Challenges and Solutions for the Electrical Appliances Sector in Singapore

The electrical appliances sector in Singapore is undergoing a transformation, adapting to the new technology while simultaneously dealing with the issues that it uniquely faces in comparison to other industries. In fact, these hurdles act as both the trial of the firms and the demonstration of the transformative role of Human Capital Management (HCM) systems in the facilitation of process redesign and operational efficiency improvement.

Distinct and Common Problems in the Electrical Appliances Industry

Electrical appliances industry bears several specific issues that are not encountered by other industries, and the fast evolution of technology leads this list. As the market begins to shift towards the demand for more advanced and connected devices, the need for manufacturers to manage an ongoing stream of innovations is constant. Another issue is the coordination of international trade regulations governing the import and export of goods, which requires constant flexibility to deal with them accordingly. Additionally, the meeting of strict safety and environmental standards is an extra difficulty for the producers and distributors in Singapore.

Yet not every difficulty is distinct. The electrical appliance industry bears some of the same burdens as other sectors, such as the relentless battle for talent. Because of the lack of skilled personnel, especially in the fields of technical and engineering, acquiring and keeping them becomes a key problem. Economic instability also plays a detrimental role in the sector; as fluctuating exchange rates and material expenses lead to increased operational costs and affect pricing strategies.

Utilizing the Potential of HCM Systems to Beat the Problems

The successful implementation of a robust HCM system will be the crucial factor in the transition of these challenges to opportunities. The HCM system facilitates the process of workforce management by integrating all HR functions into one unified platform. Even more, it will significantly accelerate the hiring procedure, thus trimming down the recruitment problems by successfully recognizing and attracting potential talents.

HRMS software, such as Multiable’s aiM18, through the advanced intelligent roster planning feature, provides a powerful tool for the managers to achieve the optimal workforce scheduling. This not only matches the shifts to the changing production demand but also ensures the best use of the resources, thus ultimately clearing the operational bottlenecks. The HRMS platform has the facility to track the performance which relates the employee goals to the corporate objectives thereby increasing the workforce discretion as well as productivity. In addition to that, the compliance with local labor regulations, for instance, CPF contributions, is easily ensured by the use of suitable HRIS, which protects the firm from possible legal liability.

Steps to a Successful HCM Deployment

The deployment of an HCM system necessitates a strategic plan and foresight. A thorough understanding of the firm’s objectives is essential as it is the only way that the picked up HCM system can be integrated with existing workflows so smoothly. Involving stakeholders from various sections in the implementation process from the initial steps will not only create a feeling of ownership but also will facilitate the transition.

Of course, proper training and support are indispensable. Employees must be proficient in using the new features like payroll processing and rostering before they can fully leverage the system’s capabilities. Besides, the periodic evaluation and the fine-tuning of the system can improve the performance even further; this is important so that the system can adapt to the firm’s changing needs.

The Multiable aiM18 HCM System’s Core Features

• Rule-based Workflow Engine: The process of automating the tasks and decisions, thus decreasing the manual intervention, is the engine that drives the system.

• Intelligent Roster Planning: Minimizes downtime and increases productive work by fitness of production needs and workforce schedules.

• A.I Ready and Fully Customizable: Guarantees flexibility for the inclusion of special industry features needed and enables native integration with existing systems.

• ISO:27001 Certified: A high level of data security is guaranteed for sensitive data, which builds trust in data integrity and security.

• Powerful Payroll Engines: Streamlining of payroll processing for enormous datasets, thus in return, rendering pinpoint accuracy and up-to-date salary disbursement.

IRAS Approval and the Top-Grade Software Endorsement

Multiable HCM has received a nod from IRAS and is furthermore considered as the premium software in Auto-Inclusion Scheme (AIS) for Employment Income. This statement of support is a clear mark of the program’s capability in providing solutions for compliance and payroll management. On top of that, it offers a headache-free solution for Singaporean businesses.

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.