The electronics business sector in Singapore is like a ship attempting to steer through a storm filled with both distinct and common problems. The way forward is through innovation of HR solutions that are required and those difficult hurdles like fast technological changes and compliance. What is the approach to the successful mitigating of these challenges through HCM strategies in the firms?

What Challenges Are Unique to the Electronics Industry?

The electronics industry in Singapore is subject to erratic bids due to rapidly changing technology. The search for engineers with specific skills is particularly dangerous as this kind of labor is in great necessity. Compliance and safety standards are part of electronics manufacturing that cannot be ignored also.

How Do These Challenges Compare Across Industries?

The electronics sector and other sectors in Singapore have a headlock in the regulatory compliance and the issue with demographic composition in workforce. Employee management in a digital-centric society presents general challenges. Restructuring the business in this ever-changing economy is a main anxiety.

How Can HCM Systems Help Overcome These Challenges?

HCM systems, which are due to advanced technology, offer the feature of compliance management with streamlining, thus following regulations is much easier. Do you need workforce diversification? HCM intelligent rostering will provide the opportunity to organize the work schedule optimally, which means that the variety of skills will be ensured. In addition, customizing the HR functions can enhance the performance appraisal processes and meet dynamically shifting industry requirements.

What Are Guidelines for Successful HCM Implementation?

Provide thorough training in using the HCM systems as intended, this way the full potential would be achieved. Including the stakeholders earlier in the implementation stage will make the adaptation go smoothly. Furthermore, keeping the system updated through the regular addition of improvements based on user feedback, will guarantee perseverance and effectiveness. Thus, the suggestions could be a backbone of big improvement.

How Does Multiable HCM System Stand Out?

• Rule-based Workflow Engine: Facilitates process flows, thus increasing productivity.

• Unlimited Dimensions of Headcount: Accommodates various funding plans.

• Intelligent Roster Planning: Implements optimal scheduling based on the local laws and regulations.

• Powerful Payroll Engines: Clarifies complex payroll calculations in a short time.

• Flexible Performance Appraisal: Allows a modification to be made to the appraisal strategy that is in sync with exact requirements.

What Benefits Does the aiM18 HCM Offer for Compliance?

aiM18 HCM ensures that e-MPF approval is obtained while also supporting CPF and long service payment documents that are in line with Singapore financial regulations. This function takes the workload off the administrative personnel and guarantees HR document accuracy to a greater extent.

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.