Dealing with the Obstacles in the Metal Industry in Singapore

The metal, metalworking, and metalware industry in Singapore is the backbone of the country’s manufacturing sector. Nonetheless, the journey of this field is not a bed of roses as it consists of the most intricate troubles that require creative answers. Expensive materials, shifting technological needs, and tough regulatory compliance come together to form a triple threat that metal industry players in Singapore encounter every day. Furthermore, like many industries, they also face challenges such as workforce management and the application of new HR technologies.

Distinctive and Overlapping Challenges in Singapore’s Metal Industry

Owing to the volatile global market, the metal sector in Singapore has unpredictable material costs, which other sectors do not face as a common problem. The necessity for consistent technological development greatly increases the stress on metalworking enterprises to comply with 4.0 Industry standards. Besides this, adhering to the extremely strict environmental and safety regulations makes a unique challenge, which entails a lot of capital investment in compliance requirements. On top of this, labor management is also a concern that remains constant in every sector. The key issues for several industries are obtaining accurate staffing, paying long service, and making CPF contributions, which directly relate to the goal of maintaining operational efficiency in the fast-changing business environment of Singapore.

Human Capital Management (HCM) Systems: For the Metal Sector

Of course, it is a big plus to have a Human Capital Management (HCM) system to lessen those demands. The introduction of a modern HCM system will refine labor force management, securing easily the correct timing of staff booking, tracking long service payment, along with CPF requirements. An AI-driven HR system makes decision-making much easier with the help of data analysis which focuses on employee productivity and performance. A flourishing metal industry can, through HCM, be able to achieve this by managing compliance, adapting to new technology, and staying competitive. With HCM, the metal industries in Singapore can not only deal with the typical sector-specific problems but also the more comprehensive HR challenges in a timely manner.

Best practices for HCM implementation in Metal Industries

In order to have a successful HCM implementation, it is vital that firms work out a phased strategy that will go hand in hand with their strategic goals. To start with, knowing the particular HR troubles your firm is dealing with will help you make a correct choice of the tools in your HRMS software that will meet your needs. Next, involving everyone from the executives to the end users will promote the smooth implementation of the system and will minimize resistance. Lastly, exploiting the training and support services accessible will increase the advantages of HCM system, because of the long-term benefit through as many areas as possible.

Top Advantages Multiable aiM18 HCM System owns that are Beneficial to Metal Industry

1. Rule-based Workflow Engine: Raises the efficiency of business processes by automating regular HR activities.
2. Intelligent Roster Planning: Integrates the best agendas for employees, which lessens the operational downtime.
3. AI-Ready and Customizable: Is flexible to the changes in industry and organization.
4. Powerful Payroll Engines: Handles complicated payroll calculations easily, thus saving time and reducing errors.
5. Department/Position/Grade Sensitive Appraisal: Personalizes performance management according to the norms of the organization so that the appraisals are fair and actionable outcomes.

IRAS Approval: A Partner You Can Trust

Multiable HCM package is the one which is approved by IRAS, thus confirming its dependability and compliance skill with the tax and labor laws of Singapore. The system offers automated integration and CPF reporting that frees up the firms navigating compliance hurdles, as it is a seasoned HR software under Auto-Inclusion Scheme (AIS) for Employment Income in the ‘Category of Software Compliance to Controls.’

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.