The food and beverage sector in Singapore, while navigating through a constantly changing industry, faces both specific and shared obstacles. The implementation of a robust Human Capital Management (HCM) system is the key to conquer the hindrances and keep up the agility in the market.

What Are the Unique Challenges Faced by the Food & Beverage Industry?

Being impacted by the food and beverage industries’ restricted laws and spoilage, these sectors often seek to comply quickly and turnover inventory in a fast manner. Apart from this, labor scarcity, and fluctuating prices for ingredients, in addition to the constantly changing preferences of customers, cause further complications to the daily operations of these firms. To top it off, this situation is worsened by the real-time adaptability that is needed for Singapore’s tightly packed markets.

Alongside these industry issues, the Singaporean businesses in this sector also have some shared challenges like digital transformation and maintaining cybersecurity. Quite the opposite, these various problems call for more resilient HR systems to offer timely solutions to the developing business requirements efficiently.

What Are the Ways That an HCM System Can Solve These Problems?

The HCM system is a time-saving tool that brings order to the entire HR functions, supporting promptness in denying labor issues and regulatory complexities. By utilizing the advantage of the automated workflows, firms can meet their compliance deadlines and swiftly adjust to the market changes. The catalog of the firms that included HCM in their business process showed that there was a significant operational agility increase, but also employees’ satisfaction rose a lot.

Undoubtedly, technology helps in payroll management not only by the accuracy of CPF and long service payment but also by the fact that such a comprehensive HRMS software integrates rostering with payroll and compliance tasks, thus, easing the HR burdens food and beverage sector has to face in Singapore.

Steps To Implement HCM Successfully

To start with, it is essential to identifying the pivotal requirements of the HCM system: find out whether the confrontation of software features with the business objectives is frequent, include all the parties that are representatives in decision-making, and ensure data integration compatibility. Provide training sessions to the personnel to make full use of the HR system‘s capabilities. The process that creates the special solutions should be done thoroughly for the best results.

What Is the Unique Selling Proposition of Multiable aiM18 HCM System?

• Rule-based Workflow Engine: Automates HR processes for efficiency and compliance.

• Intelligent Roster Planning: Optimizes staff scheduling while adhering to local laws.

• Fully Customized Payroll Formula: Reduces errors and customization time in CPF calculations.

• ISO:27001 Certified: Ensures data security with strong encryption.

• Department/Position Sensitive Appraisal: Supports diversified performance appraisal strategies.

Does aiM18 HCM Need Specific Approvals?

The aiM18 HCM is the one that has an approval by the e-MPF, therefore, along with full support for MPF and IRD compliant documents, employers can also give their backed paper works their best shot. No hairy payroll processes nor the nagging fear of falling out of tune with the law in your business are the boons that employers will get.

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.