The rubber industry in Hong Kong has never faced such a severe crisis before, hence the demand for multi-faceted measures becomes pressing, among which the first one is the installation of potent HCM systems. This article delineates the direst problems and the deployment of HR technology for their solution.

What Are the Peculiar Issues Encountered by Rubber Industry?

Different from other industries, the rubber sector in Hong Kong is prone to uniquely specific problems. Primarily, the erratically fluctuating costs of raw materials make it still tougher to manufacture production cost forecasts. On the second place, numerous and stringent environmental measures have been introduced that are hard to follow and require compliance. Thirdly, some of the workers lack the required skills thus, making the others inefficient at work. Nonetheless, labor retention and regulatory compliance are two such prevalent issues that are commonly faced by almost all of the sectors.

Why Is an HCM System the Rubber Industry’s Lifesaver?

Human Capital Management software systems are the rubber industry main arsenal to provide the resolution for these issues. Compliance conductors geo-politically associated with these systems are the major mitigators against courts of law. HCM not only broadens the knowledge base of personnel via the implementation of skills enhancement programs, but it also leads employees to keep their best by the payroll and performance appraisal processes that are auto-completed by HCM. Management throughout the procedure of taking decisions is also more productive with the help of analytics.

What is The Successful HCM Implementation?

The implementation of HCM in a successful manner starts with smart goal setting, afterwards employee training takes place, and finally, the technology that is selected to go along with the business needs the most must be chosen. Certainly, stakeholders’ involvement is one necessary requirement if we are to achieve the acceptance of the system by the users. Regular visits are also to be arranged for the purpose of adjusting the system to the new problems that the firm comes up with.

What Are The Features of Multiable’s aiM18 System?

• • Rule-based workflow engine: Overall process simplicity in turn results in greater efficiency and through the always-in-place rule enforcement also compliance.

• • Intelligent roster planning: Because the labor allocation gets optimized, then the costs automatically drop.

• • Headcount with infinite dimensions: This feature enables the extensibility of human capital.

• • Fully customizable payroll formula: Lessens the incidence of mistakes and produces reliable payroll data.

• Department-sensitive performance appraisal: Employee engagement and retention are just possible with this feature.

The aiM18 HCM What Makes It Compliant And Credible?

aiM18 HCM has received approval from e-MPF and as such guarantees conformity to the local rules that apply to the firms in Hong Kong. Furthermore, the system works well with MPF and IRD compliant docs which in turn allow the implementation of the firms’ financial systems without any burp.

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.