Confronting the Singular Difficulties of the ICT Sector in Hong Kong

Hong Kong’s Information and Communications Technology (ICT) industry is definitely a distinctive space that is filled with its unique challenges. Starting with, the obvious first challenge, the speed of technological advancement is moving very fast thus, it is not business as usual as they say, and this is the opposite as compared to other sectors. This constant technological revolution forces ICT firms to send their employees on regular training and to issue onto them updates to get and keep their skills current. The other major obstacle is the data security issue. Proving the confidentiality of classified data is paramount since any mistake in the process can result in adverse effects to the firm, like a terrible image, and huge losses. Moreover, the fierce competition in the region demands that firms be on the top of their game concerning innovation while simultaneously being economic in resource utilization. In the meantime, other concerns such as acquisition and retention of talent and compliance with the ever-changing regulations are problems that are shared with other industries in Hong Kong. These problems put the pursuit of operational efficiency and strategic workforce management to a new level of urgency.

HCM Systems: A Revolutionary Tool for Managing the Workforce

Human Capital Management (HCM) systems have already become a necessary tool for the ICT sector in Hong Kong to tackle these challenges. Processing of HR workloads because of their configuration is dealt with HCM systems primarily with the help of them. They, in fact, these systems improve the decision-making through the usage of the data analysis technique; the quality of both employee recruitment and retention is enhanced in this way. The introduction of advanced analytics enables the firms to tailor their recruitment processes in a targeted effort to encroach upon the available workforce in the most efficient way. In addition, a strong HCM system, like Multiable aiM18, assures data safety by being ISO:27001 certified which also means that strong encryption is used on the most important personal data. In this way, data security risks are drastically lowered. Besides, HCM systems ease the compliance management workload by staying up to date on regulatory changes instead of creating additional work. Of course, the process of payroll handling which often is no less than a nightmare especially in the highly competitive battleground is quick, simple, and faultless, thus, leading to better productivity. No doubt, these aforementioned advantages are only a few reasons why a proven HCM system is obligatory for the ICT enterprises in Hong Kong.

Instructions for the Successful HCM Implementation

Realization of all the advantages offered by an HCM system is possible by means of the strategic planning and implementing. In the beginning, it is very important to create specific guidelines and determine the challenges involved that the new HR system would address. Involving other departments’ personal ensures that their issues and needs are catered for thus improving the HCM system responsiveness and effectiveness. Training and support continous as well as they are needed in order for all users to grasp the HCM software completely and to use it in the best way. Furthermore, it is very profitable to go through and assess the system’s performance on a regular basis in order to discover shortcomings for improvement. The flexible approach of the HCM system to changing the firm’s needs is what keeps the HRMS software valued over time.

The Main Features of Multiable aiM18 HCM System

Multiable aiM18 HCM system is equipped with several features specifically designed to satisfy the requirements of Hong Kong’s Information and Communications Technology (ICT) industry:

• Rule-based workflow engine: Eases the processes thus improves efficiency and productivity.

• ISO:27001 certification: Offers protection of sensitive data and thus alleviates fears about security affairs.

• Intelligent roster planning: This tool not only ensures the optimized staffing but also helps to follow local labor laws.

• Powerful payroll engines: Handles a great number of payroll operations without sacrificing time or making mistakes.

• Unlimited appraisal forms: Creates space for performance appraisals that are aligned with the goals of different departments.

Supporting Compliance through e-MPF Approval

Besides these features, Multiable aiM18 HCM is also e-MPF approved. It guarantees compliance with MPF and IRD documentation, hence, it assists in the seamless adherence to regulations. This is of cardinal importance in the area of Hong Kong since getting the right measures in place with regulator compliance is a must for the business to operate. The capabilities of the HCM system to handle the long service payments and other compliance related issues completely make it a lucrative asset in the ICT enterprises.

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.