliance with Singaporean regulations.

Additionally, the systems feature performance evaluation modules which provide accurate assessments and learning of skills crucial for specialized industries such as metalworking. HCM platforms besides minimizing redundancy via automating their menial tasks can thus let management devote their efforts to a strategic planning. Indeed, with the introduction of AI into HR systems, decisions can be made more efficiently by using predictive analytics on workforce requirements or long service payment forecasts giving essential information on employee retention procedures.

Necessary Steps for HCM Success

To guarantee the successful implementation of HCM systems, comprehensive planning and proper execution are needed. First and foremost, having the unique requirements of your metal industry through a needs assessment is very important to avoid missing on strategic goals while you choose a suitable HRIS. Involving employees in the whole process of implementation is the key to acceptance and adaptability culture.

Training sessions will equip staff with the required skills needed to use the system effectively. Furthermore, blending HRIS with existing technology can be done smoothly through cross-departmental collaboration in the roll-out process.

Features of Multiable aiM18 HCM System

The Multiable aiM18 system runs the most efficient HRMS developed specifically for your industry needs with the following features:

• Smart Roster Planning: Balances optimal workforce allocation with efficiency and compliance in scheduling.

• Rule-Based Workflow Engine: Automatically manages workflows, streamlining processes, and reducing administrative burdens.

• Customized Payroll Formula: Saves a lot of time by cutting down payroll customization through enhancing automation.

• Interface for Labour Law Compliance: Keeps strict fidelity to Singapore’s labor laws.

• Unlimited Appraisal Forms: In-depth and versatile offering in performance evaluations catering to needed assessments.

IRAS Approval of Multiable HCM

Multiable has been endorsed by the Inland Revenue Authority of Singapore (IRAS). Missing or incorrect declarations will always attract stringent penalties, as these issues affect the provision of a good and reliable service. Recognized as a top-grade HR system in the ‘Category of Software Compliance to Controls’ for the Auto-Inclusion Scheme (AIS), it reflects a benchmark in efficiency and compliance. IRAS approval guarantees firms reliable payroll support.

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.