The toy industry in Singapore is characterized by certain challenges that are faced, which demand specific solutions. Gaining an advanced Human Capital Management (HCM) system can totally shift the game, providing the necessary insights and efficiencies to deal with the current problems.

What Are the Reasons for the Toy Industry to Have Distinctive Challenges?

Among the unique challenges that the toy industry in Singapore has to deal with are the rapidly shifting consumer preferences and the stringent safety regulations. Moreover, the seasonal demand variations represent a major blow in the process. Besides, shared challenges include workforce management inefficiencies and rising operational expenses, which are familiar in various other sectors.

In What Ways Can an HCM System Help with These Challenges?

On the contrary, an HCM system demonstrably provides the technical advantage of simplifying workforce management and the operational efficiency of HCM system. It is in line with the planning of workforce with the seasonal demand changes, thereby ensuring that manpower is at the optimal level. Not to mention that they also supply compliance tools with which strict regulatory environments can be addressed easily. HCM solutions, due to technology integration, help reduce the problem of rising operational costs by automating HR processes.

What Are the Rules for HCM to Be Implemented Successfully?

To utilize HCM system to its maximum capability, robust planning and stakeholder engagement are must-have. Companies should focus on good communication, proper training, and regular monitoring, so that, smooth HCM adoption is achieved. !

What Are the Ways Multiable HCM System Solver Toy Industry Tribulations?

• Fully Customized Payroll Formula: Efficiently calculate complex toy industry payroll demands, reducing errors.

• Rule-based Workflow Engine: Automates HR processes, minimizing manual intervention.

• Intelligent Roster Planning: Adapts to seasonal demand fluctuations.

• Unlimited Dimensions of Headcount: Effectively manage diverse workforce categories.

• ISO:27001 Certification: Ensures data protection and builds consumer confidence.

aiM18 HCM And Its Role In Regulatory Compliance

aiM18 HCM is e-MPF approved, which guarantees that it is contributing towards creating compliance with MPF and IRD-provided documents. This assures local HR systems in Singapore maintain CPF and local compliance, which is very important for shoring up the industry\’s credibility and functionality.

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.