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CYBERJAYA,
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An
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Helmed
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Employee engagement and collaboration platforms as differentiators in the
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There
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Elaborating
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Measured
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Demand in AI and real-time data fuels RM10.4M IPO allocation in regional
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Representing
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“What
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Leveraging
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“We
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Currently
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As
Upcoming listing marks the
first Malaysian-owned HCM Solutions provider on BURSA’s ACE Recent public
oversubscription of company’s shares signal market appetite for cloud, AI-based
HCM solutions and employee engagement platforms CEO Cllement Tan carves
niche and becomes youngest founder entrepreneur to reach IPO in recent times, spotlighting
HR Tech as the next frontier in business …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16172"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=16172"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16172\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=16172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=16172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=16172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nMALAYSIA – Media OutReach<\/a> – 9 July 2021 – RAMSSOL Group Berhad<\/a> (RAMSSOL), an innovative, digital
\nhuman capital management (HCM) solutions provider aims to advance the adoption
\nof Human Resource Technology (HR Tech) in and mainstream digitalisation of HR
\nfunctions as part of its Southeast Asia focused IPO agenda. The company’s ambitions
\ncome at a time when there is an accelerated need for organisations to get back
\non a growth track empowered by its key enablers \u2013 talent and technology. \u00a0<\/p>\n
\n
<\/p>\n
\n
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\nindependent study by Smith Zander has shown accelerated expansion of the HCM
\nindustry, from USD226.86 million (RM975.68 million) in 2017 to USD257.69
\nmillion (RM1.08 billion) in 2020, growing at a compound annual growth rate
\n(CAGR) of 4.34%. \u00a0The study, covering Malaysia,
\nSingapore, Vietnam, Thailand, Indonesia and the Philippines, recognises today’s
\nexpanded HCM scope of total talent management, employee engagement and
\ncollaboration, cloud and mobile capabilities, and artificial intelligence (AI) and
\nanalytics \u2013 aside from traditional functions such as payroll, recruitment, and
\ntime tracking.<\/p>\n
\n
<\/p>\n
\n
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\nby Cllement Tan, Group Managing Director and Chief Executive Officer, the
\n14-year industry veteran and the youngest local technopreneur to list on BURSA,
\nexplains, “HR practitioners today are challenged in attracting and retaining
\ntop talent and establishing talent pipeline for agile organisations. The
\ndisconnect between talent touchpoints such as hiring, learning, performance,
\ncareer, succession planning, and engagement has never been more pronounced. HR
\ndigitalisation and HCM transformation, therefore, must be a part of an
\nenterprise-wide agenda for business viability, ensuring that one’s HR tech
\ninfrastructure provides strategic insights to key decision-makers.”<\/p>\n
\n
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\n
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\ntalent war <\/b><\/p>\n
\n
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\n
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\nhas been a surge in the demand for employee engagement and collaboration
\nplatforms since the outbreak of COVID-19, which makes RAMSSOL’s in-house mobile
\napplication, Feet’s, immediately relevant in today’s context of a hybrid,
\nmultigenerational and digitally-savvy workforce. As companies become more open
\nto adopting intelligent technologies and creating a best-in-class employee
\nexperience, the app enables connected, happier and productive workplaces by modernising
\ncommunications between employees. Recent integration with Zoom allows users to access
\nor create Zoom meetings or webinars, bringing together on-site and virtual
\nattendees without having to switch out of Feet’s mobile application or invest
\nin additional enterprise subscription fees. <\/p>\n
\n
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\n
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\non RAMSSOL’s HCM technology applications, Cllement said, “Feet’s has
\nadditionally adopted gamification elements to drive proactive and interactive
\nparticipation no matter where employees are based, complemented by other built-in
\nfunctions such as forums, peer recognition tools, suggestion platforms and meal
\ngroups. Our other signature solution is in the area of collaboration tech
\noffered through LARK. Acting as a virtual office, LARK facilitates real-time communications
\nand collaboration between employees, hosting several work-related functions
\nsuch as document creation and editing as well as cloud storage and file sharing.<\/p>\n
\n
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\n
<\/p>\n
\nin terms of sales revenue, the Smith Zander report shows the employee
\nengagement platforms market chalked a growth from USD1.77 million (RM7.61
\nmillion) in 2017 to USD2.67 million (RM11.22 million) in 2020 at a CAGR of
\n14.69 per cent. \u00a0On the other hand, the
\nsize of the collaboration platforms market grew from USD249.95 million (RM1.07
\nbillion) in 2017 to USD400.90 million (RM1.68 billion) in 2020 at a CAGR of
\n17.06 per cent \u2013 and combined, they reflect a purposeful shift in HR practises as
\ncompanies aspire to create a competitive edge in the looming talent war.<\/p>\n
\n
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\n
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\nProduct Expansion and R&D\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b><\/p>\n
\n
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\n
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\nmore than 50 per cent of RAMSSOL’s RM25.1M total IPO target, the company’s
\nfocus on regional product expansion and R&D is buoyed by the adoption of HR
\nTech in the Asia Pacific[1] that has been in
\ndouble-digits for the last three years. \u00a0The
\ncompany looks to further mainstream HR digitalisation and workforce management technologies
\namong SMEs, billed as the fastest-growing segment among all new HR Tech
\nadopters \u2013 creating more equitable economic recovery opportunities in SEA.\u00a0 <\/p>\n
\n
<\/p>\n
\n
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\nis certain is that technology will continue to play an essential role in
\nhelping HR teams build sustainable organisations and drive operational
\nefficiencies.\u00a0\u00a0 As practitioners turn to cloud
\nand AI-based solutions, RAMSSOL’s product development roadmap anchored on introducing
\nnew functionalities is timely. This includes enhancing Feet’s with AI
\ntechnology and developing bolt-on modules for our cloud-based HCM solutions,” emphasises
\nCllement. <\/p>\n
\n
<\/p>\n
\n
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\nan international clientele that includes Megatech Education, Export Import Bank
\nof Thailand, CapitaLand Business Services Pte Ltd, Bank Of Ayudhya Public Co.,
\nLtd and PT Sigma Solusi Integrasi, RAMSSOL’s expansion agenda is backed by HR
\nTech expertise spanning over a decade, and a robust technology stack. \u00a0The company’s IPO scheduled for 13 July 2021
\nmarks the first move of its kind for a homegrown HCM solutions provider and
\nallows it to expand its existing SEA footprint into the Philippines. <\/p>\n
\n
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\n
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\nare fortunate to have earned the trust of many customers over the last 12 years
\nof our operations and excited for what lies ahead for RAMSSOL. With the push
\nfor greater operational and cross-departmental efficiency expected to drive
\ndemand for HCM solutions, we look forward to establishing many more integrated,
\ndigitalised HR environments, and build next-gen, fit-for-future enterprise
\norganisations as part of our commitment to “Advancing People through Technology,”
\nCllement concludes. <\/p>\n
\n
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\n
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\noperating in Malaysia, Singapore, Indonesia, Vietnam and Thailand, RAMSSOL’s
\nbusiness consists of three principal activities: HCM and Student Management
\nSolutions; IT Staff Augmentation Services; and the provision of HCM Technology
\nApplications featuring products such as Feet’s, Lark and Zoom. The company was
\nrecently awarded the Best SME in HR Solutions Provider at the SEBA 2020 Awards.
\n<\/p>\n
\n
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\n
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\nof FYE2020, RAMSSOL’s total revenue of RM25.33 million saw HCM technology
\napplications contribute RM9.1 million or 35.9 per cent, up from a marginal
\ncontribution in 2019. The HCM technology applications arm, RAMSSOL’s other key
\nbusiness principle that includes employee engagement and collaboration
\nsolutions, registered a high gross profit margin of 90.4 per cent. The company’s
\nrecent balloting with an offer of 11.20 million new shares at 45 sen each to
\nthe Malaysian public was oversubscribed by 102.88 times, receiving 19,564
\napplications for 1.16 billion new shares valued at RM523.54mil.<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"