Overcoming the Freeman and Common Challenges of the Textile Industry in Singapore

The textile industry in Singapore is a bold sector with both peculiar and combined obstacles. As a result, it looks for digital solutions like resilient HRMS and complicated payroll that are not for everyone but definitely for management to work effectively. Here are the fundamentals to be understood by the individuals in the business.

What Are the Unique and Shared Challenges?

Because of its character, the textile industry endures some specific problems such as rapid fashion cycles, demand volatility, and complex supply chains. This does not apply to any other sector. Furthermore, problems like rising costs of labor and regulatory controls are issues faced by others in Singapore as well.

Moreover, textile firms need to have adaptability as their primary attribute to stay in the market. Not to mention, operational efficiency and customer satisfaction have become very significant concerns. Successful workforce management and payroll systems are essential for continuity and profit.

How Can an HCM System Offer Solutions?

Deploying a Human Capital Management (HCM) system can to a great extent light these burdens. In addition, a strong HRM system is beneficial for process streamlining and performing employees’ satisfaction. Firms can also be assured of compliance, thus decreasing the risk of penalties for non-compliance.

HCM solutions may facilitate payroll management and scheduling which would result in a streamlined employee data management process. Additionally, a well-executed performance appraisal system will assure that only high-performing employees are being recognized, which is a very important aspect in the fashion field in Singapore.

Guidelines for Successful HCM Implementation

Initial step of the proper HCM implementation is comprehending the needs of the firm. Internal alignment of the system with the business objectives is necessary. Involving all stakeholders and providing proper training will contribute to the success of the changeover. Implementation through phases will be the best way for assured effectiveness and sustainability.

What Are the Key Features of Multiable aiM18 HCM?

• Rule-based workflow engine: Automates processes for efficiency and reduced human error.

• A.I. ready and fully customizable: Tailors the HRMS software to meet unique industry demands, such as rostering.

• Powerful payroll engines: Handles complex payroll calculations quickly, ensuring CPF and long service payment compliance.

• Intelligent roster planning: Facilitates optimal workforce allocation, enhancing flexibility.

• Department/position sensitive appraisal: Offers precise performance appraisals, boosting employee satisfaction.

e-MPF Approval and Compliance

The aiM18 HCM system is e-MPF approved, supporting MPF, IRD compliant documents vital for businesses in Singapore. This ensures firms can confidently manage contributions and remain compliance-ready with evolving labor laws.

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.