Understanding the Intricacies of the Natural Gas Sector in Singapore

These past few years have seen the natural gas business in Singapore possessing its own unique set of issues that are completely different from those faced by other industries. The energy sector is advancing in demand, but this has raised the existential challenges that firms in this industry have to deal with. While innovation is revolutionizing most of the sectors, the natural gas business finds itself dealing with quite peculiar intricate operational demands and regulatory compliance issues and at the same time sharing some common difficulties with other businesses.

Individual and Mutual Responsibilities in the Natural Gas Business

In Singapore, the natural gas industry has its own set of problems. The unpredictable nature of natural gas prices is always the most dangerous problem because they are fluctuating very much and thus significantly affect the financial plan and the stability of the firms. Also, the stringent environmental regulations have forced firms to (additional) look for ways to lower their carbon emissions while also becoming more efficient at what they do. This additional pressure makes it even harder to plan long-term strategies and innovate new technologies.

Besides, the industry sometimes has the same problems as other industries. Staffing is still a big issue because there are witnessed barely professional skills shortage across many other sectors. Also, the lately experienced supply chain disruptions, which have been made even worse by global factors, are one more general issue that is crossing industry boundaries. The software need for robust risk management strategies is one learning point.

HCM Systems: Mobilizing Employee to Overcome Problems in the Industry

Human Capital management systems are one of the answers to the problems that are troubling natural gas firms in Singapore. In fact, they play a major role in optimizing workforce management and in the meantime, ensure compliance with the regulatory aspect of the working process. HCM systems can automate and simplify all complex processes such as payroll and rosters which are very important especially in those industries where shifts are complex, and labor compliance is multifaceted.

What is more, such HR system can help organizations in making better workforce planning and development, since it allows the employees to engage in and retain the right talent. The use of intelligent performance appraisal—tools that derive from the Human Capital Management (HCM) software applications not only act as a service for managers but also a way to: improve their staff’s performance, thus fostering a culture of constant improvement, etc., managing the diversity of the employee’s interests with respect to the firm’s objectives.

It goes without saying that a comprehensive HRMS enables organizations in the blink of an eye to comply with the law, such as local CPF and other requirements which vary from time to time. This adaptability is a big advantage in the natural gas sector, where compliance and operational efficiency go hand in hand.

Steps for a Successful HCM Implementation

HCM system implementation should be done correctly in order to reap all the advantages of it. It is of crucial importance for the firms to choose a system—that they can customize to their specific needs—and at the same time, integrate easily with the existing processes without any glitches. Besides, listening to the users in every department during the selection and implementation phases can ensure that the HR system provides broad and diverse business needs.

Training is yet another important element. When the employees learn how to navigate the HRMS and use its functionalities, they not only increase their productivity but also find it easy to use. Ultimately, continuous evaluation and feedback can help in identifying the areas that need improvement and promote the evolution of the system along with the changes in the firm’s requirements.

Flagship Features of Multiable aiM18 HCM System

• Add A.I. and Fully Customizable: Natural gas firms can enjoy the flexibility of accommodating their specific needs, thus enhancing their operational efficiency.

• Intelligent Roster Planning and Local Compliance Checker: Ensures compliance with Singapore’s labor regulations, thus, reducing legal risks.

• Powerful Payroll Engines: Optimizes payroll processes for employers having to deal with complex calculations including long service payment which saves time and resources.

• Unlimited Dimension of Headcount: The system has scalability which the industry needs for growth and fluctuating workforce requirements.

• Department/Position/Grade Sensitive Appraisal: Supports patterned performance appraisal, thus, aligning the results of employees with the firm’s goals.

Compliance Excellence Recognition

Multiable HCM has been recognized not only by the IRAS but also in terms of software compliance. This is a clear manifestation of its robustness and reliability. This confirmation to the ‘enforcement’ soundness of the HRMS software means that it not only contributes to the operational efficiency of the firms in the natural gas sector in Singapore but also compliance standards are fully met, thus, the software becomes an integral, reliable part of the conducting business.

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.