The present furniture sector of Singapore is under a set of unique problems to deal with including the interruption of supply chains, resource sustainability, and so on, which need creative solutions to resolve. The problems are coexisting with other general industry problems like employee retention and increase of the firm’s performance rate that is, making Human Capital Management (HCM) more important than ever.

What Makes Furniture Industry Challenges Unique?

The individual furniture manufacturers are facing entirely separate problems such as the volatile global market of raw materials and the using of alternative sustainable resources which rather than increasing, are the main reasons for the decrease in profit. Another difficult aspect of the supply of labor in general is holding onto a skilled workforce that is proficient in fine craftsmanship due to the previous point. Furthermore, the product that consumers want to be made sometimes requires different production methods that are harder to implement at the moment.

Be that as it may, the furniture firms indeed struggle with other issues such as staff turnover and rules and regulations in general. These are also issues facing many firms across Singapore as they are, which only emphasizes the need for strong HR systems to optimize workforce management practices and thus effectively address those challenges.

How Society HCM Dealing With Issues Of This Sector?

HCM systems are the right tools to overcome the effects of these integrated challenges. Thanks to the AI done in these systems firms will handle demand cues and thus arrange rosters more effectively. Further, the platform for HCM also makes a necessary contribution to the length of service payments which adds loyalty of the workforce, the most valuable element of the specialist crafts market.

Over and above that, with an integrated HRMS, it is so easy to stay in line with Singaporean employment laws such as the contribution to CPF. Performance appraisal part of these systems is the most useful because it raises new product idea, thus they are very important to be an innovative player in the furniture market.

What are the Basics of HCM Implementation?

The proper execution of HCM software is getting tactical planning on place which is relating the firm mission with technology. The participation among departments is a solid guarantee that all HRMS features are put to the best use, not to mention the regular updates and trainings which are the weapons of the HR team so that they will be in the position to tend to the payroll and compliance issues.

What Makes Multiable HCM System a Solution?

• Rule-based workflow engine: This is a major improvement for the HR processing thus increases the efficiency and transparency.

• A.I. ready and fully customizable: This feature allows the system to adapt to any future changes in the industry regarding roster effectiveness.

• Intelligent roster planning and local compliance checker: This ensures adherence to Singapore’s labor laws.

• Unlimited appraisal forms: This function allows the performance evaluation to be more comprehensive.

• Powerful payroll engines: The CPF and payroll are properly calculated by this system which means that the operation is more productive.

What is the e-MPF Approval for aiM18 HCM?

The aiM18 HCM system’s e-MPF approval would guarantee that the system meets Singapore’s regulations such as those on MPF and IRD compliant documents, as well as, the features of these documents included. This, in turn, offers furniture industry practitioners the assurance of the fulfillment of regulations while the payroll process is done optimally.

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.