Singapore ICT Industry: The Growing Challenges

In the dynamic tech hub of Singapore, the Information and Communication Technology (ICT) industry is thriving. However, it is not all roses. Just like firms across the board, the ICT industry has its own set of hurdles. While some face challenges that differ from the rest, the ones of the ICT sector are distinctively of its own. Unlike the traditional industries, the ICT specialists have to frequently embrace new technologies and challenges that are not faced much by workers in other sectors. What is more, the firms dealing with data have to contend with data protection and privacy as major issues since they deal with a lot of sensitive information. Moreover, the significant pressure for constant innovations is also a stress point that is related specifically to this sector. Therefore, the ICT industry, in addition to its uniqueness, could be seen as a place where the same issues as other sectors also exist, such as the flexibility of working conditions or the attraction of employees.

Mitigating Industry Challenges with HCM Systems

In order to deal with such problems, Human Capital Management (HCM) systems are proving to be the need of the hour. In fact, the frameworks that they provide are the very basis for the firms to expand their workforce capabilities and meet compliance objectives, thus, help addressing the challenge of upskilling. AI-based HCM solutions are the ones that are best at handling data privacy through the implementation of specific security measures. The most important point is that, by the simplification of processes, the HCM systems through the creation of a better work environment, enable employee retention across all sectors. Even more, the HCM systems with workforce intelligence and performance tracking tools promote innovation. By employing these sophisticated technologies, organizations are empowered to control the multidimensional challenges in the highly competitive market more efficiently.

Guidelines for Successful HCM Implementation

The successful implementation of a HCM system goes beyond technology—it requires a strategic direction. Companies should start by assessing their specific requirements and the issues they are facing to guarantee a perfect match with the HCM solution. Moreover, the involvement of the employees at the initial planning stage will significantly contribute as they will provide the management with valuable insights into day-to-day operations, thus, lead to more tailor-made solutions. Also, regular training of the HR teams and the end-users (HRMS software) is vital for the drawing of the full potential of the system. On the other hand, firms that decide to adopt an HCM system must carefully plan and execute the process in order to ensure smooth integration and long-lasting success.

Standout Features of Multiable HCM System

The Multiable aiM18 HCM system is designed for the specific needs of the industry, it comes equipped with the most cutting-edge features:

• Rule-based Workflow Engine: Guarantees orderly operational flow and compliance with industry practices.

• A.I. Ready and Fully Customizable: The system has the flexibility to meet unique organizational needs.

• ISO:27001 Certified: It ensures the proper management of data and protects personal information with the help of technology.

• Intelligent Roster Planning: Makes scheduling easier and supports compliance with local employment laws.

• Unlimited Appraisal Forms: The flexibility, detail, and scope of performance appraisal are tailored to employee interest and satisfaction that in turn lead to retention.

Proven and Endorsed Excellence

Multiable HCM not only fits industry standards but also it exceeds them. It has been approved by IRAS and it boasts an esteemed endorsement as a superior product in the HR system category of ‘Software that meet Controls’ within the Auto-Inclusion Scheme for Employment Income (AIS). The certification underlines the significant credibility of the Multiable HCM system as a trustworthy and compliant human resource management system, which is the main reason why firms operating through strict regulations as in Singapore found it pertinent.

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.