The electronics and automobile company such as BYD (比亞迪) falls in a vast and complex sector that encompasses various businesses, including electronics, automobile, and more. This industry is known for its fast-paced innovation, high competition, and strict regulations. To succeed in this sector, businesses need to be able to adapt quickly and efficiently. In such a dynamic environment, managing human resources can be a significant challenge.

One of the most significant challenges in the electronics and automobile industry is managing a diverse workforce that includes engineers, designers, production workers, and administrative staff. These employees often have different skill sets, work in different locations, and may have unique requirements regarding work hours, benefits, and compensation.

Moreover, the electronics and automobile industry is known for its high turnover rate, which can be attributed to the competitive nature of the industry and the need for highly skilled workers. For example, automobile manufacturers are particularly vulnerable to talent shortages and turnover. The industry is highly automated, and therefore the majority of workers are not required to be skilled. However, there is a shortage of qualified engineers and technicians, which creates an incentive for employees to leave their jobs when other opportunities arise. This high turnover rate can lead to a loss of knowledge and experience, which can have a negative impact on the organization’s productivity and efficiency.

To overcome these challenges, organizations in the electronics and automobile industry can leverage the power of HR systems such as HRIS, HCM, and HRMS. These systems are business software that helps organizations manage their human resources more efficiently and effectively.

HR systems provide a centralized database that enables organizations to store and manage employee information, including personal details, work history, performance data, and more. Moreover, they provide various features that can help organizations streamline their HR processes and improve their overall performance.

One of the most significant benefits of HR systems is that they provide organizations with real-time data and analytics, which can help them make informed decisions about their workforce. For instance, organizations can use HR systems to identify areas where employee training is needed, track employee performance, and monitor employee engagement.

Moreover, HR systems can help organizations manage their workforce more effectively by automating various HR processes such as onboarding, performance management, and benefits administration. This automation can help organizations save time and reduce errors, which can lead to improved efficiency and productivity.

In addition, HR systems can help organizations maintain compliance with labor laws and regulations. These systems can provide organizations with tools to manage payroll, benefits, and other HR-related tasks, ensuring that they comply with relevant laws and regulations.

Overall, HR systems are an essential component of any enterprise system in the electronics and automobile industry. They provide organizations with the tools they need to manage their human resources more efficiently and effectively, which can lead to improved productivity, efficiency, and profitability. By leveraging the power of HR systems, organizations in the electronics and automobile industry can overcome their HR challenges and stay ahead of the competition.

About Multiable:

For over 30 years, Multiable has been offering all-inclusive HR systems to our clients. With established partnerships with over 6,000 enterprises, Multiable HCM system is transforming the way Asian companies manage their workforce. By streamlining business processes and enhancing communication, the system simplifies workforce management, empowering companies to operate with heightened efficiency and effectiveness.

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