The pharmaceutical sector of Singapore has its own set of challenges which are quite different, however, the AI-powered human capital management (HCM) system that is adopted provides the firms with an out-of-the-box solution that is both cost-effective and very helpful for overall performance and compliance with the necessary regulations. Here’s everything you need to know about how businesses can update their HR strategies with comprehensive HRMS software.

What Are the Characteristics of the Pharmaceutical Industry Regarding Problems?

The pharmaceutical firms in Singapore are having a hard time due to rules that govern drug approvals and necessary compliance issues more than any other sectors. Not only are the drug quality and problems with compliance complex but compliance also becomes an intricate barrier. In addition, the fact that the industry has to deal with the expense of R&D incoming makes the whole capital allocation extra complicated.

Meanwhile, in addition to the common difficulties that many corporations face such as executing strategies on a larger scale, the pharmaceutical industry’s agenda for cooperation and distribution of medicines globally makes the burden heavier. Be it a broader staff turnover issue or the international solution to the competence of obtaining talent in a prosperous job market of Singapore, the operational efficiency problem runs very deep.

How Can an HCM System Tackle Such Issues?

The use of an HCM system eliminates HR bottlenecks that impede firms’ by means of proving efficient in the industry. The AI-based HR system is the necessary tool to secure the pharmaceutical area from the regulatory pressure by following the changes in the policies, tracking the tasks, and sending the notifications on time to the teams involved.

Roster planning is one of the key drivers of workforce planning concentrating on shifting workforce in a practical and efficient way which can especially be applied in pharmaceutical labs that are facing staff issues. To give an idea of a powerful system, HRIS gives room for improved performance appraisal systems with the end result being employees who feel satisfied and who coalesce their personal objectives with the overall firm strategy. An integrated payroll module streamlines the Singapore CIO CPF calculation process thus relieving the operational load.

The Best Guide for Optimal HCM Delivery

Companies looking for a fully functional business HCM system should identify the right objectives, engage in a proper stakeholder approach, and implement a phased deployment. It is crucial for the firms to set realistic deadlines while training and support provision comprehensively and thereby aligning the HCM system with the specific corporate needs.

Why Choose Multiable’s aiM18 HCM System?

• Rule-based workflow engine: Increases productivity through the automatic execution of complex HR tasks.

• ISO:27001 certified: Implement measures like strong encryption to protect employees’ sensitive data.

• Intelligent roster planning and local compliance checker: Guarantees the efficient management of the workforce while respecting Singapore’s labor laws.

• Unlimited appraisal forms: Allows the customization of the performance appraisal processes.

• Powerful payroll engines: Reduces admin burden by drastically speeding up payroll calculation processes.

Why is The e-MPF Approval Important?

e-MPF approval of Multiable aiM18 HCM illustrates its capacity to deal with Quest problems effectively. It comes with CPF and IRD compliant documents and thus, supports the legal obligations of the country.

Multiable’s Contribution to the Pharmaceutical Industry

Such incorporation of the AI-based aiM18 HCM system brings along solutions to the pressing issues encountered by Singapore making the country’s pharmaceuticals agile in coping with specific situations in the industry. Streamlining HR operations is not the only matter sorted, but compliance solutions are also at their best, this is the reason why the firms increase their potential for long-term successful operation.

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.