Navigating the complexities of the pharmaceutical industry in Hong Kong, the HR systems like Multiable’s aiM18 offer personalized solutions to the crucial problems faced, thus ensuring smooth operations and increased productivity. Let’s figure out the impact of HCM systems on the HR management process in this sector.
What are the Proprietary Issues Facing the Pharmaceutical Sector?
The Pharmaceutical branch in Hong Kong is dealing with specific issues like regulatory evolution and compliance which require ceaseless adaptation. Apart from that, the protection of sensitive data of health is the ultimate challenge here. The shift towards more sophisticated personnel becomes a considerable problem for firms that must engage in extensive recruitment; this is a vital factor in achieving their goal.
Aside from the challenges specific to the sector, pharmaceutical firms operating in Hong Kong confront difficulties also witnessed by enterprises in other domains. The issue of employee retention and talent management remains crucial. Quite frankly, the constantly increasing cost of operations gives firms no other choice but to optimize their resource management and performance.
In What Way Can an HCM System Help in This Regard?
HCM systems can facilitate regulatory compliance by providing the means for accurate employee credential tracking. On top of that, the latest HRMS software is equipped with security functions that aid in the protection of data. Additionally, these systems automate the recruitment process that contributes to proper talent acquisition and management in the pharmaceutical sector.
Obviously, HCM solutions such as aiM18 deliver not only to the pharma sector but also to other fields with an equal measure of helping the firms to lower the costs by automating tasks. Including this, the advancement in the scheduling and payroll mechanisms achieves excellent resource management. Therefore, businesses achieve a more efficient workforce and ultimately higher performance
Perfect Steps for Successful HCM System Implementation
For a successful HCM implementation, it is vital to evaluate the requirements of the firm first and configure the system as needed. Employee training has to continue so that workers can operate the HR system effectively. Prioritize effective change management to aid the preparation of smooth and accepted integrations in the organization.
What Makes Multiable’s aiM18 HCM System the Best Choice?
- Rule-based workflow engine: Eases HR processes for the greater efficiency.
- A.I. ready and fully customizable: Adapts to firm-specific needs.
- Unlimited dimensions of headcount: Facilitates the process of recruiting additional personnel effortlessly.
- Intelligent roster planning: Effectively schedules the workforce while adhering to local legislation.
- Powerful payroll engines: Quickly and correctly processes extensive payroll calculations.
How aiM18 Supports Compliance?
aiM18 HCM is e-MPF certified, which stands for adherence to regulations in Hong Kong. It also backs the creation of documents that are compliant with MPF and IRD. In addition, it enhances the ease of following local payroll management statutes such as payment of long-service leave.
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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