Charting the Course through Adversities in Singapore’s E&M Sector

In the dynamic and fast-changing economy of Singapore, the Entertainment and Media (E&M) industry has to deal with specific challenges and struggles similar to the ones found in other sectors. In this regard, simply holding your own necessitates more than just coming up with new products, but rather the implementation of the correct processes and resources- the strategic management of the people involved in these tasks. A successful transformation of the business, including the utilization of IT tools, for example, Human Capital Management (HCM) systems is essentially the primary factor in accomplishing this task effectively, increasing the efficiency, and also ensuring the compliance with laws and regulations in force like local CPF.

Stand-Alone and Common Challenges of the E&M Industry

The E&M industry in Singapore is facing rather specific challenges that make it different from the others. One of the standout problems is the high pace of technological innovation that pushes the firm to continuously reskill workers and adopt new software to align with traditional methods. With creativity being the primary characteristic of the E&M field, there is a specific need for custom-fit talent management strategies to satisfy both the demands posed by the specific skills needed and the project-oriented nature of the work.

On the other hand, such similar problems faced together with other sectors include the necessity to secure cyber space for highly confidential employee data and managing various staff needs. In fact, since Singapore is mainly data-driven, it is very important to protect one’s personal information. Even more, remote work has become a challenge which has caused the adaptation of the HR members and also new methods of performance which were fair to both sides of employees, those who were on the site and those who were not, keeping them motivated and engaged throughout the work.

The Advantages of HCM Systems

On the way towards these solutions, cutting-edge HCM systems will create unprecedented doors. Mostly, the introduction of HRMS software can help in streamlining a variety of human resource functions, therefore achieving both efficiency and accuracy in payroll and roster management. For the E&M industry, HCM systems mean a common platform that can manage the complexity of a project-based project environment by letting the users use advanced features for rostering and manage the contract obligation, for example, long service payment, smoothly.

In addition, HCM systems present the benefit of better compliance through automatic CPF calculations and labor law updates, which lowers the compliance risk. Such systems, apart from that, also give room for strategic performance appraisal processes to take place, which in consequence makes managers obtain the data-driven knowledge they need to decide the right way. Besides, AI features are integrated into modern HR systems to support predictive analytics which can help in the proactive management of workforce planning and development.

HCM Implementation Guidelines for Successful Journey

Carrying out HCM system implementation resourcefully requires a well-laid plan. Initially, firms need to recognize their HR requirements well and the exact challenges they are experiencing. After that, choosing the HCM solution that is in line with their goals and which can be incorporated into current processes without problems is key to the entire process. Undoubtedly, it is a training and change management that becomes the ground for smooth operation and using the system by all stakeholders. Periodic assessment and updates further ensure the continuous benefits of the HCM system.

Key Features of Multiable HCM System for E&M Industry

Multiable’s aiM18 HCM is the premier solution for the E&M sector in Singapore. Essentially, it is integrated with features that respond to the industry’s needs and help solve the problems:

• Rule-Based Workflow Engine: Processes are simplified and automated workflows introduced which automatically help in the project-based environment efficiency.

• AI Ready and Fully Customizable: Personally aligned with the organization’s specific demands, it offers a unique soul for talent management and compliance.

• Powerful Payroll Engines: This software is capable of handling even the scabbiest payroll cases therefore avoiding calculation errors.

• Intelligent Roster Planning and Local Compliance Checker: This equipment presents innovative solutions for dynamic project demands and compliance.

• Unlimited Appraisal Forms with Flexible Score Mechanism: Ushering through the whole process of performance appraisal with flexibility is also making it possible for different creative roles to join.

IRAS Approval and AIS Endorsement

Multiable HCM has received an IRAS endorsement which is in line with the principles set out in Singapore’s regulations. The software’s endorsement as a first-class product across the Auto-Inclusion Scheme for Employment Income program reinforces its compliance capabilities and thus, it is an excellent tool for E&M firms that target their regulatory adherence.

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.