Thailand is known for its technology acumen due to which many organisations depend on the country for its talent. The hiring dipped slightly in 2020 but from 2021, many companies are now looking to hire aggressively and maintain competitiveness in the market. According to the Talent Trends 2021 Report, 33% of the nation’s companies are aiming to increase their team sizes.
During the most difficult times in the world economy, Thailand stood resilient, especially in e-commerce and other tech-based services. The promising agriculture sector is also bringing new opportunities in the chemical and agritech industries. According to the current economic trend, sectors such as industrial, manufacturing, FMCG, technology, telecommunications and health care are expected to witness a hiring spree.
An interesting development is that 42% companies in Thailand invested in upskilling their employees to keep up with the current and future trends. This will go a long way in bridging the skill gap and ensuring a future-proof business.
More information about average salaries in Thailand can be found on Robert Walters’ 2020 salary survey.
For tech talent, candidates moving jobs expect a 20%-30% increment in salary. With most candidates expecting 7%-15% annual salary increment.
Link to Employer Payroll Tax.
Contribution is capped at THB750 (5 percent of THB15,000) per month.
Link to Employee Payroll Tax.
Contribution is capped at THB750 (5 percent of THB15,000) per month.
Thailand follows a progressive income tax model. Link to Employee Income Tax.
313 THB to 336 THB dependent on region
Dependent on contract.
13th month salary
Not mandatory.
The maximum working hours are 48 hours a week.
Overtime hours cannot exceed 36 hours.
18 public holidays can be found here.
Employees are entitled 6 days of annual leave with a year of employment. For those with less than one year of employment, leaves can be taken on a pro-rate basis.
Employees are entitled to 6 months of paid-leave.
Employees are entitled up to 5 days
Employees are given 5 – 14 days of paternity leave.
The termination process is relatively simple with notice to be given for the types of contracts as well as severance pay.
Some instances such as enterprise operation cessation do not need a filling
Severance allowance of 1/2 months worth of salary for each year of employment.
6 to 60 days depending on qualification and education of employee.
A separate probation agreement can be signed.
Probationary period applied to managerial positions of enterprise can be up to 180 days.
Thailand has a standard VAT of 7%.
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