Resolving Different Problems in Cosmetics Industry of Singapore

Cosmetics industry in Singapore is very lively and always undergoing changes, however, it also faces some challenges that are as much different as colors of lipsticks hanging on its shelves. One such problem is the increasingly high switch of consumer preferences at the speed at which a single viral trend or a prominent star can cause the stock to fluctuate widely. Another challenge is the regulatory environment, which requires strict safety and compliance tests characteristically causing delays from product design to market introduction. Logistics are also a problem, especially when it comes to managing worldwide supply chains along with maintaining product’s quality and availability speed. Moreover, just like their fellow businesses in other industries, cosmetics manufacturers also compete against cybersecurity threats, thus, firms need to take due care of data protection.

Leveraging HCM Systems for Corporate Development

Contending with the multifarious challenges that the cosmetics sector in Singapore faces, Human Capital Management (HCM) systems have surface as an important solution to this particular problem. Actually, a well-structured HCM system serves the dual purpose of streamlining operations and promoting better decision making. To start with, employee roster and schedule management by the system ensures that the correct personnel is at the right site at the right time, promoting productivity and minimizing wastage. Moreover, HCM systems can implement payroll management optimization by providing the figures automatically and customizing them to minimize errors and ensure compliance with laws such as CPF contributions. The virtue of the HCM systems to administer the employee’s performance evaluation process substantiates the fairness in evaluation and drives motivation and performance improvement across departments.

It goes without saying that an HCM system is the support for the long service payment planning and retention strategies by the thorough analysis of employee data, hence helping cosmetic firms to keep their precious talent. An HCM system is not only a problem solver by these strategic advantages but also a revolutionary forecaster and positional facilitator of the firms in innovation interplay and growth without administrative distractions.

HCM Implementation Success Guidelines

HCM system implementation is a carefully orchestrated affair requiring both fine-tuning and execution. First of all, it is important for firms to focus on their distinct requirements and harmonize the HCM system’s functions with their long-term business objectives. Employee training is equally important; a workforce that is educated about the system will help in reducing the resistance and hence can promote the seamless adoption of the program. Additional, the engagement of stakeholders from other departments may be able to bring in some valuable insights and therefore help in making the system not just an HR tool but an asset at a business level.

Multiable HCM: The Industry’s Tailored Solution

Multiable’s aiM18 HCM system is expressly crafted for the specific needs facing the modern-day cosmetics industry. The following are the five features that shine the most:

• Rule-based Workflow Engine: Sets up a fast handle for processes by automating complex workflows; this results in time savings and a significant decrease in errors.

• Intelligent Roster Planning: Provides optimal staff allocation so that demand peaks and troughs are matched, benefiting overall productivity.

• Powerful Payroll Engines: Completes detailed payroll calculations at top speed; it stays correct while fully complying with local regulations, say CPF.

• ISO:27001 Certification: Provides a strong entity protection a guarantee to firms by ensuring that sensitive information is secured from data shelves.

• Department/Position/Grade Sensitive Appraisal: Guarantees to use the tailored evaluation metrics, while at the same time making the evaluation of the employee’s transparent and fair.

IRAS Approval: The Hallmark of Excellence

IRAS the approval and the premier endorsement of Multiable HCM in the ‘Category of Software Compliance to Controls’ for the Auto-Inclusion Scheme (AIS) for Employment Income established it as a reliable and efficient software. The award is a testimonial that Singapore firms can bet on Multiable HCM to not just meet compliance standards but to exceed them, thus, meaning its addition in the human resource toolbox is indispensable.

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.