Steering the Intricate Cadence of Hong Kong’s Plastics Sector

Although the ubiquitous hustle of Hong Kong’s economic center, the plastics industry surprisingly faces a period to choose which of its attractive but dangerous paths to take. A large part of the industry fault is seen as a consequence of the heavy use of global supply chains. Without adequate support from these supply chains, the plastics sector is trapped then in the cycle of unsteady raw material prices and supply shortages, both of which are aggravated by the lack of transportation means, an issue that is seen less elsewhere. Besides, the environmental laws and the imperative ethics in compliance are neither the last nor the least challenge, making firms forced to be innovative and keep the regulations. In this context, it should be noted that the plastics industry hasn’t been the only one facing various problems. For example, digital transformation and employee retention are two common challenges that different sectors all over Hong Kong are contending with.

Using HCM Systems for Overcoming Problems in Industry

In actuality, the introduction of the HCM system can be a panoramic approach to most of the existing problems in the plastics industry. These systems mainly serve the part of automating business processes and thus make workforce management easier, which is the mainstay for the industry in particular. To begin with, HCM systems make workforce optimization effective by the use of a strong platform, which addresses the problem of talent retention through career paths designed with motivation factors in mind. In addition, they simplify the processes for adopting dynamic environmental and labor regulations, whereby compliance could be ensured, and the burden on the administrative staff is minimized.

Moreover, in a sphere where digital transformation is very much considered, HCM systems guarantee the smooth integration with the platform already in place, thereby encouraging innovation and a responsive attitude. The systems are data-driven, and the information they provide is invaluable in the area of understanding workforce dynamics and in making the correct decision. This explains why, for instance, HCM systems like the Multiable aiM18 are the best solutions for dealing with the challenges encountered in the plastics sector.

Set of Steps for HCM Implementation Success

As firms from the plastics sector are about to start the road of HRMS software organizing and synchronizing with HCM systems, a vital role is played by compliance with broad guidelines that pave the way to the long-term success. To start with, the engagement of stakeholders should be initiated on all levels of the organization in order to align the capabilities of the system with the business objectives. Besides, the scheduled training of the employees and the transfer of knowledge are essential to adapt to new ways of working.[…] The premise of setting goals that are measurable ensures the permanent evaluation of the HCM system which is in place of developing it. A partial launch can also be effective in the class of robotic undertaking, as it will allow the teams to adjust and work on integration at a gradual although effective pace.

Key Features of Multiable aiM18 HCM System

With a multitude of features that bolster the resilience of the plastics industry in Hong Kong, the Multiable aiM18 HCM system is one:

• Rule-based workflow engine: The feature is both the mainstay and the greatest value of the program that frees people from the burden of routine tasks automation and increases the productivity of the department.

• ISO:27001 Certification: Confirms the protection of crucial personal information, which is required for trust building and compliance, ensuring the transparent operation of the system.

• Intelligent roster planning: Achieving optimal rostering whereby the workforce schedules are in compliance with requirements is simplified.
  – Fully customized payroll formula: Minimizes the time set aside for customization and provides the implementation of accurate payroll calculations vital for your business.

• Department/position/grade sensitive appraisal: The assessment of employee performance gets more precise and relevant, thus positively contributing to the improvement of performance and job satisfaction.

 Accreditation and e-MPF Compliance

Of course, the prestigious compliance features of the Multiable aiM18 interface are impressive. The system has been e-MPF enrolled and is in a position to generate Mandatory Provident Fund (MPF) and Inland Revenue Department (IRD) compliant documents. Beside this, the system appears to be compliant with local standards thus ensuring that the firm is on the safe side and helping with the efficiency in the administrative area.

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.