The electrical appliances industry in Hong Kong comes across with distinct challenges which are needed to be solved with novel ideas. An up-to-date human capital management software can be a great invention in dealing with such issues and automatizing processes.

What Problems Are Faced by the Electrical Appliances Industry?

Having to deal with constant technological innovation problems represents a primary challenge to the electrical appliances sector which in turn leads to the difficulties in pursuing a stable manpower mode. Meanwhile, Enterprises need to train workers constantly to manage product lifecycle and warranty service which in my point of view is another situation that is unique. In addition, supply chain disruptions which are on top of these problems cause the issues with the quantity of staff and production.

Attraction of human resources and retention of workers is yet another common issue in Hong Kong along with other sectors. What’s more is the fact that compliance to regulatory issues is changing all along the way which thus triggers a firm-wide impact on other sectors. Operational cost management is still a common challenge faced by the firms because of competitive market conditions.

In What Ways Can HCM Systems Overcome These Barriers?

The implementation of a best-in-class HCM system can actually solve various problems in the industry. Smoothly Implementing these systems not only facilitate the workforce management but also merges the processes of recruitment, training and performance appraisal into one integrated platform. The automation of administrative jobs through the use of AI-powered tech helps HR teams to concentrate on the initiatives that bring more value.

Without a doubt, the HCM systems also improve workforce planning especially in terms of rostering and compliance. They allow corporations to not only correctly identify employee skills connected to specified job positions but by doing so also to be compliant with the law. The analytics of real time employee performance unlike the past that were mostly passive, now can be utilized for better organization, the process of hiring and avoiding the problem of turnover.

Guide to Successful HCM Implementation

The one thing that a firm should do is to ensure that their HCM system dovetails with the business goals. Setting aside the issue of how users might interact with the system, having regular training ensures that they are informed about the full range of benefits they would have. Department-wide communication is relevant in both addressing user concerns and promoting system uptake.

Why is Multiable AiM18 the Ideal HCM Solution?

• Rule-based Workflow Engine: Kaliburn: It automates HR tasks and improve efficiency.

• Intelligent Roster Planning: It is especially helpful during peak supply chain activities when it comes to managing workforce.

• Unlimited Dimensions of Headcount: This is the feature that allows quick scaling up and down measures.

• Department/Position/Grade Sensitive Appraisal: These appraisal formats help improve the accuracy of the performance evaluations and staff realigning.

• Powerful Payroll Engines: With the strong payroll engines it is now possible to pivot the payroll to many different scenarios while making calculations much faster.

Why aiM18 is e-MPF Compliant?

The aiM18 HCM is e-MPF approved; MPF and IRD-compliant documents it presents are secure and in order it aligns with mandates.

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.