The Singapore fashion industry has its challenges, some of which are special to them while others are common to others. The implementation of an effective HCM system can provide these firms with the necessary strategic solutions.

What are the Challenges of the Fashion Industry in Singapore?

The fashion sector is facing the problem of transitioning fast between the current and the season demand which is different from any other industry. There is a need for firms to pre-empt the changes in consumer behavior and be quick to change. Another thing is that the wage act is changing in Singapore, and being compliant is a continuously existing problem. Plus, a multi-channel approach to inventory management remains a sticking point.

Industries, in general, suffer the challenge of keeping the workforce agile and integrating sustainable practices. Of these, the most serious is having advanced HR systems in place to comply with the competition and the long service payment sustainability measures.

HCM: Strategic Partner in Handling these Difficulties

HCM Systems can by far make these challenges easy to conquer. With the use of AI to do the analysis, the firms can have the market trends detected faster resulting in a better response time. The HRMS solutions help optimize workforce planning thus the optimal rostering.

Moreover, they automate compliance checks which are in turn downsizing the risk of legal missteps. In fact, intelligent performance appraisal systems empower staff and align their goals with organizational objectives, facilitating CPF management. In addition, the implementation of streamlined HRMS software increases operational efficiency, thus allowing for the concentration of the fashion enterprises on their core business.

Pointers for Successful HCM Deployment

Very obviously successful HCM deployment mainly depends on good and clear communication throughout the organization. The firms should make sure that he customization fits their specific business needs. Besides, training is crucial to the full utilization of HRIS functionalities, which will ensure the seamless payroll integration and the reliable CPF management.

What Particular Features Make Multiable aiM18 HCM Different?

• Rule-Based Workflow Engine: Automates processes, enhancing operational efficiency and accuracy

• Fully Customizable Payroll Formula: Reduces customization-related work, improving payroll precision for long service payment

• Intelligent Roster Planning: Optimizes workforce scheduling to meet fluctuating demands

• Local Compliance Checker: Assures adherence to Singapore’s evolving labor laws

• Flexible Appraisal Score Mechanism: Supports diverse performance appraisal needs, fostering employee growth

What is the Benefit of e-MPF Approval for Fashion Companies?

The aiM18 HCM is e-MPF approved as it is in accordance with local regulatory frameworks such as MPF and IRD compliant documents. This relieves the burden of administration thus improving the operational efficiency of the fashion firms in traversing the challenging regulatory climate of Singapore.

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.