The emigration wave in Hong Kong has caused many residents to leave and move to other countries, for example, Singapore, Dubai, Japan, South Korea, Thailand, Canada and the United Kingdom, etc. This movement leads to labor turnover rate in Hong Kong increased.

Employee turnover is an important metric for all companies to monitor. Although the formula for calculating employee turnover is straightforward, collecting and reporting accurate data can be a challenge. In order to manage and monitor the labor turnover rate, HCM system (also called HRMS/ HRIS) is required. Good HCM system can help with that—and also streamline HR operations, improve candidate engagement and retention rates, increase employee satisfaction and decrease the time-to-fill job vacancies.

HCM system is a powerful tool that provides businesses with a centralized platform for managing all their core and strategic human resources processes. HCM system automates data collection, reporting and analysis so companies can use the information to make smarter decisions.

A company’s HCM system can be a key component in helping the organization meet its business objectives. Multiable HCM system allows a business to integrate its various human resource processes and systems into one seamless program, which makes it easier for managers to manage their operations. This allows companies to track the progress of their workers and provide them with the training that will help them improve. Multiable HCM system gives companies the tools to achieve their business objectives by helping employees perform at their best.

Multiable’s project team members have implemented HCM systems for over 30 years, providing solutions tailored to fit the client’s needs. Multiable HCM system has revolutionized the Asian human resource management industry with its fully integrated solutions that standardize business processes, improve departmental collaboration efficiency and establish long-term trusting partnerships with more than 6,000 companies.