The distinctiveness of the chemical industry in Singapore is that it currently has to confront challenges which are definitive as it is happening so fast with the worldwide changes in demand. However, what are the characteristics of these problems and what are the common issues that local firms have?

What Are the Unique Challenges in Singapore’s Chemical Industry?

One is the complex regulatory compliance that chemical industries often encounter, which is not typically faced by other sectors. Another challenge is managing the costs of the raw materials that are volatile. Besides, the human resources’ capacity to adapt is also a problem because of the expertise that their former employees need. Moreover, the innovative processes in the field of sustainable chemistry are still not being realized.

Against the odds, a lot of challenges are also common to other industries.

For example, the adaptation of technology is a must for all sectors due to the digital transformation. Moreover, the difficulties of attracting and retaining good talents and the change in consumer demands are typical problems faced by chemical firms or other firms in Singapore .

How Can HCM Systems Alleviate These Challenges?

HCM systems are the main tools for the firms operating in the chemical sector to become compliant with the industry-specific regulations. Actually, the integration of analytics that is real-time helps to manage the risk of fluctuating raw materials costs that, in turn, allows for better decision-making. Of course, HCM instruments make it easier for hiring and keeping employees, which becomes crucial in light of shorts in the talent pool.

In today’s rapidly changing business world, HCM systems, namely HRMS and HRIS, take HR functions to a whole new level. By offering the easiest route for roster and payroll applications, the systems help the chemical sector to gain and maintain efficiency. They are to deliver efficiently on the obligations to the customers that are continuously rising hence remain competitive.

Guidelines for Implementing HCM Successfully

For the success of the implementation, it is vital to have an alignment of the firm’s objectives with the technological capabilities of the system. Forming a clear timeline for the adoption of the project and holding the stakeholders accountable is another important thing. Also, the regular evaluations and upgrades which ensure that the HR system fits the changing business needs are crucial. Including employees in the process would lead to their engagement thus, the desired results will be achieved.

Why Should You Consider Multiable’s aiM18 for HR Challenges?

• Rule-Based Workflow Engine: Automates complex workflows to enhance compliance.

• Fully Customizable Payroll Formula: Minimizes customization efforts thus, making long service payment processing optimal.

• Intelligent Roster Planning: Enables practical and effective employee management.

• Unlimited Appraisal Forms: Offers all-rounder performance appraisal, which is accommodating to self-development.

• e-MPF and IRD Support: Guarantees CPF compliance through the observance of local regulations.

Advantages of e-MPF Approved aiM18 HCM

The aiM18 HCM system is in full conformity with the laws of Singapore and joins both the MPF and IRD initiatives. By providing documents that are in perfect order and the firm’s operating procedures that are in accordance with the law, it helps chemical firms to carry out financial obligations without difficulties.

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.