Driving through the intricacies of the furniture sector in Singapore demands creativity and flexible management. Here is how the use of Human Capital Management (HCM) systems could provide solutions to both common and niche sector problems.

Which Challenges Are the Furniture Sector’s Own?

The furniture sector in Singapore has to deal with problems such as hefty operational costs for spacious showrooms. To add to this, the custom-made underlying materials of many furniture pieces require complicated logistics and inventory management. Quality control is still particularly a matter of concern for locally produced goods.

Moreover, the industry also contends with issues such as labor scarcity and volatile material prices, as it is with the rest of the industries. Thus, the provision of a solid system for human capital and resource management will have a substantive effect on how well these challenges are addressed.

How Does HCM Systems Support The Furniture Sector?

With HCM systems in place, the manual work on the administrative tasks is cut off allowing for the automation thus reducing the operational costs. Consequently, this aligns human resources output to the business objectives leading to a more effective workforce management and satisfied employees. Actually, HCM systems work together with rostering and payroll processes to deliver efficiency.

It’s clear that HCM systems are also the best enablers as they provide data-driven insights to improve personnel performance. Proper implementation of performance appraisals plays a significant role in keeping good talent in a competitive market like Singapore. On top of that, a flexible HR system aids in compliance with local regulations such as CPF contributions.

What Are the Top Principles of Just-in-time HCM Implementation?

The drive to implement HCM successfully should be the clarity of communication of goals and provision of training. Choose a scalable platform whose features correspond with business needs, that is paramount. Plus, continuous feedback loops during the deployment process are the ones to make any transitional periods smooth, thus contributing to tool effectiveness and user adoption.

How do the distinctive elements of Multiable aiM18 overcome challenges?

• Rule-based workflow engine: Manages operations efficiently, diminishes complex logistics.

• Unlimited dimensions of headcount: Paves the way for solutions to recruitment shortages by the way of workforce scaling.

• Roster planning algorithm: Automates schedule planning, increases workforce management, important in changing markets.

• Payroll engine: Speeds up payroll processing thus, cost-management is far better.

• Flexible appraisal score mechanism: Makes performance appraisal and talent retention easier.

What Is the Necessity of Complying with e-MPF?

Multiable aiM18 HCM is an e-MPF approved system, verifying its adherence to Mandatory Provident Fund (MPF) and Inland Revenue Department (IRD) stipulations. Besides, it supports CPF contributions and IRD compliant documents, therefore, easing the burden on firms from elaborate statutory obligations.

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.