In the fast-developing biomedical technology area in Hong Kong, the distinctive problems call for the resourceful solutions from human resources. We can discover how the Human Capital Management (HCM) systems can be optimized to the high level to advance biotech firms.

What are the Unique Challenges in the Biotech Industry?

In Hong Kong, biotech firms encounter multifaceted procedural challenges as they acquire new guidelines ensuring absolute compliance, distinct from all other industries. Based on researches, they endure the ballooning allocation of money for R&D. Furthermore, governmental funding is extremely difficult to secure because they require very specific kinds of technologies. Besides, talent shortages in tech and changes in the economy negatively impact all sectors creating human resource problems.

How Can HCM Systems Cavalry These Problems?

A comprehensive HCM system manages the navigation of regulatory compliance and funding via a streamlined process. As a result, it centralizes data, correction of errors and improved the management of R&D is achieved. More so, high-profile HR software arranges practical recruitment thus, bridging the tech talent gap by locating suitable candidates with short time.

Furthermore, these systems manage well the operational productivity with the help of payroll automation and smart scheduling. With user-friendly interfaces, HRMS software delivers hassle-free management of operations while increasing output and lowering costs. Above all, the performance appraisal tool assures the ongoing development of talent which is in line with the strategic goals.

Instruction for the Effective HCM Rollouts

Adjust HCM rollout to corporate objectives, laying emphasis on user-friendliness. Of course, clear communication among stakeholders eases the training process. Consult extensively, making sure the HRIS fits the compliance standards in Hong Kong. The firms are to make the critical planning and allocate resources properly in order to enjoy the long-term benefits.

Advantages of the Multiable aiM18 HCM Choosing?

• The A.I. Ready Customization: This is a boost to boosting the workflow efficiency with customizable features and the flexible adjustment of the system to the changing biotech needs.

• Rule-based Workflow Engine: Ths means that the processes of regulations are simplified and compliance is practically a default start setting.

• Intelligent Roster Planning: This is a powerful tool for the effective distribution of resources that leads to a decrease in labor costs and a better project management.

• Powerful Payroll Engines: Top-notch software for payroll management that is swift and accurate in the realization of complicated payroll calculations.

• Unlimited Appraisal Forms: This allows a full performance evaluation of the staff and it can be personalized to the required skill assessment in a biotech firm.

The Advantages of aiM18 HCM‘s Conformity with e-MPF Standards

aiM18 HCM is e-MPF accredited, it endorses the MPF to be compliant with the Hong Kong legislation and IRD downloadable documents. As a result, this would allow for a smooth and error-free undergoing of the financial processes thus, reducing the regulatory risks and gaining the trust of the regulatory authorities.

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.