ICT Industry in Hong Kong: The Path through the Challenges

A challenge is common to the Hong Kong Information and Communications Technology (ICT) industry; like many other industries, it is not free of them. Despite this, the digital sector is still unprecedented, possessing exceptional barriers the establishment of which is norm targeted solutions. One of the most unique difficulties is the persistent storage issue of technical progress, which commissions ICT professionals to carry on with their studies. Another problem is the privacy and data protection issues, which are more apparent in digital relationships. Therefore, ICT firms in Hong Kong work on these technologies while also protecting user data.
A key challenge is the fight for human resources; which comes as a result of the fact that the demand for specialized ICT skills is higher than the supply thus making hiring and retention complicated. In addition, the ICT sector has been sharing common issues with the rest of the industries, such as, economic instability influencing project funding and regulatory compliance adversely affecting operational effectiveness.

Redressing HCM Systems with Solutions

Faced with these multifarious challenges, enterprises are more of HCM systems as Human Capital Management (HCM) to optimize their workforce strategies, it seems. The case of putting the HCM system into practice is like solving the skill issue by detecting staff’s knowledge gaps due to efficient data analytics. The introduction of this system is a tool to help employees to acquire necessary skills through the direct training program, therefore enhancing human resources in accordance with modern technological wants. In addition, a solid HCM system deals with the protection of data not only by the use of encryption but also to maintain employees’ privacy by securing the data through encryption. Company HCM system is the flagship all-in-one digital tool that solves the problem by the talent shortage by streamlining the processes initially engaged in talent acquisition. Besides, it includes tools of superior compensation planning to include for instance long service payment to ensure that salaries are competitive so as to attract and retain the desired staff. On the other hand, it aligns with regulatory compliance needs across various industries ensuring a smooth workflow.

Imparting Knowledge to Succeed HCM Implementation

HCM systems implementation is a crucial decision that requires detailed planning and execution.Having the system in place is a key to the business growth, however, it must start with a thorough requirement assessment thus ensuring the selected solution aligns with the specific business objectives.Economic inclusion of the staff by all the departments of the firm during the design and implementation phases assures the system that serves best the organizational needs of all the departments.Another significant suggestion is carrying out extensive staff training sessions which will enable them to make full benefits of the HRMS software. Evaluation and regular updates which are in place to maintain the HCM system are directly proportional to the volatile nature of the ICT sector.

Multiable aiM18 HCM System has a variety of features

Multiable’s aiM18 HCM system provides us with solutions for the very particular problems that the ICT sector faces:

1. Rule-based Workflow Engine: Recruitment and scheduling are now easier and as a result, rostering and productivity get better.
2. ISO:27001 Certification: Employee data protection, encryption alone stands strong against those privacy concerns.
3. Proficient Payroll Engines: Tasks such as payroll management that require bulk calculations are handled with speed thus increasing the overall efficiency of a firm.
4. Intelligent Roster Planning: This tool helps to get things right in workforce management, by ensuring compliance and that the resources are used efficiently.
5. Unlimited Appraisal Forms: Different performance appraisal systems can now be in use as many as possible allowing departments to implement what they need most.

Multiable aiM18’s e-MPF Approval United with Compliant Features

Multiable’s aiM18 HCM system is unique since it has the e-MPF approval and also accounts for compliance with MPF and IRD document requirements in Hong Kong. This assures firms, with their local legal obligations, to operate efficiently thus minimizing compliance-related risks while ensuring that processes for their HR teams are carried out smoothly.

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.