Fashion Sector in Singapore: Struggles and Solutions with HCM Accompaniment

Singapore’s fashion industry is the pinnacle of the fast-growing elements and this also means that it suffers from typical growing pains, such as modern structural integration. The classic understanding of such an industry is to consider it as a blend of marketing trends and designs combined with customer anticipations, each of which comes up with its own set of problems, which in turn are relatively easier to tackle than in other industries. The complexity of this puzzle rises when one remembers about the common difficulties that different branches are usually faced with. This piece is going to talk about the fashion industry problems and the chance of smart HCM (Human Capital Management) systems to provide solutions for these troubles.

Fashion Industry Issues in Singapore: Specific and Common

In short, the fashion market in Singapore is in great dynamics and has its own characteristic problems. The first problem arises from the fact that the turnover at the seasonal and fast fashion styles is continuously quick which in turn requires firms to adjust their actions quickly to preferring consumers, in the meantime, managing the inventory issues resulting from this. Moreover, the high public sentiment towards sustainability canonizes the fact that firms use only recyclable materials and put into practice the production of fair trade. One more challenge is that the Singaporean market is culturally pluralistic and hence it requires ethnic collections to be presented as well, and that is not offensive to any group. Also, the problem of the international supply chain is in the picture as it causes the transport and delivery times to diffuse.

Other than that, the problems concerning an efficient workforce and compliance with the law fast-changing are some of the main current challenges faced by nearly every industry. Both Fashion and other sectors have been grappling with the problems caused by the strict employment laws and CPF regulations in Singapore regarding payroll and staffing as well. Furthermore, human resources in the general case can be power drains when they have to deal with the legal compliance of registration and long term service payment issues at all branches.

HCM Systems Dealing with Sector Issues

One of the ways out of the challenges mentioned is the application of HCM systems. The fashion industry is very complicated where HCM systems play the role of the primary tools for workforce management and operational effectiveness. More specifically, HCM systems are the most useful for the tracking of the seasonal and part-time workforce thus helping them to adapt faster to the changes that occur in staffing needs. HCM systems also automate the alignment of labor changes with market fluctuations which is efficiency since sometimes the requirements in this industry can differ rapidly and unpredictably.

It is common knowledge that financial and legal compliance is just as essential as operational efficacy. The introduction of a proper HCM system could help HR teams significantly by automating payroll processes and ensuring CPF compliance, as well as, it will also simplify the CPF management job for them. Besides, the intelligent rostering also has the key role of labor allocation optimization by ensuring that the right employees are on the right shift, which in turn boosts productivity and increases employees’ satisfaction.

HCM Implementation Trilogy

It is important to the organization to be methodical in launching the HCM or HRIS system.
First things first, a firm should conduct a complete needs analysis in order to disclose the primary human resource requirements.
Second, the involvement of the related parties from the HR and IT departments to the executive management is of the utmost importance to align the system with the firm’s goals.
Third, and of course, the training of the end users has to be worked out not to forget any modifications and to utilize all the created options of the system as well.
Lastly, it is the permanent observation and the change of the system which are to be the process that will acfirm the set alignment with the industry and firm demand.

HCM-Excellent Features and Their Importance

With its advanced functionalities, the Multiable aiM18 HCM system will be a valuable partner for the fashion ventures in Singapore. As the users will be enjoying its remarkable benefits:

• Rule-Based Workflow Engine: It streamlines the operational bugs, thereby speeding up the process and improving efficiency in a fast-moving fashion market.

• A.I. Ready and Fully Customizable: Multilingual solutions will support the language of your choice and thus the system will respect your cultural diversities.

• Powerful Payroll Engines: Automated payroll calculations and compliance with CPF are no longer matters, only accuracy is assured.

• Intelligent Roster Planning: Such workforce scheduling is a recently introduced innovative system that automatically guarantees your output is maximized.

• Unlimited Appraisal Form: Plenty of performance appraisal possibilities will be the main instance of why the apparel industry can attract talented and creative people necessary.

Support of Multiable HCM in Singapore

Multiable HCM is standing among the very top competitor websites as the product is certified by the Inland Revenue Authority of Singapore (IRAS) which guarantees that the employment income standard is met. The endorsement as the ‘Category of Software Compliance to Controls’ under the Auto-Inclusion Scheme (AIS) also highlights its reliability and the demonstration of its alignment with the diverse CPA frameworks in Singapore makes it a premium choice for the fashion industry and the other sectors as well.

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.