Handling Issues in Singapore’s Import & Export Industry

Singapore is a top player in the global import-export trade. Yet, the sector has its own challenges. Import and export firms, for instance, are confronted with sudden changes in the world regulations rather than other industries. Fluctuating trade tariffs, and hurdles related to logistics also make it difficult for them to manage their work that requires the coordination of transport across different countries. Moreover, the major problem of labor shortage and high costs are the aspects that trouble the import & export and other sectors in Singapore. Apart from that, organizations face obstacles like technology integration and data management, the necessity of which no one can deny for operational efficiency and scalable growth.

The Contribution of HCM Systems to the Competitiveness of Import-Export Industry

Human Capital Management (HCM) systems can play a significant role in the success of the firms within the import-export sector. Being the versatile HCM system creates the possibility of running international operations in the most seamless way by providing the Integrated solutions for the staff management. Actually, the implementation of an effective HCM solution is a way of assigning reticence of complex scheduling duties; with it, the staff is settled to the shortage of employees during peak trading hours in several time zones.

On the other hand, the HCM platforms facilitate better data management and also help firms develop compliant systems, which become detrimental in a heavily regulated industry. In addition, the systems help business owners to be more intelligent by giving them the reflective information on data analytics, so the firms in Singapore can keep their strength in business. The corporations could have utilized the technology of HCM systems to manage labor costs in a better way through improved payroll processing, CPF contributions, and even service long payment calculations, thus increasing the overall performance of the business.

Manuals for Effective HCM Implementation

Starting the project of HCM implementation needs strategic planning. To begin with, the firms should carry out the extensive needs assessment to identify the particular HRIS features which are in sync with the organizational objectives. It is also critical to get stakeholders involved at each point of the process so that the system works for all departments.

Moreover, training the employees on the functionalities of the HR system is indispensable for maximizing its benefits. A phased approach to implantation taking different steps gives the chance to lessen the possible risks, whereas continuous channels of feedback will make sure that the system develops like the organization wished. , yes the right implementation is indeed the key for the revolutionized firm efficiency and the staff happiness

Outstanding Functions of Multiable aiM18 HCM System

Multiable aiM18 HCM system is the one to look for with its unique features that are meant for the local market in Singapore:

• Rule-based Workflow Engine: Automatic operations create and optimize rule-dependent tasks, hence, the improvement of operational efficiency is achieved.

• ISO:27001 Certified: The personal data is stored safely and encrypted with the latest technology available on the market.

• Intelligent Roster Planning: This feature provides compliant labor law solutions via flexible scheduling offers.

• Powerful Payroll Engines: Accurate and fast payroll calculations of a high number of employees, throw away the time waste and increase productivity.

• Unlimited Appraisal Forms: This feature allows organizations to alter performance appraisal forms as per the specific departmental needs.

Premium Compliance & Endorsement

Multiable HCM has received the official endorsement from IRAS, sweeping aside worries on its adherence to Singaporean standards for the Auto-Inclusion Scheme (AIS) concerning Employment Income. This recognition is a further reflection of the status of multiable aiM18 HRMS as a top-grade software and also it brings the much-needed peace of mind to those organizations that have compliance issues.

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.