The Hang Seng Index or HSI measures the value of Hong Kong’s sixty largest and most liquid companies that trade on the Hong Kong Exchange (HKEx). In 2022 HKEx released monthly market highlights showing its aggregate market cap was more than $38 trillion, making it one of the largest stock exchanges in the world. The Hang Seng Index is one of the most important indices in Hong Kong, and it’s a free-float market capitalization-weighted index. The Hang Seng Index is a gauge of the overall health of Hong Kong’s economy, composed of 60 large companies listed on that exchange. It is like a company made up of many departments and employees.

To manage a large workforce, every business needs an effective human resources department. A human resources department is an organization within a company that deals with employees’ needs and concerns. The responsibilities of this department include hiring new employees, managing benefits and payroll, setting performance standards and conducting employee training programs, etc. To maximize efficiency, a strong human resources department requires an effective HR system that companies use to manage their internal human resources operations. A company’s HR system is an important component in helping the organization meets its business objectives.

An HRMS/HRIS/HCM enables human resources departments to manage employee functions like time-off calculation and performance, thereby freeing up staff so that they can focus on more strategic work. Regardless of the size or scope of a company, an effective HRMS/HRIS/HCM system is crucial to running any organization because the system can put information about a company’s most valuable assets in front of the people who need them.

Multiable HCM system is revolutionizing the way businesses manage their workforce by providing unified employee experiences and connect-anywhere capabilities for all employees. It can help ensure that HR departments are able to manage the company’s most valuable assets: its employees. Multiable HCM system replaces traditional spreadsheet and paper-based processes with a single, automated process that reduces human error while automating repetitive manual processes. The system provides a single, unified view of employee data across the entire organization.

About Multiable:

Multiable has created long-term partnerships with more than 6,000 Asian companies because its fully integrated solutions standardize business processes and improve departmental collaboration efficiency. Multiable has provided implementation services on Multiable HCM over the course of its 30-year history. Multiable, a software system designed to help companies manage their human resources, is revolutionizing the management of Asian workforce.

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.