The sportswear industry in Hong Kong is struggling to maintain its competitiveness due to several challenges which require ingenious suggestions in order to handle these problems. The involved firms have to bring in technology as a means of flexibly adjusting to the very fast-moving commerce scenario while also overcoming some scale issues that are under consideration for solution.

What Are the Unique Challenges in the Sportswear Industry?

Variable consumer preferences, which are the main characteristics of the sportswear market, can eventually lead to poor inventory management problems. Moreover, the quickly shifting mode of dress mandates a change in time, which is not a typical problem of other sectors. In addition to that, unreal dealers and customer price elasticity are two main issues that demand a tactical approach to pricing and brand protection.

Moreover, the disintegration of the worldwide supply chain and green issues are the ones that are also found in other sectors in Hong Kong. The logistic complications brought by this have thrown dependable delivery out as a business ticket that has to be bought by the firm. The presence of the go-green pressure is the push factor for the organizations to turn green which has already been part of their operations.

How Can HCM Systems Address These Challenges?

Human Capital Management (HCM) systems are the most applicable tools to this end. They furnish the firms with workforce management and employee retention. Well-functioning HRMS is capable of running payroll perfectly which increments firm output by that. Furthermore, easily programmed rosters are the basis of full utilization of human resources and the main drive to productivity.

Additionally, performance assessments are designed in a certain way to achieve a direct linkage to the goals of the organization, and this, in turn, motivates employees to perform better.

With the HCM system in place, organizations not only monitor the local laws but also keep their liabilities to a minimum. The most important of all is the HCM systems that open up the opportunity for the organization to remain in the forefront of the Hong Kong sportswear industry.

Important Guidelines for the Successful Implementation

In the implementation of HCM, the firms need to keep in mind the clarity of their goals. Training and user support will be pivotal, this will make the process very smooth. By engaging stakeholders within the planning process, the system aligns with the business objectives and creates an environment that is conducive for growth and efficiency.

Why Select Multiable aiM18 HCM for Your Sportswear Company?

• • Rule-based workflow engine: Streamlining of operations for enhanced efficiency.

• • AI-ready and fully customizable: Modifications of the system as per unique business requirements.

• • Powerful payroll engines: Quick execution of multifaceted payroll operations along with productivity improvement.

• • Intelligent roster planning: Optimal workforce arrangement is ensured.

• Department-sensitive performance appraisal: Aligning assessments with organizations’ objectives.

Utilizing e-MPF Support through aiM18 HCM

aiM18 HCM‘s e-MPF endowment and MPF support for the firms render them compliance with the retirement fund regulations implemented in Hong Kong. This straightforward way leads to the cancellation of administration-related tasks hence a space is available for sportwear firms to channel their effort on development. The adoption of this technology would guarantee sustainability far along the road.

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.