The Singapore plastics industry demonstrates some of the hardest circumstances, consequently, the industry needs innovative solutions which include the aiM18 advanced HCM system. The following problem relates to the struggle the plastics industry faces with high dependency on raw petroleum products coupled with strict environmental regulations. Companies have to deal with an equation of sustainable practices versus competitive pricing, a puzzle not as common in the remaining sectors of Singapore. We are all witnessing this ongoing global challenge for having the issue of dynamic workforce.

Talent shortage and high labor costs are causal factors of global supply chain disruptions and impinge on a number of firms requiring a strategic method in the case of rosters and CPF compliance.

Where Do HCM Systems Assist?

Thanks to automatic human capital management HCM systems, pressure like employee retention and conformity to rules could be easily overcome. They update their performance appraisal systems, now they are entitling every worker to decide on the goals of the sequence and at the same time the respective HR director and the compliance officer are establishing the rules. Besides, the systems are more user-friendly and long service payment processes are better optimized, which means fewer payroll burdens for HR teams. Yes, indeed, smart rostering means the best use of employees’ time, so the labor costs are reduced. Moreover, HCM systems give real-time data that are necessary for proper decision making and for the firm to be able to start a global market quickly.

Guide for Efficient HCM Implementation

It is a piece of advice beyond question that HCM implementation could be a success just with a correct classification of the organizational needs and training sessions that deserve mentioning. The firms should ensure the data integrity and regularly adapt the HRMS software to comply with the changes in regulations. The incorporation of software must guarantee CPF and IRD compliance.

What Are The Benefits of Multiable aiM18 HCM System?

• Workflow engine based on rules: Streamlines the entire HR process smoothly, leading to greater efficiency.

• Intelligent roster planning: Optimal workforce development is assured, thus reducing operational costs.

• User-defined compliance interface: Simplifies the process of adhering to local labor laws.

• Absolute tailored payroll formula: Summarizes, thus, lessens the errors of the complex payroll processing.

• e-MPF Approval: The HCM version is e-MPF-approved.

• aiM18 supports the MPF and IRD compliant documents that are mandatory in regulatory compliance assuring the smooth operation of the businesses in the competitive environment 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.