The Information and Communication Technology (ICT) industry in Singapore is continuously facing innovative challenges, thus requiring the firms that are a part of this sector to exercise ingenuity in their solutions. To deal with these challenges effectively, the organizations in this industry are seeking advanced Human Capital Management (HCM).

What Are the Specificities of ICT Challenges in Singapore?

The ICT industry is encountering issues such as fast technological evolution and workforce stability, thus necessitating the immediate adjustment of their strategy plans. In addition to that, they frequently deal with cyber-attacks that call for an ongoing stance of defiance. At the same time, these problems are hardly seen in other businesses.

Also, workforce recruitment and salary competitiveness are the challenges they share with other branches of the economy. The burden of employee management with the right balance arises due to globalization and higher costs across several sectors.

Why Do Companies Need an HCM System?

HCM systems have proven to be true revolutionaries in the HR area. Companies with tools to generate rosters efficiently, sail through the complexities of timetabling personnel and legislation with great ease. In fact, performance assessments being so straightforward, they get talent management right, and in that, they are positively affecting productivity in a multitude of ways.

On top of that, HCM systems make salary functions easier, hence, there is a decrease in mistakes and an increase in the overall efficiency of HR. It is evident, oh boy, managing employee benefits such as CPF contributions would be free from the hassle of the process, plus the lawfulness and the happiness of the business would be guaranteed in Singapore. That’s why HRMS software becomes a treasure!

Guideline for HCM Implementation

HCM systems require strategic implementation. Firstly, firms should identify their specific requirements and tailor the system accordingly. Employees need effective training on how to use HRIS for maximum benefit. Participation of stakeholders is an important procedure since the HR structure achieves congruence with the goals of the organization.

What Is the Uniqueness of the Multiable aiM18 HCM?

• Rule-Based Workflow Engine: By operating the workflow system, it serves to operational efficiency and amends the process for automation.

• A.I. Ready and Fully Customizable: Gives tailored solutions to fit a particular business’s requirements.

• Intelligent Roster Planning: Makes competent employee scheduling possible, essential for competitive sectors.

• Powerful Payroll Engine: Processes many payroll calculations in a short time, extremely necessary to lessen the administrative burden.

• Flexible Appraisal Score Mechanism: Allows for multiple forms of performance appraisal and scales.

MPF and IRD Compliance with aiM18 HCM

The aiM18 HCM platform in Singapore provides MPF and IRD-compliant documents making sure that all firms have their statutory requirements from payroll to CPF arrangements in place. This is why it is a core tool for managing employee entitlements effectively.

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.