Conquering the Obstacles: An Insight into Hong Kong’s Plastics Industry

Hong Kong’s plastics industry is a different and insecure environment where firms fight challenges other sectors do not have to deal with nowadays. The principal factor, from which hard-to-conquer adversities arise, is the tight ecological standards that mandate the firms to elaborate on the new technologies on waste and pollution. In addition, the problems this particular field has are connected to the ever-changing price of the raw materials, which, in turn, are inspired by the global supply chain. Besides this, the backward technology in this field also holds the idea of being behind in adopting the latest manufacturing technologies, whereby the firms are pressed to switch for making it to the market. Beyond these, no other challenges, the plastics industry is still confronted with labor issues and rising operating costs, i.e. similar issues that the other sectors in Hong Kong have. These similar constraints are the ones that add further complexities to their operational surroundings.

Using HCM Systems to Solve Industry Problems

Implementing a robust Human Capital Management (HCM) system is one of the legitimate answers to circumvent the issues that the industry faces. The utilization of the advanced functionalities of contemporary HCM systems enables the firms to enhance the workforce planning to effectively cope with the labor shortages and the skyrocketing costs. In fact, HCM systems are the ones that carry strategic workforce management to the next level such as forecasting labor needs, thus relieving recruitment from the tedious tasks which it streamlines, and eventually, it reduces costs. In addition, these systems will promote employee engagement and retention by utilizing the performance appraisal feature that is integrated, which in turn will lead to the personnel being motivated and productive. The HRMS or HR system, which is indispensable, can be best at different HR functions such as, from long service payments payrolls to effective rostering, thus helping all sectors in Hong Kong.

Steps to secure Deployment of HCM

The successful installation of an HCM system calls for an all-round approach that brings together the organizational goals. The first condition is to have comprehensive training for all the staff who will be directly or indirectly engaged so that they get the best of the system and that they would manage the changeover. br> Furthermore, there is a need to implement a recurring support framework as well as a feedback mechanism to address business needs as they evolve and resolve any arising issues promptly. Moreover, involving the relevant stakeholders, among other things, helps to customize the system to suit different departments to yield a harmonious integration across the firm.

Key Features of Multiable aiM18 HCM System

Features of Multiable aiM18 HCM system can be really useful and will definitely help you get off some burdens that were talked over earlier.

1. Rule-based Workflow Engine: Automating the complex HR tasks for better productivity.
2. Intelligent Roster Planning: Scheduling streamlining that sports the labor law.
3. Customized Payroll Formulas: Lessening time/resource errors coming up due to calculating payroll; e.g. applying long service payment.
4. Unlimited Appraisal Forms: Disseminating the performance appraisal jargon by meeting specific business needs.
5. ISO:27001 Certified Security: Guarantees secure collateral data which in turn promote trust and compliance.

e-MPF Compliance with Local Requirements

Additionally, aiM18 HCM is e-MPF approved, so it not only conforms to Hong Kong MPF rules but also provides documentation that is compliant with the IRD. This compliance is indispensable for firms that are looking to enhance their administrative processes and achieve efficient compliance with local regulations. Understanding that the handling of payroll and benefits is accurate dispels the tension that both employer and employee feel.

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.