Addressing the Exceptional Concerns in Electrical Appliances Sector in Singapore

The electrical appliances sector in Singapore is an active and people centric segment, yet with a distinctive set of challenges as compared to other counterparts. For instance, fast innovation in technology results in shorter life spans for products and forces manufacturers to develop new products. Because of the constant influx of new technologies, businesses tend to face the issue of training their workforce, which is not as common in other branches of economy. Besides this, the matter of meeting the compliance requirements set by the local and international safety standards which are very difficult to adhere to despite being electrical appliances manufacturers. Even more, the supply chain interruptions and the ups and downs in material costs are the additional unique impediments to this line of business.

On the other hand, the electrical appliances sector has a lot in common with other industries as well. The most important of these is, however, the stiff competition for skilled workers that pervades the limited talent pool in Singapore. Also, handling payroll or processing payments is a serious responsibility that is entailed by this complexity. What’s more, ensuring the payment of local labor laws such as the Central Provident Fund (CPF) is a general concern that is affecting all firms in their operational efficiency across the industry.

HCM Systems, as the Main Solution for Industry Challenges

Human Capital Management (HCM) systems are becoming a major solution for manufacturers of electrical appliances for dealing with their problems. Such HCM systems help firms in optimizing HR processes, thus enabling them to be more productive, and decrease the administrative loads. A well-functioning HCM system is the perfect response to the requirement of continuous training from providing different learning modules that are tailored to the needs of both employees and the firm.

As is evident, the unification of payroll and HCM within an organization serves substantial contributions. An HCM system which is able to automate payroll calculations and produce CPF related reports will result in the reduction of errors and administrative workload. Moreover, with complete rostering skills, firms will be able to economically manage the schedules of the workforce and even among the supply chain disruptions, they will be able to increase productivity.

Given the interconnectedness of these challenges, the HRMS software becomes a necessity. The ability to conduct performance assessments, and also track the long-service payments, allows enterprises to create a workplace environment of prosperity and job satisfaction.

Guidelines for Successful HCM System Deployment Bots

For the new HCM system to be fully successful, some guidelines are available for firms whenever they are doing such deployment. The starting point is to have clear objectives that should be aligned with the firm’s goals and to tackle the specific issues of the industry. Furthermore, without comprehensive training to enable the users to adopt the system smoothly, this cannot be disregarded. Infact, involving stakeholders from every level of the organization encompasses the system meeting the diverse needs of the workforce thus promoting its usage and efficacy.

Notable Features of Multiable aiM18 HCM System

The Multiable aiM18 HCM system, which is powered by Artificial Intelligence, is well-equipped to tackle these challenges:

• AI Ready and Fully Customizable: The system offers excellent flexibility to deal with the constantly shifting requirements of the electrical appliances industry.

• Powerful Payroll Engines: Payroll engines are efficient in taking care of complicated payroll calculations, therefore, accuracy and efficiency are increased.

• Smart Roster Planning: Workforce management optimization is done through advanced scheduling, the problem of supply chain unpredictability is tackled here.
  

• Infinite Appraisal Forms: Customized Performance appraisals are easy to develop and they give an opportunity to various stakeholders to participate in the process thus it fosters talent retention.

• ISO:27001 Certified: The new system has robust security measures which protect such critical personal data and thereby enhances trust and compliance.

IRAS Approval: Proof of Compliance and Quality

Multiable HCM has accreditation measure from IRAS that verifies its success in the sphere of Software Compliance to Controls under the Auto-Inclusion Scheme (AIS) for Employment Income. This endorsement is the system’s assurance of adherence to the standards of compliance as well as operational efficiency in payroll management.

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.