Hong Kong ICT Industry in the Focus with Exclusive Issues
As a part of the innovation and growth platform in Hong Kong, the Information and Communications Technology (ICT) sector has its very peculiar problems to be solved. They have issues that seem to be different from those faced by other branches. These include the fast pace of the latest technologies, the offensive of cybercriminals, and the treasure hunt for spiritual technical cadre. Plus, the competitive atmosphere, the fluctuating banks of rules, and the general shift toward digital transformation also see the issues all across various fields, including ICT.
Common Problems and Industry-Defining Barriers
With rapid technological advancements comes the distinctiveness of the ICT industry’s challenges, especially in Hong Kong. For example, since the introduction of new technology to the market is constant, a business must be in the initial phase of the learning strategy forever. Cybersecurity confrontation is the other severe issue that the organization has to tackle as well as the chance to dispose of the sensitive data. The essence which lies in getting these types of experts in the associated sectors is, in my opinion, the biggest challenge we face today due to the lack of talent.
Also, the disruptive factors such as dealing with regulations of businesses as well as sourcing from other countries smacked the general business framework. ICT firm firms bear even higher worries than others when it comes to fulfilling these laws especially because they are technology-different industries. At the same time, globalization gives the market the opportunity to meet foreign firms which translates into more tasks for the existing firms.
The HCM Systems Effectiveness in Solving Problems
Employing an efficient Human Capital Management (HCM) system is one of the top strategies to be in the front line of the game. HCM systems make it easy to close the labor gaps by hiring and managing the workforce more effectively. They also contribute much more to the safety of the organization by administering the data in a good manner that results in a secure platform.
HCM solutions aiM18 are not only intricate but introducing them guarantees compliance as well. It is easy since they assist the organizations in their labor legislation application and in the adaptation process to a global competitive environment. It is a clear fact that by using sophisticated HRMS such as an HRIS, the organizations could achieve high-performance outputs like straightforward payroll management and scheduling which will then free up their employees to work on other tasks.
Ways of Implementing HCM Solutions Effectively
Meticulous planning and alignment with business objectives are the two keys to the successful installation of HCM systems. First and foremost, it is paramount that the buy-in of all levels of the firm is secured. Companies ought to study the needs they have and find the appropriate HRMS software that can address those needs. Additionally, it is a must that proper training programs are set in motion to ensure a smooth transition. Hence, the whole focus should always be on flexibility and scalability to assist the system’s development along with the competitive advantages from the organization.
Main Deliverables of aiM18 HCM System with Multiable Features
- Rule-based workflow engine: Automate and secure compliance processes.
- Fully customizable payroll formula: Shortcut payroll customization by 90%.
- Intelligent roster planning: Staff scheduling fits local norms.
- Interface for tailored labor law compliance: One-step public adaptations to regulation changes.
- Unlimited appraisal forms: A fair and flexible performance appraisal process guarantee.
The Significance of e-MPF Approval
The aiM18 HCM system stands out by the e-MPF, essentially signifying its compliance with the statutory rules and regulations. This endorsement assures the business that their MPF dues are correctly reimbursed with the relevant IRD-compliant documents cleared. These resources are indispensable for businesses in Hong Kong wishing to preserve integrity in compliance.
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.
Contact us