Overcoming Adversities in Electrical Appliances Sector of Singapore

Framed by the complexity of Singapore’s electronic household appliances sector, a few issues are particularly distinctive to this area besides others. To be specific, a major challenge is the quickening pace of technological integration. Different from other fields, electrical appliance enterprises shall always continue to be at the forefront of new ideas and integrate the latest technologies in everything from their operations to their products to remain in the game. To add to the pile, the rapid change in consumer choices demands frequent innovations in design and functionality, which are pressures not as significantly felt by other sectors. Moreover, heavy energy efficiency and safety regulations are the causes of trouble for the activities of these firms.

Unbelievably, not all setbacks are limited to the electrical appliance sector alone. The businesses in Singapore encounter common hurdles such as the strain on staff due to retention in a rat race scenario and the everlasting urge to save costs effectively. In addition to that, the ever-increasing requirement of legal compliance is an essential phenomenon across all sectors of the economy.

HCM System Will Disrupt Beneficially

Installing a strong Human Capital Management (HCM) system is one of the moves that can alleviate multiple such challenges. For example, a HCM that is well designed can even bring the integration of tech to the firm to the next level by ensuring proper handling of staff training and development. The advantages here do not end.

An HCM system is a best friend to firms that are in a battle for talent, it improves the recruitment process making sure that the right people are placed in both technical and managerial positions. Moreover, payroll management and benefits, payment of long service in particular, is a major strain in the responsibilities. It directly affects the satisfaction of employees and consequently, the organization experiences less turnover of competent employees. Not only that, but the system is also instrumental in the management of costs, providing analytics and insights that may shape the whole organization’s financial decision-making servicing. It’s hardly a secret that great HCM systems bring a renaissance of operational efficiency results, by aligning the firm’s human resources practices to the most crucial of the business goals.

Successful HCM Implementation Guidelines

To have a successful HCM system in place, some rules are to be followed. A good start is to connect the functionalities of the HCM with the firm’s strategic goals. Involving stakeholders as part of this presupposition brings buy-in and supports the transition. A footstone is the arrival of strong training programs that assure the HR and management teams’ competence in the system features to their fullest. In addition, the periodic updates on the functioning of the system through feedback loops involving all users can prove beneficial in driving periodic enhancements to the organizational structure.

Top Features of Multiable aiM18 HCM System

Multiable aiM18 HCM is the HCM solution for Singapore enterprises targeting top quality in HR operations with the super features it brings:

• Rule-based Workflow Engine: programs HR with ease and integrates the high-tech naturally.

• Customized Payroll Formula: Time and resources are radically saved by eliminating customization needs.

• Concise Roster Planning: The disposition of the workforce is simplified thus managing the workforce and compliance becomes more effective.

• ISO:27001 Certified Security: This is the assurance of proper handling of all kinds of personal information.

• Unlimited Dimensions of Headcount: Flexibility in managing various workforce needs and providing good facilitation for extensive growth is offered here.

1st Class Approval from IRAS

With this, Multiable HCM has received further approbation from Singapore’s Inland Revenue Authority (IRAS), as well. This is a software that is top-class not only for its IRS Certification but also for compliance to the software quality category of the ‘Auto-Inclusion Scheme’ employment income. This recognition is a stamp of the product’s assurance of reliability and trust in navigating the highly complex regulatory terrain.

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.