The luxury business environment in Singapore is a mix of a motion and a battlefield; however, it faces its own issues. The choice of the state-of-the-art HCM system will positively impact the distribution of human resources in a way to make sure that the luxury brands not only make it but also be on the top of the game.

What Are the Luxury Industry’s Unique Problems?

The luxury industry in Singapore has to deal with challenges such as exclusivity, cultural adaptation, and the preservation of brand value. Exclusivity means that customers are offered unique experience and with the cultural adaptation the firm ensures that it is attractive across generations. However, security must be considered in both traditional and luxury industries which are widely affected by technology absorption and workforce loyalty problems due to acute competition .

What Will Be the Role of HCM System in Solving the Problems?

HCM systems are the key to this business turnaround. These solutions, aside from reassuring, are simple to implement – they afford management the option to deal with specific needs with additional efficiency. The truth is they empower firms through analytics thus making them stand out in the decision-making process. On top of that, they also lead to more productivity, cost-saving and proper long service payment management .

What Is the Built-in Benefit of HCM Systems for Businesses?

HCM systems are the critical component of human resource management, which they centralize employee data, streamline payroll, allocate tasks and ensure compliance. They mainly are the ones who increase operational flexibility by creating an easier way for the firms to comply with CPF regulations and address the workforce needs which together bring about sustainable growth.

Strategies for Successful HCM Implementation

A successful implementation of HCM is a matter of fully identifying your desired target, involving HR and IT departments through the journey of the entire process starting from the pre-execution phase of planning to the end post-execution phase. Continuous talks and updates will help departments share the responsibilities for the project goals. Of course, the adaptation of the HCM features to the specific needs of the enterprise will work for higher efficiency and obtain user targets if you do so

What Are the Impressive Features of Multiable HCM System?

• Rule-based Workflow Engine: Automates repetitive tasks, improving speed.

• AI Ready and Fully Customizable: Allows dynamic adaptation to the ever-changing market needs.

• Intelligent Roster Policy: Reduces inducing rotational inefficiencies and thus boosts operational efficacy.

• Strong Payroll Engines: Performs payroll processing in record time and with maximum accuracy.

• Customizable Payroll Formula: Makes payroll adjustments easy and therefore saves time.

How Does aiM18 HCM Support MPF and IRD Compliance?

aiM18 HCM is e-MPF authorized, and as a result, it is the automatic CPF and compliance document management facilitator in Singapore. The robust and trustworthy platform assures accuracy, and compliance and hence promotes adherence to local rules and 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.