The economy of Thailand has long been a cornerstone of economic dynamism within Southeast Asia, offering tremendous opportunities for growth and development.
Micro, Small, and Medium Enterprises (MSMEs) in Thailand contribute over one-third to the country’s GDP and drive job creation and foreign commerce. MSME export growth has also been gradually rising over the last few years, despite a downturn during the Covid-19 pandemic.
While Thailand’s economy has experienced commendable growth over the years, this journey has been met with both opportunities and challenges. Capitalising on these opportunities and overcoming challenges requires a significant increase in technology adoption and digital innovation.
In mid-2024, Thailand’s Industry Ministry laid out a five-point strategy to support Thailand’s Small and Medium Enterprises (SMEs) and emphasised that the Government was prioritising the promotion of SMEs at the same level as attracting foreign investment.
HR policies for business success
As Thailand navigates an evolving economic landscape and sets its sights on making small businesses a crucial part of its supply chain, strategic HR solutions that align with economic conditions are vital for business success.
The MiHCM Lite software provides a comprehensive solution for small businesses in Thailand, streamlining HR operations and ensuring seamless payroll management and compliance with local regulations.
This tool is specifically designed to empower employees through self-service features, enabling them to manage their attendance, submit timesheets, and handle leave requests with ease.
Why should small biz choose Lite?
MiHCM’s Lite is a comprehensive mobile-first solution for small businesses that addresses all HR challenges.
Here are some reasons why your business should choose Lite:
- You can streamline your HR operations across the entire employee life cycle: MiHCM Lite offers all key components required to optimise your HR operations, from hiring to retirement.
- It is engineered with best-of-breed functional domain knowledge servicing large and mid-sized enterprises: decades of experience servicing large- and medium-scale organisations now adapted to the needs of your small business.
- MiHCM provides dedicated support services to make your life easy: MiHCM Lite is led by a dedicated team which listens attentively to all clients and understands their requirements.
- You can go paperless with a complete mobile-first experience: maximise the productivity and engagement of your remote workforce with MiHCM’s compelling mobile-first experience.
- MiHCM ensures swift implementation to seamlessly move you away from spreadsheets: Lite is built intuitive and easy to deploy and use, making the implementation cycle both faster and shorter.
Strategic HR operations
As Thailand’s economy grows, HR strategies will play a pivotal role in ensuring that small businesses can harness opportunities effectively.
Navigating Thailand’s dynamic business environment requires agile workforce management and a focus on engaging employees to drive productivity and innovation, which Lite enables:
- Integrating HR technology: Lite helps streamline HR processes, making them more efficient and aligned with business goals. Enhancing operational efficiency by automating routine tasks, it also frees up HR professionals to focus on strategic initiatives.
- Data-driven insights: By leveraging workforce analytics, businesses can turn data into actionable insights, enabling strategic decision-making that aligns with corporate objectives.
- Employee engagement: Ensuring employee satisfaction and engagement is crucial. MiHCM offers tools for managing performance effectively, ensuring employees remain motivated and aligned with business goals.
- Enhanced performance management: The system supports tracking employee performance, facilitating timely interventions, and recognition strategies that align with company objectives.
Unlocking productivity
With Lite, business can:
- Easily manage attendance of employees working across various work schedules, shifts, and rosters
- Efficiently track employee leave and attendance
- Process payroll in just a few clicks in compliance with shop and office and wages board requirements and other Government mandates
- Get HR to shift towards data-driven HR decision making
- Accurate statutory reporting
- Essential information and history records of employees at your fingertips
- Manage employee movement (transfers, promotions, re-designations, resignations)
HR technology and compliance
Staying compliant with local labour laws is a crucial aspect for businesses aiming for sustainable growth.
MiHCM’s Lite acts as a strategic ally in ensuring that organisations meet country-specific regulatory compliance requirements effortlessly, by automating processes and ensuring adherence to the ever-changing statutory guidelines, minimising the risk of legal repercussions.
As a result, businesses can focus more on strategic initiatives rather than administrative burdens, creating a solid foundation for growth.
Safety and security
MiHCM solutions are hosted on the most secured cloud infrastructure, Microsoft Azure PaaS.
This ensures the utmost level of security, privacy, and confidentiality across Lite along with audit capabilities.
As an IP CoSell Prioritise Managed Partner GOLD Certified Partner of Microsoft Corporation, MiHCM has extensive experience in deployment and advance configuration with Microsoft public cloud, private Azure subscriptions, and Azure stack deployment.
Ensuring business success
As Thailand continues to grow, MICHM’s suite of tools stands out by offering comprehensive HR and payroll management tailor-made for your business.
MiHCM’s Lite solution not only supports small businesses in maximising their human resource potential but also enhances overall business outcomes.
Get in touch today and let us empower you to focus on what truly matters: growing your business.
