Inventive Answers to Overcome Singapore’s Sportswear Issue

The sportswear business in Singapore has always illustrated a sense of dynamic movement and creative thinking. However, being a player in such a lively market brings its fair share of complications. In contrast to other industries, the sportswear market spores a limitless consumer base that mandates both extensive product design and far-reaching distribution channels. The competition for the quickest entry of new skews shows that innovation costs are larger but the cycles are shorter now. Further, the problem of staffing logistics, arising from the difference in sports trends throughout the year, is particular to this sector.

In parallel, Singapore’s sportswear firms also cope with challenges that are prevalent in many industries. Dealing with the complexities of regulations concerned with employment policies and CPF compliance (Central Provident Fund), as well as maintaining efficient payroll management, are the main issues. Furthermore, it is a must to cope with digitization, and the sportswear ecosystem in Singapore is no exception, needing the right kind of HRMS to manage these changing demands.

HR Processes Overhaul via HCM Solutions

Thanks to these multi-layered problems, it has turned out the implementation of the Human Capital Management (HCM) system is becoming increasingly a strategic necessity for the sportswear brands in Singapore. Automating key HR functions through HCM solutions generates considerable gains in efficiency and compliance while freeing up the HR teams to devote attention to their strategic initiatives. When it comes to management of CPF and payroll, these systems will help in running these processes timely and with less errors while increasing employee satisfaction.

In fact, performance assessment processes also get enhanced. So their effectiveness will be higher than before._HCM systems performance appraisal processes become streamlined with HCM systems, allowing firms to better align employee goals with organizational objectives._ These platforms are rigid equipped to handle roster planning and performance metrics which are the main issues for better decision-making. And, most importantly, by possessing the ISO:27001 certification, data protection is further ensured which empowers HR professionals to handle employees’ sensitive information in a more relaxed manner.

Steps for Profitable HCM Use

Of course, a new HCM system needs to be implemented only through appropriate and well-developed practices to gain all the benefits. The foremost step is performing a detailed assessment of the need of both the business and the employees for setting a clear alignment. Once that is done, a phased rollout will help in the matter of lessening disruption through allowing teams to adapt to the new processes gradually. Finally, regular training will make sure that users are in a position to display skill and confidence in the use of the new apparatus.

The Multiable aiM18 HCM System’s Advantages

The Multiable aiM18 HCM system is built with numerous features that specifically tackle the sportswear industry’s issues in Singapore.

• Rule-Based Workflow Engine: Customization of workflows ensures compliance and streamlining of internal processes easily.

• ISO:27001 Certified: Encryption of critical personal data leads to high data security and proves to be the only answer to this problem.

• Intelligent Roster Planning: Helps to do the seasonal labor adjustments efficiently while taking care of local compliance issues.

• Powerful Payroll Engines: Execute a million payrolls in no time while ensuring the highest accuracy and efficiency.

• Unlimited Appraisal Forms: Unbending mechanism which grants the departments the right to tailor performance evaluation to their needs only.

Recognition and Compliance with Multiable HCM

The Multiable HCM system, which has already been awarded a recognition from the IRAS for being fully compliant with the Auto-Inclusion Scheme (AIS), serves as a prime example of compliance. Companies that choose this HR system can be certain that they are using the highest quality software that is designed to meet all compliance requirements for employee income.

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.