Natural Gas Industry Dealing with Exclusive Challenges in Singapore

In Singapore, the natural gas sector is going through a rough path, riddled with individual difficulties. A prominent issue is the highly intricate bureaucratic structure that places the firms under intense pressure to follow the rules. This situation forces the businesses to alter their operations and infrastructure regularly, most of the time quite highly. A further dilemma which needs to be considered is the unpredictability of the global gas market, which urges operators to come up with thoughtful financial plans and management. In addition, the growing call for eco-friendly alternatives brings the players in the sector an environmental compliance burden which is a challenge they face with a lot of them. Understanding these challenges is a prerequisite for the firms responsible for the long-term sustainability.

Mutual Concerns with Wider Consequences

The natural gas sector also expresses some mutual concerns with other sectors. The retention of talent is a principal problem, especially in a competitive job market such as Singapore, where there are high demands for skilled professionals across various industries. Likewise, digital transformation is another challenge that affects a wide range of industries. Several firms such as that of the natural gas sector in Singapore, find it hard to integrate advanced technologies effectively. It goes without saying that cyber security continues to be a problem, as the protection of critical data and infrastructure is a priority for most firms.

HCM Systems as the Answer to These Problems

Considering these problems, Human Capital Management (HCM) systems are the options that provide the solutions in strategic terms. The manifold nature of the present-day business challenge being what it is, these systems are a single route to successfully managing the talent. HCM system indeed enables organizations to facilitate satisfactory job experiences to employees through improved rosters and more flexible performance measures. The automated intelligent technology features embedded in the comprehensive HR systems are of great assistance in overcoming the complex regulation surroundings, the main focus for the natural gas field. With the additional feature, HCM systems are also the ones which deal with the payroll to ensure that employees get the correct amount including CPF and long service payment on time. Not only that, firms could also define and fix their unique or common problems through workforce management optimization and leaning to local compliance standards.

Standards for Successful HCM Implementation

To make HCM implementation successful, a clear roadmap is needed. It is very vital that the firms set exact and achievable goals and get a firm grasp of what they want to accomplish with their HR system. Count on talks with everyone from the start to get things sorted and help with installation of the system. Training staff on the use of HRMS is another key point that has to be taken into account. Getting everyone aboard ensures that the return on investment is at its maximum.

5 Features of Multiable aiM18 HCM System

• Rule-based Workflow Engine: Automates complex processes to ensure seamless regulatory compliance and operational efficiency.

• Unlimited Dimensions of Headcount: Facilitates comprehensive workforce management, allowing firms to adapt swiftly to changing demands.

• Powerful Payroll Engines: Executes complex payroll tasks rapidly, ensuring timely and accurate payments, which supports long service payment calculations.

• Intelligent Roster Planning: Enhances workforce satisfaction by optimizing scheduling to balance work-life needs.

• ISO:27001 Certification: Guarantees robust data protection, crucial for handling sensitive employee information securely.

Multiable HCM: A Recognized Leader

Multiable HCM system has gained approval from the Inland Revenue Authority of Singapore (IRAS) and is renowned for its superior compliance in the Auto-Inclusion Scheme (AIS) for Employment Income. This endorsement speaks volumes about its reliability and robustness in managing payroll intricacies—a must-have for any forward-thinking firm in 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.