Braving the Difficult Times of Hong Kong’s Ship Repair Industry

As Hong Kong continues sailing through its flourishing economy, the ship repair industry has evolved to be a supportive force of maintaining the much-needed maritime activities that are the main drivers of the region’s growth. Thanks to a well-built supply chain network, which is made up of various shipping firms, Hong Kong acts as a major port to the global maritime trade. However, the ship repair industry encounters some specific issues, which may or may not resonate with other sectors. Indeed, solutions that are tailored to these problems can directly lead to the development of more effective and successful practices.

Particular and Common Challenges in Hong Kong’s Ship Repair Industry

In the ship repair business, scheduling issues are the most serious deficits. Depending on voyage plans, missed repair schedules would entail major losses for shipping businesses. This situation brings about the need for a shortcut in the work processes and it is not found so much in other industries. So far, the lack of practical handling of technical challenges – such as complex nautical engineering problems – is another dimension, featuring highly-trained personnel. Arranging the use of extra facilities, such as well-equipped repair docks, is yet another singular burden on Hong Kong’s busily populated city area. However, the ship repair industry is not alone in the specific concerns it bears, for instance, cutthroat competition and the ongoing pressure to operate in a sustainable manner. In a race for healthier ecological conditions, the industries have to create and adopt green practices. Another issue that has to be dealt with is the governance of the compliance, but it is a similar problem all across the sectors, because firms must meet the local as well as the international regulations which are very strict; otherwise, they would be subjected to heavy penalties.

Utilizing HCM Systems to Address Industry Problems

Embedding a thorough Human Capital Management (HCM) system into operations is a primary and vital item in the roadmap to consolidating these hurdles. As for the ship repair sector is characterized by the special need for skilled laborers, implementing the HCM system will have a long-lasting positive effect. With the exact timing of the staff being attended- to operation the industry is able to minimize the idle time and maximize manpower productivity. Besides, the introduction of HCM tools not only becomes advantageous in staff management but also complies with the local regulations. These tools automatically measurement of local labor and environmental regulations which HRMS software covers ensure that compliance is not compromised thus it helps to manage the risks associated with noncompliance penalties. A manual payroll is not just a pain in the neck but also lacks accuracy because of the long service payment calculations and other complex formulas that are particular to the industry.

Basically, the performance appraisal section is also the other important one input by HCM systems. The mariners and related staff could get their performance evaluation in a smoother way by adjusting it according to the maritime engineers’ special needs. That is why it is simply imagined by the adoption of such advanced HRMS tools to become a competitive player for the ship repair enterprises in the region of Hong Kong.

Tips for Successful HCM Implementation

The success of using HCM systems is dependent on a plan that is clear and precise. To start with, it is important to involve participants from all departments to be sure that the system will meet the diverse needs throughout the business. Training for end-users is the key to maximizing the HRIS’s full-scale utilization. In addition, the gradual implementation of HCM is considered phasing-in to integrate and adapt smoothly.

The Main Characteristics of Multiable aiM18 HCM System for Ship Repair Companies

• Rule-Based Workflow Engine: Simplifies operational processes, boosts efficiency, and trims downtime.

• Fully Customized Payroll Formula: Consequently, it cuts payroll calculation customization needs down to more than a 90% lower save considerable time and effort.

• Intelligent Roster Planning: Guarantees the scheduling of skilled laborers aligns with local employment laws. Intelligent Roster Planning:

• Department/Position/Grade Sensitive Appraisal: Flexibility in performance appraisal tools helps to make so that evaluation of workers is fair and efficient.

• ISO:27001 Certified: Guarantees the strong encryption of sensitive information and the confidentiality of critical personal data.

e-MPF and Regulatory Compliance with aiM18 HCM

The Multiable aiM18 HCM is an HCM system that comes with e-MPF endorsement which is an indicator of the conformity to Hong Kong’s Mandatory Provident Fund schemes. This HCM solution facilitates the ship repair firms to manage their employees’ retirement benefits and taxation documents thus ensures their compliance with local regulations.

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.