While the POS sector continues to encounter various challenges in Hong Kong, technologies such as HCM or Human Capital Management systems provide the possible solutions that can speed up processes and make it possible to satisfy cutting-edge demands.

What are Some of the Major Challenges That the POS Industry Has to Contend with?
On the other hand, the specific challenges experienced in the POS industry often include technical issues like the implementation of chip cards, and management of all multichannels in one software, which creates anecdotal use cases as well as proofs of concepts for the software vendors. Besides POS, other industries also experience cybersecurity threats and the adjustment to rapid technological transformation.

Can HCM Systems Help in This Matter?
HCM systems are the best way of supervision because they centralize all the controls involved; more importantly, they increase efficiency and security due to personnel reporting, attending, and, of course, performance assessment purposes. The software for performance management allocates employees’ hours and matches skills; as such, it not only assists staff in performing several tasks but it also ups the ante on serbisyo efficiency, learning the lessons that other firms in Hong Kong had to face.

HCM systems also have a major role in payroll management including the annual payment of long service leaves, giving help to human resources teams as well. The strategically automatic scheduling of HR systems is the tool the industry needs to prepare for the fast changes, tech-wise.

How to Ensure Successful HCM Implementation
Because of the challenges involved in implementing HCM systems, meticulous project management is a must. The main focus should be interacting with all the stakeholders at all levels and be consistent with flexible and customizable HRMS software tools which can be tailored to meet particular requirements.

Multiable HCM – The Game Changer

• Rule-based workflow engine: Automation of tasks improves accuracy therefore it decreases manual errors considerably.

• Fully customized payroll formula: Cutting down the errors and costs of the time consumed due to incorrect payroll.

• Intelligent roster planning: Helps make sure the maximum utilization of the workforce by the people planning the roster.

• ISO:27001 certification: Applied with the newest technology for very high encryption and protecting the valuable data.

• Unlimited appraisal forms: Performance appraisal administration gets more flexible and tailored with the help of countless appraisal forms.

MPF Compliance Comes With a Lot of Benefits
aiM18 HCM is the e-MPF accredited platform which lets you go for MPF and IRD compliant papers automatically that possess premises kinds evaluate Hong Kong’s regulatory requirements with ease whatsoever.

The Future in the POS Sector
To the point, HCM and HR systems have become the central life-support systems for the POS sector, by processing payroll, ensuring compliance with the long service payment issue, and merely organizing performance reviews which afterward lead firms to cherry-pick the decision for the long-term.

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.