Hong Kong, the bustling metropolis, and its lifestyle combined with a multitude of cultural experiences made it a still-in-the-eye-of-the-beholder-gem for travelers from allover the world. But there are some strengths and weaknesses faced by the tourism industry in this attractive city. The primary one is that the variable number of visitors has a huge influence on business predictability, which brings about the particular difficulties in this area. The major reliance on tourists from other places makes the city vulnerable to other countries or global incidents which in turn, affects traveling significantly. Furthermore, the holiday popularity of certain destinations causes workforce hiring difficulties and therefore, hotels and other firms must readjust the labor supply. For instance, technology errors alongside regulatory issues are also affecting firms in other fields, this way, firms in Hong Kong face overburdening problems.

Opportunities for the HCM Systems to Tackle the Issues in the Industry

The travel and tourism industry in Hong Kong has the potential to immensely benefit from the employment of Human Capital Management (HCM) systems. The dynamic properties of these systems are able to tackle a range of industry-specific quandaries. An example could be HCM‘s intelligent roster that helps to monitor and employ the right amount of staff. Because of the variation in numbers of tourists, this tidal wave of leisure demand is as much a boon as it is a challenge. Not only do HCM systems let the organization streamline and automated the processes, but these free the HR team from repetitive tasks, thus making them more concentrate on the strategic planning.

It is self-evident that a sound HCM can function as a well-oiled machine, consequently, it can also equally tackle ordinary industry problems like tech errors through its AI sense features. Additionally, the compliance with the law and industry regulations is also enhanced, which is a common interest of various organizations, by the system guarantees that all federal laws and industry requirements are reliably abided by. The ability to align workforce management and compliance efforts gives a lot of people in the industry a breath of relief, effectively reducing the gap created between operational demands and strategic foresight.

Basic Measures to Ensure Installation of a Successful HCM System

The installation of an HCM system has a potential of causing a switch of paradigm, but it definitely has to be done in a strategic way. Enterprises should make it a priority to select the system which is commensurate with their operational scale and special features. Detailed attention to the system’s payroll features and flexibility in performance appraisals ensures that the selected HR system can be easily and completely incorporated into their existing processes.

Investing in training and change management would make the deployment more acceptable for the individual teams. By concentrating on communication and support during the transformation, firms will be able to decrease interruptions and thus vastly benefit from their elevated process efficiencies.

Core Features of Multiable aiM18 HCM System

Below, you will find a detailed description of features that appeal mostly to the challenges faced by the tourism industry in Hong Kong in the Multiable aiM18 HCM system:

• Rule-based workflow engine: Brings together the processes in an intuitive manner, thus, reducing administrative tasks and increasing efficiency.

• Intelligent roster planning: Effectively tackles the issue of the mismatch staff supply for demand in a period while managing optimal workforce.

• Flexibly customizable payroll formula: Solutions that shorten the payroll errors and result in significant time savings, which, in turn, help in managing long service payments.

• Fully customized compliance interface: Makes labor laws applicable only to Hong Kong and, therefore, easier to comply with.

• Department/position/grade-sensitive appraisal: Enhances performance appraisal operations by being specific to the organizational structure.

e-MPF Approval and Compliance Assurance with aiM18

The aiM18 HCM is the e-MPF approved one, which is a challenging credential for the firms in Hong Kong, which have to comply with the MPF guidelines. It helps, the documents of the MPF and the IRD, this HRMS software not only makes sure that payroll and compliance issues are handled without hassle but, also security and privacy concerns are taken care of. This ascent of intelligence also means that enterprises are able to focus on their breakthroughs instead of being preoccupied with red tape.

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.