Hong Kong’s ict industry is facing difficulties that only this industry is dealing with, but there are some which are common to other sectors. The article talks about the fact that the HCM systems can greatly help to solve these problems due to their advanced capabilities.
What Challenges Does the ICT Industry in Hong Kong Face?
Hong Kong’s ICT sector faces the challenge of swift technology progress that requires continuous adjustment. Moreover, cybersecurity threats are ever-changing and are a major risk to systems and firms. In addition, the scarcity of talents in terms of skill set for specialized positions stands out as a critical problem for their acquisition and retention.
Regulatory compliance and economic fluctuations are the factors that bother not only ICT but also other industries. Handling these variables ask for flexibility and planned actions, which can lead to resource stretching and operational complexity rising.
How Can HCM Systems Address These Challenges?
HCM systems simplify complex human resource processes. In fact, they’re very important for the ICT industry. By automating tasks, they make mistakes less and utilize time more efficient that helps their beholders to coping with fast track tech changes and security issues.
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In addition, HCM solutions are talent management enablers via improved recruitment and retention strategies. They collect and analyze workforce data aiding firms in planning effectively even in uncertain economy. Owing to their state-of-the-art capabilities, HCM systems not only keep the ICT firms regulatory compliant, but also other businesses.
Steps for a Successful HCM System’s Implementation
Bringing an HCM system into use entails detailed planning. Unmistakably, setting clear goals, which are in line with business objectives, is a primary requirement. Absolutely, stakeholder engagement and thorough training are key steps to utilizing HR systems to their full potential. Choose infrastructure solutions that students will be able to adopt as they grow.
Why Choose Multiable HCM System to Overcome Challenges?
- A.I. Ready and Fully Customizable: Quickly adapts to changing tech environments.
- Intelligent Roster Planning: Effective scheduling ensures talent retention.
- Powerful Payroll Engines: Manages payroll efficiently with quick processing.
- Interface for Labour Law Compliance: Effectively handles regulatory conductivity in Hong Kong.
- Unlimited Appraisal Forms: HRIS is more resourceful by giving customized performance appraisal.
e-MPF Approval as a Competitive Advantage
aiM18 HCM is e-MPF approved, which streamlines the long service payment processing. In addition, it comes with MPF and IRD compliant documents which is a critical benefit in the competitive market of Hong Kong. This also shows the fidelity of the organization to the 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.
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