Tackling Issues in Singapore’s Plastics Field

Despite being a major contributor to the economy, the plastics industry in Singapore is also confronting challenges that are stunning and especially different than other sectors. Rapid invention of new technologies has been the most serious topic that the plastics industry feels the heat from the resource conservation movement. Essentially, the consideration of environmentally friendly rules is a source of more anxiety for plastics, where unlike the other sectors, often being forced to comply with environmental legislation. In addition, the lower oil prices have also an indirect impact on the production costs of plastic, though not so much on other sectors. The digital skill gap, and operational efficiency are the shared difficulties which all types of sectors, plastics manufacturers from Singapore included, face. Additionally, the issue of oil prices does not simply mean that, for example, other firms have better conditions. The firms will need to find the ways to balance these needs alongside maintaining their standing in the industry.

HCM Systems: The Magic of Turning Problems into Solutions

Human Capital Management (HCM) systems, which are now popular, are essential for effectively tackling these targeted issues. HCM systems are the channels through which you can acquire the digital competencies which have become obligatory for employees due to digital transformations alongside the establishment of a learning environment promoting personal development. The solution is a complete HR framework, payroll management, long service payment, CPF contribution optimizations, and other operational enhancements. Quite fascinating, right? HCM systems can be used brilliantly to ensure that all the rostering and compliance protocols are up-to-date. Actually, the flexibility of HCM solutions is such that they can be tailored to fulfill specific industry needs, which is why they are in a necessity for the plastics firms in Singapore.

Steps for Successful HCM System Deployment

The most important factor in making an HCM system reach its full potential is a strategic plan for the implementation. Getting involved from the very beginning makes the system aligned with the priorities of the firm and the needs of the employees thus, acceptance rates are increased. Because of some special conditions of particular industries like the plastics sector, a phased initiation of the program can be helpful in getting rid of service disruptions, and at the same time, HR and IT teams can make the needed changes. In addition, extensive employee training is highly crucial; being well-informed, the team has the chance to get maximum benefits from the system’s features thus be successful.

Core Functions of Multiable aiM18 HCM System

Considering that the Multiable aiM18 HCM system is the one that is currently equipped with the latest technology, the following are the most suitable features that can be useful for the Singapore plastics industry to deal with their issues:

• Rule-based Workflow Engine: Process automation and either the working out of the inefficiencies across HR operations or their minimization are done by this.

• Fully Customized Payroll Formula: It will be no longer needing much extra work, and thus time savings and reducing errors occurs.

• Intelligent Roster Planning: Through the ever-changing rules, this feature ensures operations to be continuous, thus, supporting school objectives.

• Interface for Labor Law Compliance: It keeps the legal neighborhood to the minimum thus reducing the area firm’s compliance risk.

• Unlimited Appraisal Forms: The application helps conduct comprehensive performance appraisals which can, in turn, lead to the employees’ training and development and retaining of good employees as well.

Multiable HCM: Warranty of Diligence and Conformity

The dependability of Multiable HCM systems in Singapore’s corporate ecosystem is confirmed once again by the fact that they have the endorsement of the Inland Revenue Authority of Singapore (IRAS). The HR system guarantees that compliance with the Auto-Inclusion Scheme (AIS) for Employment Income is maintained, hence providing for the corresponding operational standards: the effectiveness of procedures is proven, not to mention their strength. The importance of the vendor’s signature in this regard is that it reinforces the firms’ trust in the product, which in turn shows the need for the introduction of quality HRMS software even under rigorous conditions like those in Liverpool.

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.