The pharmaceutical sector in Hong Kong is encountering multiple challenges leading them to seek innovative HR strategies. Moreover, the introduction of Human Capital Management (HCM) systems is seen as a significant benefit in this regard, as they help with the difficult regulatory demands and workforce management issues.

Which Problems Are the Pharmaceutical Sector Having?

The pharmaceutical sector is facing challenges related to regulatory compliance which demands frequent monitoring & updates. R&D innovation takes up priority of considerable resources and the talent issue while from the perspective of supply chains their reliability is always a matter of risk. In addition, the rise in labor costs and workforce management aspects are common hurdles in the sector, which are also found in others.

How Would HCM Systems Solve This Problem?

HCM systems do not only streamline management of compliance documentation but also they boost the efficiency level. Apart from that, HCM systems also have a module for talent management, retention of personnel that are reported to be highly qualified.
Automated processes have made it possible for the firms to properly manage costs, together with long service payments and payroll, thus, freeing up some space for operational improvement. Besides, the process of assigning shifts becomes hassle-free with the help of the system which guarantees workforce compliance and optimal staffing level in all sectors.

Ways for Successful HCM Implementation

To implement a robust HCM solution requires stakeholder alignment and a clear goal setting, in this way, all organizational needs are addressed. A gradual adaptation approach is a way through the continuously growing technical environment, and intensive training, using the system optimally as well as developing a culture of continuous improvement.

Why Opt for Multiable aiM18 for the Pharmacy HR Sector?

• Rule-based Workflow Engine: Guarantees the procedures to be followed according to strict regulations.

• Customizable Payroll Formula: Adapts payroll calculations easily reduces manual errors.

• Intelligent Roster Planning: Achieves optimal human resources and at the same time keep workers’ contracts.

• Unlimited Appraisal Forms: This allows for a variety of performance evaluation methods.

• ISO:27001 Certificate: This acts as a protection for sensitive data by providing security and integrity.

e-MPF Approval Benefits

Multiable aiM18 HCM being e-MPF approved ensures that it effectively supports MPF and IRD compliant documents, thus enhancing the HR operations of pharmaceutical firms in Hong Kong while they comply with local financial 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.