Confronting the ongoing fast-moving consumer goods (FMCG) business sector in Singapore, entities experience distinctive pressures that call for creativity in solutions. Since technology progresses and reshapes nearly every sector, the reliance on efficient Human Resources (HR) systems has become even more important to handle staff complications effectively.

Which Issues Are Involved in the FMCG Industry of Singapore?

FMCG in Singapore is beset with the issue of product lifecycle being elevated due to the rapid product turnover and also due to systematic local rules, which are not as serious in other industries. To make things worse, firms are now more affected by unforeseen changes in the consumer market. Supply chain disruptions and recruitment difficulties impact both the FMCG industry and other sectors, as consequences of world uncertainties.

How Are the Challenges Alleviated with HCM Systems?

HCM systems are the mainstay of proper management and in this respect, they hold a pivotal position in the FMCG sector. They can be programmed to carry out most of the routine HR tasks, thereby, freeing the HR personnel to attend to other issues. Smart rostering adjusts to the variable workforce needs, thus guaranteeing the optimal number of staff. HCM solutions have the advantage of working in various settings, thanks to their flexibility.

Moreover, HCMs like HRMS software and HRIS provide better performance appraisal models. They can do individualized assessments, such as the motivational factor of alignment with rapidly changing firm objectives. The HR systems are also the backbone of the execution of the payments, which is essential for the morale of employees to be high in Singapore’s competitive job market.

Steps to Implementing HCM Successfully

A successful HCM implementation requires the firm’s strategic alignments to be met. Firms should emphasize the use of visual interfaces that are user-friendly to encourage the system with the widest adoption across the group. Moreover, the establishment of regular feedback mechanisms, safeguards the systems’ improvements, ensuring they align with the organization’s evolving needs thus resulting in long term successes.

How Do the Outstanding Features of Multible’s aiM18 HCM System Help Address Industry Challenges?

• Rule-based Workflow Engine: Helps HR personnel with automation of the processes effectively.

• A.I. Ready and Fully Customizable: Is adaptable to specific FMCG needs.

• Powerful Payroll Engines: Can quickly calculate payroll transactions.

• Intelligent Roster Planning: Ensures the right persons with the right skills are allocated to the tasks.

• Department/Appraisal Sensitivity: Is possible with the customized appraisal function for correct ratings.

Regulatory Compliance and aiM18 HCM

aiM18 HCM is a compliance tool that continually works with e-MPF and CPF and in this way, it helps in maintaining compliance. It also generates IRD compliant documents to ensure that the multinational firms are rightly aligned with the local forms and regulations in Singapore. Thus, it indeed adds to the reassurance of firms.

Adopting the Technological Approach in the FMCG Sector

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.