At a time when the workforce is shrinking, in a bid to cut costs, human resource management is a challenge for enterprise in Hong Kong. For example, Facebook’s parent company, Meta, has laid off numerous employees and closed many open positions, Alphabet, Google’s parent company announced it would lay off 12,000 employees, etc.

When businesses lay off several employees, the remaining workers are often forced to take on additional responsibilities. The retained employees will have to face an increased workload. In a stressful work environment, employees are not able to think innovatively and offer exceptional ideas. This can negatively affect the bottom line of an organization.

The recent widespread layoff of workers at Google and Meta caused many people to question how companies should plan for human resources. One of the most important aspects to human resource planning is attracting and retaining talented employees — how do you keep your best workers?

With a well-functioning human resources department being critical to the success of any company, it should come as no surprise that — One way companies manage their employees is by using HRMS (a kind of system which someone call it HRIS or HCM). An HRMS provides a centralized platform for all core and strategic HR processes. HRMS software is designed to streamline the management of human resources, so that businesses can improve productivity and efficiency through efficient handling of their HR processes.

Managing employees and handling confidential information is a serious responsibility. As the global economy continues to grow and expand, HRMs will be increasingly important. These days, it is crucial that businesses find a balance and harmony between the processes, the resources — which include people and technology — and their performance.

Multiable HCM, a renowned HRMS in Hong Kong, brings together a business’s various human resource processes and systems into one seamless program, making it easy for managers to manage their operations. This allows them to track and monitor the performance of their employees, while also providing them with the necessary tools they need to effectively manage their teams. Multiable HCM can be a key component in helping companies achieve their business objectives by giving employees the tools they need to perform at their best.

Multiable has over 30 years of experience implementing HRMS and the project team has rich, hands-on experience in this area. Multiable HCM has transformed the human resources landscape in Asia by providing fully integrated solutions that standardize business processes, improve departmental collaboration efficiency and establish long-term trusting partnerships with more than 6,000 companies.