Two Major Components of HR System

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HR system (HRIS/ HCM/ HRMS) is a complex system that consists of multiple components. It is used to automate many HR functions and processes, including payroll, benefits administration, recruitment and hiring. A good HR system is based on two fundamental elements that form the basis for a company’s effective management and policy-making.

Organizational Design

From the structural point of view, HR system includes roles, titles and reporting hierarchies. The reporting hierarchies defined by the system make it easier to understand who is accountable for what within an organization.

A well-designed HR system can reduce the time and cost of managing large volumes of recruitment and acquisition data. This will help you identify, attract, hire and retain employees with the right skills to meet strategic goals and optimize the company structure.

Employee Data Management

Unlike Customer Relationship Management (CRM), which focuses on customer relations management, HR system is geared toward the needs of employers rather than those of customers. It gives a complete picture for each employee, including name and address along with salary level and benefits accrued—allowing company to easily track their workforce expenses. With the right data, company can identify employees’ strengths and weaknesses, help them develop career paths, find training that will enhance their skills—and thus increase their effectiveness.

HR system automates and standardizes record retention, reporting, and self-service capabilities. Managing data more accurately and consistently will improve the efficiency of the operations while allowing employees to work smarter. HR system is a critical tool for every organization, providing a complete picture of their workforce. It helps to identify employees’ strengths and weaknesses, improve the effectiveness of the operations while allowing employees to work smarter.

Multiable HCM can help facilitate corporate objectives like reducing costs or increasing productivity by automating manual processes. The system can be used to support talent acquisition and workforce planning—two strategic business processes. It can be used to get better performance out of employees, setting goals and then measuring the results. Multiable HCM helps businesses maximize employee potential by automating many of the key processes used to manage a workforce.

Multiable HCM streamlines, standardizes and improves reporting, retention and self-service capabilities in human resources. Multiable HCM systems make it easier for businesses to integrate their various human resource processes and systems into one seamless program—allowing them to run more smoothly.

About Multiable:

Multiable has implemented human resource systems for more than 30 years, and its experience allows it to offer clients tailored solutions. Multiable has developed long-term relationships with more than 6,000 enterprises in Asia. Multiable HCM systems have made it easier for companies in Asia to standardize business processes and boost collaboration between departments.

About EDG Grant:

The Enterprise Development Grant (EDG) was launched in 2018. EDG is a single grant that supports companies in the upgrading of business capabilities, innovation and internationalization. EDG replaces the Capability Development Grant (CDG) and the Global Company Partnership (GCP) in the same year.

M18 ERP and M18 HCM is under the scopes of EDG grant.

Our consultants have rich experience in helping customers to get EDG application awarded to deploy our renowned M18 ERP in Singapore. Multiable will provide relevant technical / system related documentations and guide you throughout the application process

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