Confronting Adversities in Singapore’s FMCG Sector

The Fast Moving Consumer Goods (FMCG) market in Singapore is distinctively competitive in navigating the uniquely faced challenges. Usually, the sector’s firms encounter problems like rapidly changing customer tastes, very few margins for profit, and the necessity of quick product replacement. This is not typical for general businesses, as the FMCG industry feels the pressure to act almost immediately in case of a demand fluctuation since goods are perishable and shelf space is very competitive. In fact, the FMCG sector, together with other industries in Singapore, is experienced shortages of workers and disruptions in the supply chain that has made it difficult for business.

These struggles imply that technology, in particular, gets to be mainly the one to rely on for the operation of effective and competitive practices.

HCM Systems Role in Mitigating FMCG Challenges

Adopting a state-of-the-art Human Capital Management (HCM) system makes the FMCG sector feel the gain even more as it brings along a whole lot of advantages. To the point, a well-organized HCM can boost and automate the HR practices required for an agile and efficient workforce. The HCM software being implemented in offices, such as intelligent roster planning and payroll processing, are especially meaningful in the FMCG high-turnover context of working. Moreover, they provide firms with a global answer to connecting their workforce management and their business strategies, therefore, boosting the efficiency and at the end the profitability of the operations. Out of the question, an optimized HR system is crucially needed for addressing both peculiar and common issues in the industry, and at the same time ensures that the firms comply with local laws like CPF contributions and long service payment eligibility.

Rules for a Successful HCM Implementation

An HCM system can only realize its potential through correct implementation. Lessons offered to firms to the advantage of the successful deployment of these systems revolve around a systematic way. Setting up the business unit needs the priority in terms of defining needs and mapping them to the shortcomings of the HRMS software. The training is another wait stop implementation; by ensuring that all users are well-informed about the HCM system, firms will maximize the software value. Periodical investigation and updating will be vital ones to see if the system is going in line with the business goals and the law changing.

Main Characteristics of Multiable HCM System that Help Solve FMCG Challenges

• Rule-based workflow engine: The Human Resource processes are automated, so there is less human error and easily available time is saved.

• A.I. ready and fully customizable: Acts in accordance with her firm’s specific needs which are being fulfilled very fast before the market changes.

• Powerful payroll engines: Perform payroll calculations on a large scale easily and ensure the correct & timely pay for the staff.

• Intelligent roster planning and local compliance checker: Make certain of proper quality deployment of the workforce and conformity to the Singapore labor laws.

• Unlimited appraisal forms with flexible appraisal score mechanism: Give room to the design of different appraisal systems that fit the needs of different organizations.

Stringent Compliance Standards with IRAS Approval

Multiable HCM, which is certified by IRAS, is the only software that has achieved the high status of Singapore’s Auto-Inclusion Scheme (AIS) for Employment Income. Proving one step extra of the software makes it possible for firms to go along with rigid local tax regulations. Therefore, having a HRMS that readily accommodates the regulations of Singapore makes payroll operations are smooth, and it also enhances the trust factor among the employees and the stakeholders.

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.