Charting the Course through the Challenges in Singapore’s FMCG Industry

The Fast-Moving Consumer Goods (FMCG) sector in Singapore is characterized by its own set of hurdles. The rapid turnover of goods and the never-ending quest for efficiency make FMCG firms encounter challenges that are nearly absent in other fields. The pressure of having a short period of time on shelf and ensuring the freshness of the product are the most important factors, with firms carefully controlling the supply chains to ensure delivery on time. Besides, with Singapore’s tough laws, FMCGs need to keep on innovating to respect local environmental regulations concerning packaging and waste management. As in the case of other sectors, the industry also suffers from the shortage of talent, affected people by the labor market, and the transformation of operations due to digitization amid a tech-savvy consumer.

HCM Systems as Partners in Easing the Burden of Manufacturers

In this fiercely competitive and complex business setting, Human Capital Management (HCM) systems become indispensable instruments for dealing with these issues. Their intrinsic starting point is the holistic design of the HCM system which among other things results in ease of the HR processes ranging from smart rostering to accurate payroll. In fact, these systems assist in ensuring compliance with local regulations, which is essential for FMCG businesses that operate under strict guidelines. Furthermore, through the optimal talent management, HCM systems make it possible for firms to maintain a competitive edge in the field of employee attraction and retention. With digitization on the rise, the synergies brought about by HCM systems make it easier for firms to get technology integrated into their daily routines, thereby achieving greater productivity along with satisfied and engaged employees. The HCM‘s all-in-one functionalities from calculating the long service payment to managing the Employee Provident Fund (CPF) are commendable.

Steps for Launching an HRMS Implementation

The fruitful initiation of an HR system relies on the deliberate planning and execution. It is critical for firms to firstly detect the particular problems that HRMS software will address which must also assure the general business objectives are on board. Not only that but also building relationships with various department stakeholders at the beginning will be of great help for getting integration and acceptance done without friction. In this way, the process of focusing on the data migration and staff training will be carried out vigilantly to allow employees utilize the new system in an effectual manner. It goes without saying that the personalized method that comprises the peculiarities of the FMCG field will improve the result creating the operational excellence and getting the maximum benefit from HRMS.

Main Features of Multiable aiM18 HCM System

The Multiable aiM18 HCM system showcases a spread of functionalities directly meant for the needs of the FMCG industry in Singapore:
1. Rule-based Workflow Engine: Improves the efficiency of automatic repetitive HR tasks.

2. Powerful Payroll Engines: Supports a speedy process of executions, as in 18 minutes running 1.2 million payroll calculations.

3. Intelligent Roster Planning: Aids in optimizing the workforce schedule, aligning it with the compliance requirements of Singapore.

4. Customizable Payroll Formula: Reduces manual calculations by more than 90% through the specific payroll adjustment option.

5. ISO:27001 Certification: Guarantees that the data will be safe and the personal information will have strong protection.

IRAS Mark of Credibility for Multiable HCM

Multiable HCM‘s laurel is also the IRAS’s seal of approval. The software’s recognition as a high-quality program in the ‘Category of Software Compliance to Controls’ under the Auto-Inclusion Scheme (AIS) for Employment Income reflects its reliability and accuracy. This assurance for Singaporean FMCG firms is a source of benefits as it propagates the payroll processing which complies with regulations efficiently and smoothly.

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.