Dealing with the Challenges and Opportunities of the POS Sector in Hong Kong

In the vibrant business atmosphere of Hong Kong, the Point of Sale (POS) industry is currently in a unique position grappling with challenges as well as many possibilities. It makes transactions effortless as the connection between this industry and fintech is the one that opens and closes the door to commerce. Yet, despite its critical role, it contends with obstacles that require it to think outside the box.

The Intriguing and Collective Difficulties in the POS Sector

The POS market in the city is grappling with problems that the rest of the industries hardly come across. The rapid rhythm of payment technologies’ breakthroughs leads to an eternal requirement for systems’ adaptation. Therefore, technological obsolescence becomes a real risk for them. Furthermore, managing a large amount of the sensitive customer data that POS systems deal with means that very strict cybersecurity measures must be implemented—a dominant concern that is rarely totaled up in the case of other fields. In addition, keeping a system that is both updated and in tune with the local laws is not that easy.

Like other fields, the POS sector also deals with employee management problems such as the optimization of work schedules and the correct handling of payroll which includes long service payments and the like.

Harnessing the Resource of HCM Systems to Surpass the Problems

With these hardships in mind, Human Capital Management (HCM) systems become the most reliable partners for a POS firm. These systems help the firm to avoid workforce management problems such as payroll processing, which is the only way to be on the right side of the legal issues that are always growing in number in the BMI environment.

HCM is the only system that can do all of this well: managing a number of different payment calculations, dealing with local laws, and so on Execution of such tasks is possible with HCM when it is a fully fitted solution and by balancing the flexible leave arrangement.

What is more, the HCM systems like HRMS software can supplement the sports team with more players by making the best use of their resource planning and allocation capability? Yes, precisely, maximum resource allocation and optimization become feasible only with the help of intelligent rostering, which sit as the topping on the salary cap scheme. In addition, these systems assist in bettering employee performance review processes by the provision of precise data about the staff productivity and their growth. It is obvious that a systematic HCM overhaul leverages the firm’s strategic HR targets that would, in turn, lead not only to better efficiency but also to happier staff.

HCM Implementation Tips for Success

POS enterprises that would like to make the most of the HCM are recommended to follow the guidelines below for successful implementation. First of all, needs analysis is of prime importance; it is only by gaining a thorough understanding of the existing HR challenges and the desired targets that the system can be structured the way that it is needed. Second, the involvement of the most relevant stakeholders right from the selection and implementation processes boosts the adoption factor and simultaneously aligns the system with the firm’s cultural beliefs. Third and last, continuous training and support is the key to staying ahead of the system’s potential.

Distinctive Features of Multiable aiM18 HCM System

The Multiable aiM18 HCM system is the soulmate to the POS industry in Hong Kong with its unique characteristics that are specifically built for them. Five unique features to note are:

• Rule-based Workflow Engine: Reduces the need for human supervision while assuring efficiency and protection from mistakes.

• A.I. Ready and Fully Customizable: It is your trusty companion for the business with its clear sight of the horizon. -looking ahead and setting goals

• Intelligent Roster Planning: It is your trusty companion for the business with its clear sight of the horizon. Looking ahead and setting goals

• Powerful Payroll Engines: It wraps up the month’s accounts in a rush, allowing more time for your HR team.

• Department/Position/Grade Sensitive Appraisal: It provides the specific knowledge needed to make an informed decision on the HR sphere.

Smooth Connection with the Compliance Norms in Hong Kong

Above all, the aiM18 HCM‘s automatic connection with the legal regulations of Hong Kong gives you the assurance that the HR works will not go wrong. Besides, its e-MPF approval and MPF, IRD documents which are compliant with the law are the main reasons why this tool prevails through the jurisdictional maze.

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.