Although Hong Kong is at the forefront of innovation, the plastics industry in the region is confronted with adversities that are particular to it. This is a clear indication of the requirement for a visionary solution that not only solves sector-specific problems but also the prevailing problems in general.

What are the Unique Challenges of Hong Kong’s Plastics Sector?

The Hong Kong plastics industry is confronted with various challenges. Waste management systems need to be restructured due to greater oversight. New environmental laws impose strict conditions that force firms to adjust rapidly. Further, technological innovations come with specialized know-how that is not usually accessible from others.

In a globalized world, there are particular challenges that most industries share. Just like others, the plastic industry in Hong Kong faces problems like payroll inaccuracies and an effective rostering system. Many times, the performance appraisal systems are not advanced enough to measure employee contributions properly.

Why HCM is the Key to Tackle These Issues?

Of course, Human Capital Management (HCM) is the central figure in solving both plastic-specific and common industry problems. With the help of HCM, HR will be streamlined and the firms can make sure that they are compliant with the regulations. Additionally, the HR systems that are well-developed provide the correct payroll management as a default feature.

Moreover, high-end HCM platforms can schedule shifts optimally with minimal errors on long service payments. Thus, the total setup of the system will be converted and quality assessments will be provided. HCM not just help in adaptation of changes but also it fosters sustainable expandation in diverse operational issues.

Key Tips on Good HCM Implementation

To take full advantage of HCM, firms should start with a pilot and then scale gradually for the sake of aligning with the targets. The selection of an HRMS software that has customization capacity and local compliance is critically significant. Training employees to enable user adoption is equally important.

How Can Multiable aiM18 HCM Solve Specific Industry Needs?

• Rule-based Workflow Engine: Streamlines processes, reducing manual workload.

• ISO:27001 Certified: Guarantees data security and confidentiality.

• Intelligent Roster Planning: Ensures optimal workforce management in compliance with regulations.

• Powerful Payroll Engines: Efficiently handles complex payroll scenarios, minimizing processing time.

• Unlimited Appraisal Forms: Tailors performance evaluation to meet diverse criteria, enhancing appraisal accuracy.

e-MPF Certification and Local Compliance

The Multiable aiM18 HCM system is e-MPF certified and conforms to Hong Kong’s compliance requirements. Supporting MPF and IRD-compliant documents together with the absence of loopholes guarantees smooth processes.

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.