As one of the crucial spokes in world trade, the trade industry of Singapore, which operates as an entrepot, is faced with specific challenges due to both its unique features and the rapid development of high technologies like HCM systems which can be employed to overcome these issues, thus, the smooth running of operations and ensuring sustained growth.

What Makes Entrepot Trade Industry in Singapore Exceptional?

Singapore is characterized by a transport paradox: the obstruction of cross-border policies, unstable global economy, and the severe struggle against competition. What is more, with its geographical positioning, Singapore not only has to deal with logistics issues but also to the speed of transactions, which places pressure on the firms to master the art of continuous innovation. Certainly, these problems are beyond the scope of conventional solutions because they need to relate closely to the specific requirements of the trade.

It is evident that not only the service sector but also some other industries in Singapore struggle with common issues such as workforce management and compliance with the rules. In particular, the case of dynamic human resources systems such as HRMS and HRIS is a good example that shows channels of cooperation with nature that the systems should be changeable for quick operations in such repugnant conditions.

Is Integration of HCM Required for Solving These Issues?

The establishment of a robust HCM system helps the firms to realize some benefits by the way of solving these issues. Through ensuring the full payment of long-term service and CPF; the payment management is much more effective, thus, the workload for the administration is released. Along with that, the HR system serves the objective of helping managers in planning the staff’s assignment and training, which result in increasing the workforce productivity and ensuring the proper linking of the performance appraisal, therefore, the competitive advantage is enlarged.

The delivery of modern HRMS software that ensures the provision of multiple locations with local compliance aids the firms in coping with the frequently changing employment regulations, and is therefore, the biggest selling point: D These components gather up to the firms in Singapore’s entrepot trade capacities to shield themselves against both special trade and common problems, respectively, which results in better operational productivity and the congruent roadmap.

Steps to Successful HCM Deployment

For the firms operating in the entrepot business, successful establishment of SP DL HCM system is via the application of a predefined step-by-step method. To start with, you should be crystal clear on your purpose to synchronize the technology with the business objectives.
Throughout the course of the process, the involvement of key stakeholders is essential for the deployment of the flexible approach. The solution should be customized according to the particular trade details after the steps, in the brackets, have been completed so that the system is most maximally configured within the firm.

What Are the Main Features of the Multiable HCM System for Singapore?

• Rule-based Workflow Engine: Simplifies complex tasks.

• ISO:27001 Certified: Ensuring critical personal data is safe.

• Custom Payroll Formula: It is executed fast and has fewer mistakes.

• Rostering Planning: It aligns with local regulations, thus, improves workforce management.

• Unlimited Dimensions of Headcount: It allows workforce needs to grow.

How aiM18 HCM Address Singapore’s Compliance Objectives

aiM18 HCM is a system that is unique among its rivals because it specifically caters to the local compliance of MPF and CPF. The system’s e-MPF approval is a confirmation of its compliance with Singapore’s very high regulatory benchmarks, giving the users a sense of assurance and security.

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.