Confronting the Distinctive Challenges of the Natural Gas Sector in Singapore

It is the natural gas industry of Singapore, which also comes with its own share of challenges. The environment is intricate, being complicated by some of the factors rarely encountered in other industries. For instance, the industry faces challenges that are not really existing in other places like the environmental regulations and safety norms peculiar to natural gas. The persistent swings in the market of energy at the global level are yet another factor that not only complicates matters but also affects procurement strategies as well as timelines. Besides, the industry is significant in its technical demands—the need for a workforce that is not only deeply skilled in the use of technology but also competent in the protocols of operational safety, a challenge which is not as serious in the other areas of work.

Aside from these specialized challenges, the natural gas industry also shares some common obstacles with other sectors in Singapore. So, the labor market is rather strict; this is the reason still, one of the major problems is the lack of people with the apt skill set along with the demand for more efficient operations whilst the prices are ever-increasing. It should go without saying, that all the sectors, including natural gas, are facing the digital transformation process where a shift demands speedy adaptation to the new technologies and workflows.

The Competitive Edge of an HCM System

The Human Capital Management (HCM) system is one of the essential tools directly in tackling these challenges. A core advantage of the adoption of an HCM system is that it enables the talent management procedure mainly concerned with skilled employees to get streamlined. The HCM solution, by managing human resources efficiently, helps in the retention of employees and their skill development, thus aligning with the need for operational proficiency in the industry.

Moreover, HCM systems are very proficient at payroll management. Given the specific setups such as the CPF contributions and long service payments in Singapore, the payroll functionalities of an HCM ensure the compliance and efficiency. In addition, a solid HR system improves operation efficiency by deploying the workforce in a smarter way through optimal planning which is an essential requirement for a firm that is operating 24/7, as is the case with the natural gas industry.

A flexible HCM or HRMS software can also simplify the compliance with the regulatory standards, thus allowing the firms to maintain their compliance. Such systems, by providing a solid basis for performance appraisal, enhance the overall strategies for talent management which is paramount for any firm’s operational success. They can also help in overcoming the specific challenges of the sector when a firm implements it as a standard.

Guidelines for Successful HCM Implementation

The implementation of an HCM system with success is not possible unless strategic planning is exercised and the execution is focused properly. The essential guideline is to set out clear objectives that are in line with both the HR department and the general business goals. What is more, firms should select a flexible and scalable HR system that can evolve with their business needs as a priority.

Engagement of interested parties is essential in the implementation process. Involve the key users from different departments to provide inputs that bring about a more comprehensive and accepted system. Finally, continuous training and real-time support will help employees to use the system to the fullest extent possible, thus guaranteeing sustained benefits for the organization.

Key Features of Multiable aiM18 HCM System

The Multiable aiM18 HCM system is distinct owing to the features that are specifically designed for the natural gas sector in Singapore:

• Rule-based Workflow Engine: Streamline operations and ensure seamless task execution across departments.

• Fully Customized Payroll Formula: Achieve high efficiency in payroll processing with a reduction of over 90% in customization efforts.

• Intelligent Roster Planning: Optimize workforce deployment, critical for around-the-clock operations in the natural gas sector.

• Interface for Labor Law Compliance: Enable firms to align with local regulations effortlessly, ensuring compliance.

• Powerful Payroll Engines: Swiftly execute complex payroll calculations, ensuring timely and accurate salary disbursements.

Multiable HCM: Tops in Compliance and Performance

Approved by the Inland Revenue Authority of Singapore (IRAS), the Multiable HCM system has established itself as a top-grade software solution under the ‘Category of Software Compliance to Controls’ in the Auto-Inclusion Scheme (AIS) for Employment Income. This endorsement affirms its superior capability in automating compliance and streamlining payroll processes, making it an invaluable tool for Singapore-based businesses.

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.