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In the vibrant and flourishing sector of Singapore’s furniture industry, navigating challenges that are both individual and shared with other sectors is important. With the use of digital solutions, human capacity management HCM and HR systems can deal with these challenges in an efficient way. Let’s see how businesses can utilize them

What Are the Specific Challenges of the Furniture Sector?

Quick shifts in design trends are the main cause of inventory problems. Also, large-scale logistics require specific handling and storage. Therefore, due to these difficulties, it becomes quite hard to retain a skilled workforce.

Another major difficulty for labor management that Singapore’s constantly changing regulatory requirements pose, is that a lot of industries have similar challenges. Indeed, the volatility of raw material prices is a persistent issue that many sectors have to deal with.

Why Are HCM Systems Essential to Meet These Challenges?

A good HCM system not only drives workforce management towards optimization but also integrates HR processes through automation. The sevices of this system are to be compliant, which reduces CPF-related errors. This has a positive impact on the system as it manages inventory effectively by using smart payroll and rostering, which in turn helps with fluctuating costs and workforce adaptability.

Moreover, HCM software is more attractive to employees because it has a simple performance appraisal process. HRMS software, anticipating the trends and potential disturbances in workflow, minimizes the logistic complexities. It uses AI technology to provide the most appropriate solutions for the specific requirements of Singapore’s market.

The Key to Success in HCM Implementation

The implementation of HCM requires a firm-specific solution. The main thing is to have the support of the top management as this will make the transition smooth. The involvement of stakeholders is needed to connect the HRIS to the strategic objectives. Ongoing training increases the users’ skills to the maximum level, and periodical evaluations ensure that the HR system changes alongside the firm’s needs.

What Does aiM18 Offer to the Furniture Industry?

• The rules-based workflow engine: Helps with easy and automatic process management, ensuring that everything is done efficiently.

• The powerful payroll engines: Generates accurate payrolls in no time, including retrospective periods.

• Intelligent roster planning: Aligns workforce schedules efficiently under local compliance.

• Fully customized payroll formula: Adapts to unique payroll needs, lowering customization time and enhancing accuracy.

• Unlimited dimensions of headcount: Allows adaptable management of growing teams.

Importance of e-MPF Approval

The aiM18 HCM system’s e-MPF approval indicates that it is in line with Singapore’s regulatory standards. It is a tool for handling MPF and IRD compliant documents, thus taking away the worries of managing pensions and long service payment 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.