Malaysia has experienced a monumental transformation over the decades and is today a diversified powerhouse focused on manufacturing.
This shift not only highlights Malaysia’s strategic adaptation to global demands but also underscores its commitment to boosting economic growth.
The contribution of Micro, Small, and Medium Enterprises (MSMEs) to the country’s Gross Domestic Product (GDP) has grown rapidly over the years. MSME exports have increased exponentially, while MSME employment accounts for almost half of the total workforce.
The Malaysian Government has been striving to stimulate MSME growth further through broader access to financing programmes, markets, capacity building, and exports.
Malaysia’s digitalisation drive
Malaysia is also focused on driving the digitalisation agenda for MSMEs and the integration of advanced HR technology has a crucial role to play in driving MSME productivity and growth.
When it comes to HR tech, MIHCM – which was recently awarded the prestigious Malaysia Digital status by Malaysia Digital Economy Corporation (MDEC) – is ready with the solutions that businesses need to maximise their potential in this dynamic environment.
By utilising solutions like MiHCM Lite, small Malaysian businesses can effortlessly position themselves for greater success.
While this blog focuses on MiHCM Lite for small business, MiHCM’s Enterprise solution is the perfect fit for medium and large businesses in Malaysia looking to leverage sophisticated digital HR solutions to enhance workforce productivity and streamline operations.
Why should small businesses choose MiHCM Lite?
MiHCM Lite is a comprehensive mobile-first solution for small businesses that addresses all HR challenges.
Here are some reasons why your business should choose MiHCM 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: MiHCM Lite is built intuitive and easy to deploy and use, making the implementation cycle both faster and shorter.
Strategic HR operations
As Malaysia’s economy grows, HR strategies will play a pivotal role in ensuring that small Malaysian businesses can harness opportunities effectively.
Navigating Malaysia’s dynamic business environment requires agile workforce management and a focus on engaging employees to drive productivity and innovation, which MiHCM Lite enables:
- Integrating HR technology: MiHCM 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 Lite 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 MiHCM 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
- Get accurate statutory reporting
- Analyse essential information and history records of employees at your fingertips
- Manage employee movement (transfers, promotions, re-designations, resignations)
HR technology and compliance
In Malaysia’s rapidly expanding economy, staying compliant with local labour laws is a crucial aspect for businesses aiming for sustainable growth.
MiHCM 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 in Malaysia’s vibrant economy.
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 MiHCM 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.
Malaysia Digital status
The receipt of Malaysia Digital status awarded by MDEC empowers MiHCM, an HR tech solutions provider, with a host of incentives, rights, and privileges from the Malaysian Government.
This prestigious status holds special significance for MiHCM, given that Malaysia is its hub for Asia.
MDEC status was awarded to the company for its expertise in solutions relating to data centre and cloud, Artificial Intelligence (AI), and Big Data Analytics (BDA).
While MiHCM offers an expansive suite of solutions, capabilities that were instrumental in the receipt of MDEC certification were MiHCM Enterprise, MiHCM Lite, MiA Workplace Virtual Assistant, and Data & AI solutions.
Offering compelling HR experiences, MiHCM Enterprise is a highly scalable digital solution. It goes beyond HR and payroll and is designed for medium- and enterprise-sized businesses. MiHCM Lite is tailored for small businesses and bundles key MiHCM functionalities for easy deployment.
MiA is a comprehensive AI-powered digital HR/workplace assistant that enables organisations to deliver the ideal employee experience by providing every employee with a personalised digital assistant. MiA helps improve workforce productivity, engagement, well-being, collaboration, knowledge sharing, and more.
MiHCM’s Data & AI services offer a compelling competitive edge via its strong suite of offerings. The service goes beyond ordinary data visualisation and provides comprehensive and customisable real-time intelligence leveraging predictive models to Large Language models. Tailoring its analytics to meet specific customer needs keeps MiHCM Data & AI customers ahead of the curve in today’s data-driven landscape.
Ensuring business success
As Malaysia continues to diversify its economy and grow, effective HR solutions are pivotal in ensuring business success.
MICHM’s suite of tools, including MiHCM Lite and Enterprise, stands out by offering comprehensive HR and payroll management tailor-made for your business.
MiHCM Lite not only supports small businesses in maximising their human resource potential but also enhances overall business outcomes.
Trusted by numerous prestigious companies in Malaysia, MIHCM is an invaluable partner in adapting to Malaysia’s evolving economic landscape.
