The electronics sector in Hong Kong is vibrant, but it faces both unique and common challenges. As firms are striving to stand out in this maze of challenges, they are studying diverse approaches, which include automated HR systems like aiM18 that blur the line between operational efficiency and employee satisfaction through innovation.

What Challenges Are Facing Hong Kong’s Electronics Industry?
As the electronics industry progresses through the technological curve, this sector faces a problem of skilled workers evaporating and a concomitant rise in labor costs. Moreover, variance in the required quantum of materials is an outlier feature in this line of industry. That is the reason for the imposition of international standards as an encumbrance both domestically and overseas. In addition, besides implementing a digital transformation, retaining talents is a common problem in many sectors including electronics.

How Do HCM Systems Benefit the Electronics Industry?
With the help of an efficient HCM system, the recruitment and onboarding processes are beneficial for managing the labor pool. The application of the technology ensures compliance with the changing regulations. What is more, the employee engagement will be higher as the schedule is optimized, and the performance appraisal features are suitable. HCM systems can help to increase the accuracy of the payroll and the long service payments, thus creating the sense of security to the employees.

Guidelines for Successful HCM Implementation
It goes without saying, that the successful HCM implementation is basic for defining the main needs of the business and including them in the HRMS software working capacity.

The effective training programs are provided to the staff for ensuring their proficiency. In the gradual adoption of the program, it helps in cutting down on the disturbances. The constant evaluating and altering of the system keep the HRIS in line with the constantly changing needs of the firm.

Why Is Multiable aiM18 HCM System Ideal for Electronics Companies?

• • Rule-based Workflow Engine: Decision-making process and operational efficiency are both getting enhanced.

• • Intelligent Roster Planning: This can be done by optimizing workforce scheduling and facilitating compliance.

• • Unlimited Dimensions of Headcount: This is helpful in managing various teams with ease.

• • Powerful Payroll Engines: That are quite efficient and accurate in executing payroll, which greatly drives the employees’ satisfaction.

• Unlimited Appraisal Forms: Performance appraisal processes can be tailored according to the needs of the department.

e-MPF Approval Secures Compliance in Payroll Processing
Solving all the problems related to payroll processing is the e-MPF approval of the aiM18 HCM system which certifies its handling of MPF and IRD compliant documents thus ensuring secure payroll processes and compliance with local regulations in Hong Kong.

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.