Overcoming the unique hurdles of the pharmaceutical industry in Singapore is excruciatingly tough which is why the solution is tough. However, incorporating a state-of-the-art HCM system will bring along substantial benefits including customized solutions for both industry and cross-industry challenges.

What are the Unique Challenges of the Pharmaceutical Industry in Singapore?

Pharmaceutical firms in Singapore battle with highly regulatory norms, rapid innovation cycles, and twisted supply chains. The hurdles call for the most sophisticated HR systems which can respond to the situation quickly. The issues from ethics to talent shortages that are swiftly changing things need separate solutions.

As many industries experience similar difficulties, such as talent retention and regulatory compliance, pharmaceuticals are also confronted by the lack workforce and augmented costs. Affected by the global supply constraints and the need for special skills, this problem has compounded. 

What Are the Ways HCM Systems Can Overcome These Issues?

HCM systems are more adaptable, assess and improve compliance with regulations, help manage operations more efficiently thereby reducing costs, and support workforce management. Actually, they will take on the administration tasks making it possible for the firm to focus on research and innovation.

Implementing a right HRIS can also influence the organization’s costs linked to workforce attrition by offering personalized career paths. HRMS software that is aligned with GDPR and local regulators will facilitate the compliance process, which is a challenge that the pharmaceuticals always have to deal with.

Steps to Making HCM a Success in Business

Needless to point out that successful HCM implementation rests on a strategic plan being in place. It entails doing needs assessments, wisely allocating resources, and providing adequate training. The organizations should ensure that the user engagement is prioritized so that the systems are effective and user-friendly.

List Some Key Features of Multiable aiM18 HCM System.

• Rule-based workflow engine: automate operational processes to enhance efficiency.

• ISO:27001 certified: A guarantee for data protection through solid encryption.

• Intelligent roster planning: Facilitating compliance with the local labor law and optimizing the workforce allocation.

• Fully customized payroll formula: Minimizing the errors thus enhancing accurate long service payment computations.

• Unlimited appraisal forms: Fantastic for performance appraisal, allowing flexibility in staff assessment.

aiM18 HCM & CPF Compliance: Guaranteeing Local Conformation

aiM18 HCM is CPF and all other Singaporean regulations-compliant. This HRMS software supports MPF and IRD-compliant documents, which help your organization work in alignment with both local and international standards.

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.