Maneuvering Through the Labyrinth: Trials of the E&M Sector in Singapore

Entertainment and Media (E&M) industry in Singapore is a fast-growing field, and the firms in this area often meet challenges that other sectors do not face. The preeminent challenge is the rapid change in content creation necessitated by the advances in technology and the need of the different audience. Furthermore, the persistency to move on with the digital transformation and at the same time, the retaining of the creative integrity adds up to another difficulty. On top of that, protecting intellectual property in a place full of digital piracy stands to be a major barrier for E&M businesses.

Even though such problems are specific to E&M, the industry still faces other obstacles similar to those in many other areas in Singapore. Optimal resource allocation in situations where talent competition is severe and following local labor laws including CPF contributions and long service payment obligations are concerns which are influential in various industries. As a result of such tricky interconnections, many are resorting to more sophisticated tools like HRMS software to stay a step ahead.

Deploy HCM Systems as a Tactical Disadvantage

Human Capital Management (HCM) systems are more and more vital for the E&M firms that are trying to win the battle with multiple problems. Indeed, HCM systems are the indispensable tool for the digital economy where the firm spends significant time on the development of human resources and the automation of mundane processes. Notably, in regard to rostering, these systems are efficient by optimizing worker schedules according to the law requirements.

Jeopardy-free, the evaluation of performance in the E&M sector is of great importance, as the creativity of the staff is key in achieving performance. HCM systems might furnish the logistics for smart rostering and flexible appraisal tools that would serve the needs of various sections. In addition, labor law interface modules can be customized on request, these systems therefore allow HR departments to deal not only with regulatory issues across different sectors in Singapore but also assert legal operation and financial integrity.

SOPs for Expeditious HCM Implementation

In order to fully realize the advantages of HCM systems, it is critical to follow the strategic implementation approach. First and foremost, an exhaustive analysis of current HR processes shall be done to ascertain areas of improvement. Getting people on board at all levels will guarantee the system meets the entire range of business needs. In addition, continual training and support are to be ensured for full software utility which brings alignment with the goals of the firm during the lifetime of the product.

The Prominent Features of Multiable’s aiM18 HCM System

• Rule-based workflow engine: Runs processes in an optimized way to operate effectively.

• ISO:27001 certification: Secures private data thus ensuring that cybersecurity is robust.

• Intelligent roster planning: Local labor laws are observed diminishing legal risks.

• Unlimited dimensional headcount: Intends to scale with business growth.

• Flexible payroll formula: Customization efforts are minimized and the time spent on payroll calculation is saved.

Multiable HCM: Compliance of Superior Grade Approved by IRAS

Multiable HCM system with its approval from the IRAS Auto-Inclusion Scheme for Employment Income has built itself a credible reputation. This recognition as best HRMS software in ‘Category of Software Compliance to Controls’ guarantees payroll execution with the utmost accuracy and compliance with employment income records which is a clear sign of the system being dependable and precise in this regard.

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.