Confronting the Distinctive Issues Encountered by the Hong Kong Furniture Industry

The furniture industry in Hong Kong has been described as a dynamic sector that deals with challenges considerably different from those faced by other industries. One of the major issues that the furniture industry is confronted is the dependency on a complicated supply chain which results in problems like the cost of raw materials that change unexpectedly and logistical limitations. In addition, the coupling of traditional craftsmanship with modern industrial techniques brings in unique challenges that are different only to this section. Similarly, attracting qualified staff as well as adapting to digital transformation is a few of the common issues that furniture businesses encounter. In fact, these elements considerably affect their operations and competitiveness.

Ease of Administration with HCM Systems

In this context, to implement a Human Capital Management (HCM) system would turn out to be a very beneficial decision. HCM systems are the best way of handling HR procedures and in turn, it helps furniture firms to manage their workforce in an efficient manner. Lacunae in the outreach of skilled workforce are minimized through better rostering and optimal workforce allocation which is achieved with the help of these systems. Furthermore, HCM systems payroll processing is simplified which means both the elimination of mistakes and time-saving are achieved – this is very meaningful when there is a lack of resources.

Efficiently taken up goes beyond doing the correct thing  HCM systems allow firms to use data-centric insights in an efficient way for their strategy planning. Such a thing becomes especially advantageous while simultaneously dealing with the two challenges of the digital transformation process and the skilled human labor. A software of HR information system can avail performance evaluation processes of all sections of the firm, with the highlight of inside particulars, that would be helpful for the firms to train their personnel properly. Oh, these capacities showcase a proper HR system which is more and more essential in conquering certain Ground and more common in the industry problems.

Successfully Launching an HCM System

For a successful initiation of the HCM system, the cooperation of the firm and the contribution of the stakeholders act as important factors. The importance of ensuring the availability of a flexible platform can never be underestimated as it is the only way to transform furniture specific workflows into smoother integration. This time, organizations must work on training the whole staff, so they can work with HRIS fully and effectively. It is a big deal to go with a solution that incorporates local compliance rules and tailor-functionality. Not to mention, these basic rules further facilitate the process of incorporating a new HRMS or HRMS software without any complications.

Multiable aiM18 is a Game Changer

: The Multiable aiM18 HCM system has several highlighted features that are aimed to tackle the hitches exposed by the furniture industry

• A workflow engine that is based on rules: It wipes repetitive tasks off the map, thus connecting complex manufacturing with HR operations seamlessly.

• Payroll formula fully customized: This feature dramatically decreases payroll customization needs, thus saving time and reducing errors.

• Intelligent roster planning: Deploys the right workforce right to the demand of manpower in the furniture production.

• Unlimited appraisal forms: Supports the performance appraisal models that are flexible to site-specific needs.

• Compliance Interface: Guarantees adherence to local regulatory requirements, including HR compliance regulations that are critical.

aiM18 HCM Compliance and Approval Features

Another strong point of the aiM18 HCM system is that it comes with e-MPF approval, which means it supports the mandatory provident fund (MPF) and Inland revenue department (IRD) compliant documents. The compliance, in this case, ensures that the firms meet the designated statutory requirements without much difficulty thus preventing them from potential legal problems. This feature is central to the furniture industry who wants to steer clear of the difficulties posed by Hong Kong’s labor laws.

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.