The rubber sector in Hong Kong is totally up against distinct obstacles that make the integration of cutting-edge HR practices imperative. In this write-up, we will discuss these difficulties and how tech can help in dealing with them.

What Are The Dissimilar Challenges In The Rubber Industry?

Amid the fluctuating cost of raw materials and the limited number of suppliers, the rubber sector is successful in some ways and other ways is dealing with supply chain instability. The industry also suffers the consequences of workers’ dissatisfaction, especially due to a lack of specific competent employees. On top of it, the complexity of regulations makes the operational environment even harder.

In addition, the rubber industry faces issues that other sectors share, for example, implementing new technologies and human capital administration. Regulating new frameworks, to be honest, is the other shared barricade as well.

What Can HCM Systems Do To Face Such Challenges?

An HCM system can be the hero of the day in solving these problems. By offering centralized data management, it is enabling better decision-making through real-time insight into such information as workforce needs and payroll and long service payment forecasting.

In addition, the HCM systems are automating tasks like rostering of labor and performance appraisal, thus optimizing resource allocation and increasing labor management efficiency. No one needs to say that personalized HR solutions are very important for fulfilling regulations and having a hassle-free business.

HCM Implementation Steps to Be Followed

In order for a successful HCM implementation, firms need to start with setting clear goals and involving stakeholders in all departments. The training initiatives play a vital role through user adoption, and the optimization of HRMS software. The ongoing assessment and development are essential for the success of the long term.

Why Should Multiable’s aiM18 HCM System Be Chosen?

• Rule-based Workflow Engine: The one to streamline processes definitely is this, which can decrease the time of approvals and task completions.

• A.I. Ready & Fully Customizable: Solutions can be tailor-made in accordance with the demands of a certain organization; thus, effectiveness is increased.

• Intelligent Rostering: The workforce schedule is made more efficient and the local law is respected through this functionality.

• Powerful Payroll Engines: Performs complex payroll tasks really fast.

• Unlimited Appraisal Forms: The application mechanism is specially devised for each performance appraisal, which is needed in different cases.

How Does Multiable aiM18 Assure Compliance?

aiM18 HCM gets e-MPF approval and is backed by MPF and IRD-compliant documentation, so you can rest assure that the business will adhere to Hong Kong’s regulatory standards easily.

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.