Striding in the Complexity of ICT Sector in Singapore

Singapore, a city of busy and thriving tech industry, has pushed the Information and Communication Technology (ICT) business to the main energizing force of the national innovation system and one of its primary contributors to economic growth. The incredibly fast technological advancement and the stable rise in market demands have put the industry into an aggressive position of facing unique challenges which require clever strategies for dealing with them. One of the most touchable things that the ICT industry is grappling with is that these same things make the industry stand out from the rest ones, this is the factor that creates the dynamic, lively, and competitive environment. Firms that will remain a part of the game should grapple with the challenges in a proper way.

Skeletal but brave ICT Sector Struggles

The ICT sector in Singapore is among the hottest sectors because it is facing some challenges that are exclusive to this sector. A notable challenge is the swift changes in technology that demand constant upskilling and reskilling of people. This results in the core requirement of what the organization needs in the boardroom on talent acquisition and training. Besides that, the sector’s talent pool is so shallow that it becomes a bottleneck for the organizations, which don’t have necessary candidates for the places to be filled.

Cybersecurity is another dangerous block. In a situation totally focused on data, dealing with personal data is one of the leading objectives. The cyber attackers are the very enemies of excessive self-assurance, the root of which is that the ICT field is inescapably affected by caution. The cybersecurity worries were the problems affecting the enterprises the most. However, laying down the proper laws and managing a variety of employees all are involved in other sectors as well. In both the cases, it is the firms that start the transformation and take the new decisions.

The Novel Use of HCM Solutions in the ICT Quandary

A myriad of software programs are the powerful change agents in the process of clearing the unique challenges facing this sector. The cutting-edge HCM systems are a one-stop solution for the complete human resource management, the growth of employees, and, subsequently, the tackling the problem of talent shortage. The system promotes skills mapping and professional development, allowing staff to catch up with the latest skills and knowledge.

In addition to this, the highly developed HCM solutions are embedded with security mechanisms that protect firms from cyber threats that many firms face. They apply advanced encryption techniques to shield crucial data, which are the sources for their security and comfort. Further, the customization of payroll and roster functions helps the firm adapt quickly to new laws introduced, causing little to no disruption.

The observation of productivity profits from the creative HCM system is also there. The path that involves enhancing the performance evaluation is validation and reliability of the evaluation itself and a shift of focus on talent management to those ones who are responsible for it. Through the linking of personal goals with those of the firm, HCM systems become successful in overall workforce optimization. Of course, those comprehensive solutions are the means of being a leader in the competitive ICT market.
For instance, the handling of performance domains will benefit from the smart HCM systems that make the performance appraisals faster and thus identifing and nurturing of top talents in firms become easier. Besides, the HR systems will guarantee that the individual goals which are to be upgraded will be in the firm plan and this will help a lot to the effective workforce utilization. It is a certainty that only the integrated solutions of this type can maintain the leadership in front of competitors in the ICT sector.

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.