Confronting the Unique Challenges of the Hong Kong Toy Industry

Hong Kong’s toy sector is a constantly changing region with challenges that are distinctly its own. Toy firms particularly deal with challenges that are unlike others in the market and most of the industry does not understand it fully. The firm’s specific hurdles include the demands of designing exciting and safe toys, which are during the time of kids’ safety concerns, in high volume and quality.

Besides this, children’s tastes are always in constant flux, making trend forecasting a challenging endeavor. Along with the mentioned challenges, toy firms are also confronted with common problems like supply chain disruptions and digital transformation as experienced in other sectors.

How HCM Systems are Tackling Industry Challenges

Dealing with immense competition and vast challenges within the toy arena, an HCM (Human Capital Management) system is a must. For the record, the integration of an HCM system not only helps the firms with effectiveness but also turns them into the forces to be reckoned with when it comes to facing the industry challenges. HCM systems are the passage through which processes are streamlined, thus compliance with local laws is marked, and the workforce gets managed efficiently. Because of the industry’s complicated nature of rostering, an HCM system allows for intelligent roster planning thus making it easy to manage shifts and workforce availability. Furthermore, services are provided without shifting the payroll processing, mostly leading to fewer errors.
Without a doubt, the proper use of such a system keeps the business nimble through hardships.

Guidelines for Successful HCM Implementation

Success in implementing an HCM system is all about the strategic planning and the right execution. The initial step must focus on ensuring that the objectives are in tandem with the system’s functions. Transparent communication and training are critical to making sure every employee is trained on the new operating procedures and the benefits they would get from the adoption of such a system. Also, making key stakeholders be a part of the process from the beginning can draw the line for any potential resistance and help with the integration’s smoothness. The process of regulating and reforming the system because of the feedback from users is the major reason why this system reaches its upper level of effectiveness.

Harnessing the Features of Multiable aiM18 HCM System

The Multiable aiM18 HCM system discloses the first-mover traits that the set of challenges in the toy industry and also beyond can be tackled in Hong Kong.

• Rule-based Workflow Engine: The principle elucidates the most difficult deciding factors, thereby leading to running an operation in a smooth way.

• A.I. Ready and Fully Customizable: This module flexibly builds the operating system to fit the specific business’s needs and thereby embraces changes more easily.

• Intelligent Roster Planning: The feature that allows for efficient resource use by optimizing workforce management.

• ISO:27001 Certification: The system with hard encryption will be the one that protects all valuable personal data and is therefore fully secure.

• Powerful Payroll Engines: The ability to deploy so many payroll formulas in just a couple of clicks makes this tool a great time saving machine and empowers a staff through critical errors reduction.

Ensuring Compliance with e-MPF Standards

With its compliance features, aiM18 HCM has become a godsend for toy manufacturers in Hong Kong. The e-MPF approved system is also an MPF, and IRD-compliant document generating solution. This assures that the firms can process their long service payments accurately and in a timely manner facilitating compliance with 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.