Unraveling the Complex Side of Singapore’s Printing and Wrapping Sector

Printing and wrapping sector in Singapore is an energetic industry that is featuring combines inseparable challenges and similar difficulties with others. Owing to its identity, this segment thus finds itself pushing through specific headwinds, which are not an easy thing to handle.
By the way, being aware of such hard times is the right notion under the umbrella of the firm’s operations, the real way to the improvement of production.

Unique and Common Challenges in Printing and Packaging

The publishing and packaging industry in Singapore confronts many challenges that are specifically peculiar to it. One of them is that inconsistency in print quality and color more often than not can negatively impact customer satisfaction and the brand image. Another thing here is that the printing industry shows its own especial logistical puzzle in the form of keeping properly stocked with raw materials as well as scheduling the production line to run as required, this is often further troubled by needing fast timescales. In addition, the responsible attitude towards the environment in Singapore demands the utilization of eco-friendly materials and environment-friendly processes, which stands out when compared to other sectors.

On the contrary, the industry also has some common challenges with other sectors. Personnel administration is one of the key parts with the firm obligation to operate efficiencies in terms of staffing, payroll, performance evaluations, etc. Likewise, compliance with local laws, CPF contributions, and labor laws is a burden that several sectors carry equally. In the end, the adoption of new technologies and their integration, especially in digital solutions as AI and automation are needed to be revisited time to time for the system to work efficiently.

Transforming the industry with HCM System

The most powerful instrument in the effort to counter these hurdles is the Human Capital Management (HCM) system. Systems of this type come along as a coherent and all-embracing resolution that, on the one hand, integrates several HR aspects but, in the other hand, tackles the unique and common problems faced by the industry.

HCM systems make workforce management better by automating payroll procedures, thus, the remuneration of the workers will be accurate and on time. This is the particular case with the HCM‘s functionality to handle complicated calculations of payroll like CPF contributions and long service payments. Besides, these systems improve the compliance management via the creation of solid controls that are consistent with the rules set forth by the Singapore labor laws.

Another substantial profit of HRMS and HRIS is that they have the intelligence for the rosters. Through the use of an AI-driven approach these systems can manage scheduling most efficiently without excess burdens, thus, the human resources are effectively utilized, productivity is increased and downtimes are significantly reduced. To put it mildly, the performance evaluation is more objective and holistic, and thus, it implies real-time feedbacks and development tracks that are better tailored for each employee.

Tips for HCM Implementation Success

Execution of an HCM system involves careful planning and implementation. First, identifying your organization’s specific requirements and devising clear objectives are essential. Customization is of utmost importance, and the HR system chosen should be in line with the set organizational goals and procedures.

Second, to achieve a smooth transition and acceptance in the implementation process, all forms of stakeholders should be involved. Besides, continuous training and technical support are crucial to maximize the potential of the HRMS software. Finally, the regular evaluation and update of the system will make sure it is still relevant and efficient in response to the dynamic challenges in the workplace.

The Key Features of Multiable HCM System

Five outstanding features of Multiable aiM18 HCM system that relate to the industry challenges are as follows:

• Rule-based Workflow Engine: Streamlines and accelerates the HR task processing through automation of repetitive actions, resulting in both better speed and accuracy.
  – A.I. Ready: Utilizes artificial intelligence in the workforce management process to enhance efficiency in rostering and productivity.
  – Intelligent Roster Planning: Eases the scheduling burden by ensuring an adequate staffing level which leads to improved operational effectiveness.
  – Powerful Payroll Engines: Assures prompt and precise payroll processing that obeys the regulations on complex remuneration structures including CPF.
  – Unlimited Appraisal Forms: Allows for a versatile performance appraisal format that is personalized for every single employee’s growth needs.
  

Multiable HCM: The Compliance Endorser and Excellence Achiever

Multiable HCM is sanctioned by IRAS and widely recognized for its exceptional performance in compliance under the Auto-Inclusion Scheme (AIS) for Employment Income. This order of acceptance not only implies its effectiveness in meeting the regulatory requirements but also instills trust and reliability among firms 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.