Hurdles in Hong Kong’s Printing and Packaging Industry
Printing and packaging industry in Hong Kong stands out with the unique challenges it faces that are not found in other industries. Progress in the industry naturally means newer problems. The crux of being digital for all jeeps the industry running and maintaining its sustainable practices. The printing and packaging sector, in this case, is the only sector that integrates machinery into the production lines of laborer-driven sectors. Further, the challenge of fulfilling environmental standards, where the technology used must be innovative and capital-intensive, is also an argument for technology integration. The shortage of skilled labor with the specialized skills that workforce technology demand adds to the complexity that the industry suffers from.
There are some problems, however, that this industry equally suffers with the rest of the Hong Kong industries. Tension in staff retention and high turnover is a challenge of this industry, in the same way, it is a challenge for others. This is primarily because of the competitive job market. Another point of intersection is the need for strict adherence to local laws which is applicable to both industry-specific and general business contexts. Technological replacement is increasing both in local and global firms, so it presents a dual challenge to most firms as they are trying to be competitive.
HCM: The Game Changer in Overcoming Industry Obstacles
Addressing the aforementioned printing and packaging industry’s serious challenges will be easier with the aid of Human Capital Management (HCM) systems. The implementation of an HCM system will help firms improve operational efficiency and compliance. Because of the complicated aspect of sustainable practices, an HCM system helps in making sure the employees are sufficiently trained and are informed about the latest methods that are environmentally friendly.
Additionally, performance appraisal features available in modern operations systems HR which significantly aid the talent retention—another key issue. These systems in their place allow firms to find and employee talents appropriately and achieve that by offering rewards and proper mentorship wipe out the turnover rates. In fact, an HCM system can also be a means through which employers organize the scheduling of laborers thus curtailing unnecessary spending while ensuring proper allocation of personnel. On top of this, the system provides payroll customization and compliance across international standards, hence, firms can maintain potential operations without disruptions.
Successful HCM Implementation Guidelines
Of course, the implementation of an HCM system should be done carefully and be planned with precision. A fundamental first move is to carry out a thorough needs assessment to ensure that the system directly addresses the firm’s particular difficulties and purposes. Effective change management is necessary, too, and this means that the staff should not only be well prepared to undergo the changes but also be involved actively in the process. Ongoing training and support are fundamental, as they will help in clarifying HCM technology and in building up a user-friendly environment. At last, firms should always look for a solution that will be flexible and scalable to handle the technology development and their growth in the future.
Multiable aiM18: The Hi-Tech Solution for Industry
Multiable aiM18 is a software powered by AI which is the main reason for its features that are benefitting the printing and packaging industry here in Hong Kong:
- Rule-based workflow engine: Automates repetitive tasks and streamlines operations.
- ISO:27001 certification: Guarantees the safekeeping of sensitive personal information.
- Intelligent roster planning: Helps in optimizing workforce allocation along with the local laws.
- Fully customized payroll formula: Modification of payroll calculations to the customers’ individual requirements.
- Unlimited appraisal forms: Allow for the implementation of tailor-made performance appraisal strategies.
Facilitation of e-MPF and Compliance with easy aiM18
The aiM18 HCM system is the best option for compliance which enables it to take the leading role among HCM systems. Being e-MPF approved, it helps the firms to stay updated about the MPF regulations in Hong Kong. It trails the road of IRD-compliant document generation and thus alleviates the administration burden on payroll and tax reporting. With these features, Multiable aiM18 offers such support that regulatory prescriptions are easily met.
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.
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