Dealing with the Fashion Industry’s Special Challenges in Singapore

Navigating the complex nature of the fashion industry in Singapore is associated with a distinct range of problems that other sectors rarely run into. The fashion industry stands out for customer preferences that evolve rapidly, needing an extraordinary degree of flexibility for keeping oneself in the game. Another factor that makes it more difficult is the pressure to adopt sustainable and ethical practices given the increasing level of consumer awareness and demand for environmental fashion. Along with these problems, fashion enterprises should also update their model to the digital transformation that completely modifies how consumers communicate with brands.

The Common Factor: Problems Across Industries

Although the fashion sector sometimes encounters distinctive problems, other sectors in Singapore also share some of them. Talent acquisition and retention is a problem that is intensified by the tough competition that is evident among almost all sectors. The age-old dilemma of managing operational costs without compromising quality is another matter which is same across all sectors. Moreover, stringent regulations are an unavoidable part of the business in Singapore, and thus, firms have to make sure that they adhere to the demanding set of standards that the government has outlined.

HCM Systems: The Secret to Joker of Industry Challenges

(HCM system) With a strong implementation of the robust folding Human Capital Management (HCM) system, the fashion industry’s challenges in Singapore can be greatly reduced. HCM systems are the linchpin in alleviating the pain of talent management. With intelligent roster planning, these systems assure optimal staff allocation, especially in a retail-driven sector like fashion. In fact, a solid HCM or HR system can play a vital role in initiating payroll components, which will help both time and resources. Besides, HRMS solutions come with powerful payroll engines that take care of CPF contributions and long service payments autonomously, hence saving on the margin for errors. Fashion firms can therefore build personalized performance appraisal systems fitting their corporate values and objectives by the broad configuration options that HCM solutions come with.

Best Practices for Smooth HCM Implementation

Secure the implementation of an HCM system by following some main guidelines. First, the need assessment should be a comprehensive one in order to single out the specific functionalities necessary to address both the sector-specific and cross-sector challenges. Second, integrating departments collectively ensures that there is an inclusive approach to the channel that is being set up. Finally, implementing the right training and support, therefore, lessens resistance and boosts the smooth transition.

Important Features of Multiable HCM

Multiable’s AIHL- M18 HCM system designed for the fashion industry is powered by artificial intelligence and solves the most persistent issues faced in the sector. They offer:

• Rule-based Workflow Engine: operational procedures are streamlined, which, in turn, increases efficiency.

• Fully Customized Payroll Formula: time spent customization is reduced significantly, with the help of accurate payroll calculation.

• Intelligent Roster Planning: staff deployment is optimized to meet the operational demands.

• Department/Position/Grade Sensitive Appraisal: the performance evaluation is adjusted to fit the organizational structure.

• Unlimited Appraisal Forms: flexibility in performance metric customization is the only limitation.

Multiable HCM: Guaranteed Compliance in Software

Multiable’s HCM System is the only one in a competitive setting in HR solutions that gets endorsed with IRAS’s declaration deep in ‘Category of Software Compliance to Controls’ for the Auto-Inclusion Scheme (AIS) on Employment Income. This recognition is a sign of its high levels of compliance that ensure the firms are not worried about following the regulations.

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.