Dealing with the Unique Difficulties Within Hong Kong’s Chemical Sector

Currently, Hong Kong’s chemical sector is at a make-or-break point being faced with hurdles that no other industries have to deal with. The specific laws of environmental compliance that chemical manufacturers must follow are the main reason for the complex problems they have to deal with. Other than that, the firms involved are also affected by high fluctuations in the raw material prices caused due to the geopolitical issues along with disruptions to the supply chains. Furthermore, the specialized nature of chemical production requires not only skilled personnel but also their effective training which complicates the human resource management issue within the industry.

General Problems in Various Sectors

Despite the existing unique issues, the chemical sector in Hong Kong often shares challenges with the other ones too. The job retention crisis is still the major challenge because of the highly vivo job market that the workers are struggling with. This necessitates the need for proper talent management strategies which in turn should be formulated as per the job market situation. Another issue that has been cropping up for the firms is the digital shift, they need to update their technology stacks, which generally results in huge investments besides the need for proper training. For example, changes in labor laws affecting regulation also require the adaptation of HR protocols across different sectors, including chemical manufacturing.

Turning Upsides Out of Turbulences or the Support of HCM Systems?

A full-fledged Human Capital Management (HCM) system could be looked at in this disturbed scenario. Developing an HCM system that will manage ethical compliance process in automatic will thus drive regulatory adherence in a very smooth manner and streamline documentation.

This is, of course, just an example; chemical industry innovative leadership should be given priority. Furthermore, a sophisticated HCM could play a strategic role in training, embracing future technologies along with the digital shift. Therefore, the abovementioned advantages are the reasons for the necessity of the integration of advanced HR systems for chemical firms in Hong Kong.

Strategies for Effective HCM Implementation

Indisputable is that the implementation of an HCM system is not only a singular direction but also demands through reasoning. Managerial support is a vital aspect as it will guarantee that all levels of the firm perceive the value that it will add. Following a thorough needs assessment, firms should customize the system to meet specific needs and organizational goals. Moreover, comprehensive training campaigns should be introduced so that the users get familiar with whatever they might need the HCM to do, which in turn would lead to the user’s acceptance and utilization of the HCM system that they need.

The 20 HCM System Features of Multiable’s aiM18

Multiable’s aiM18 HCM system is designed to support various industry solutions, including:

• • Rule-based Workflow Engine: Automates tasks and increases operational efficiency by eliminating complexities in HR tasks.

• • Powerful Payroll Engines: Makes it possible to use 1.2 million payroll formulas in only 18 minutes, thus ensuring the elimination of payroll errors.

• • Intelligent Roster Planning: Aids the workplace in the productive management of employee rosters, practically eliminating the problem of downtime due to scheduling conflicts.

• • Department/Position/Grade Sensitive Appraisal: Allows to the performance appraisal process to be more optimal for the respective employees.

• A.I. Ready and Fully Customizable: This is how it scales and adjusts to meet the ever-evolving HR needs of the organization.

Compliance Assurance with aiM18: e-MPF Approved

aiM18 HCM is a certified e-MPF vendor that is in line with the mandatory provident fund specifications required in Hong Kong. Besides, it handles MPF and IRD compliant documents, thus ensuring the local laws on payroll activities and submissions are followed diligently by all departments including the HR departments belonging to different sectors.

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.