One of the major issues in the biotech industry in Singapore is HR that has to be solved with the aid of the aiM18 HCM. The ability to overcome industry-specific challenges gives biotech firms a chance to be ahead of their competitors in the current market which is so dynamic.

What Special Conditions Does the Biotech Sector Encounter in Singapore?

Biotech in Singapore is troubled by the long R&D cycles of the expensive study process which brings money back under uncertainty. This issue is more nuanced due to the strict regulatory compliance that is present and also the requirement of new talent due to the fast development of the technology.

Labor shortage problems disturb the entire industry including biotech, technology, and F&B. Digital transformation pressures are even more pronounced forcing the biotech industry and other sectors to change their ways. These difficulties naturally stem challenges of workforce optimization management.

HCM Systems as a Means of Tackling Biotech Issues?

HCM systems are the engine of people management solutions. They induce compliance and data management, the rest is easy to route the service through regulatory needs. Legal and financial complexities are subject to automation thereby freeing up resources for strategic initiatives. To be honest, such HCM tools can help manage the workforce and the process of acquiring talent. Provisions like intelligent roster scheduling and tailored payroll clearly simplify the situation for local firms that expect to make serious productivity and cost savings. It’s obvious that these systems present the means for flipping the situation around into an advantage.

Suggestions for a Successful HCM Installation

A proper and effective HCM installation has to be a personalized approach that zeroes in on the objectives critical to the firm. This should begin with identifying the exact needs of the firm and clearly aligning its goals. A complete training package and self-absorbing integration into the old systems are the patentes of HRMS software. The full realization of its potential is possible given the above factors.

Why Select Multiable aiM18 HCM System in Biotechnology?

• Rule-based workflow engine: Automates compliance

Ensures compliance and boosts efficiency by means of pre-set rules.

• A.I. ready and fully customizable: Tailored solutions

Flexibly adapts to the specific requirements of biotech and offers precision.

• Powerful payroll engines: Optimizes financial operations

Processes intricate calculations at high speed and cuts down payroll errors.

• Intelligent roster planning: Improves workforce management

Designates optimal scheduling enhancing productivity in fast-moving biotech places.

• ISO:27001 certified: Secures sensitive data

Assures data security in accordance with the rigorous biotech regulatory standards.

How aiM18 HCM Supports MPF and Other Laws?

The aiM18 HCM system is e-MPF and this approval guarantees its compatibility with CPF contributions and IRD compliant documents. Thus, the financial transactions become seamless and the issuance of regulatory reports invaluable for the HR departments in the biotech firms of Singapore becomes absolutely hassle-free.

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.