En route to Thailand 4.0, we hope Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, Bachelor of Science (BS / BSc), Computer Science (CS), Bachelor of Engineering (BEng / BE), Computer Engineering (CE), Bachelor of Engineering (BEng / BE), Chemical Engineering, Bachelor of Business Administration (BBA), International Business, Bachelor of Engineering (BEng / BE), Mechanical Engineering (ME), Bachelor of Business Administration (BBA), Marketing, Master of Business Administration (MBA), Marketing, Bachelor of Engineering (BEng / BE), Industrial Engineering (IE), Bachelor of Engineering (BEng / BE), Electrical Engineering (EE). All rights reserved. Direct Investment reflects the lasting interests of nonresidents of an economy in a resident entity. Total Pay. At Mercer, we believe in building brighter futures. It has covering the diversity skill set, various levels, and wide range of types of employment. DNA of a CIO. 347,899 THB, 347,900 THB - The gross salary range for people working in Thailand is typically from 4,000 THB (minimum salary) to 14,312 THB (highest average, actual maximum salary is higher). Follow Mercer on LinkedIn and Twitter. 7,653,799 THB, 7,653,900 THB - People in Thailand earn a wide range of salaries, from 24,500 THB to 96,900 THB (710 USD to 2,800 USD) per month. Salary figures included in the Salary Guide are derived by combining the expert market knowledge of senior recruitment professionals within the PERSOKELLY network, as well as the latest job placement data recorded on the database. One in five companies intend to add headcount whereas only 6% of employers indicated they will reduce their headcount, down from 11% this year. In the absence of the market price, price of a similar transaction shall be used as a proxy. Our 2020 Salary Guide turns the spotlight on the latest employment trends and issues that are impacting and redefining Thailand's industries and workforce. 5,218,499 THB, 5,218,600 THB - DisclaimerThe Adecco Thailand Salary Guide isrepresentative of a value-added service toour clientsand candidates. 6,957,999 THB, 6,958,100 THB - 13 - 1m. All Mercer events about talent, investment, and health issues. Seeking for advancement? For more data and insights from Mercers Thailand Total Remuneration Survey 2021, please see here. Data published Quarterly by Central Bank. In compliance with the personal data protection laws and business ethics of the Adecco Group Thailand (the Company), the following statements constitute the Companys privacy policy. Non-residential - Commercial & Retail - Vacancy, Nominal Fixed Investment (gross fixed capital formation), Real Fixed Investment (gross fixed capital formation). We'd love to hear how your experience is, browsing our page. The intensive and up-to-date preparation of all data is intended to be guidance for workforce planning and cost management accurately and efciently. The maximum rate of minimum wage for employees was 336 THB/Day and minimum was 12 THB/Day. This is the average monthly salary including housing, transport, and other benefits. By saving your personal data on this page, you agree and give consent to the Company to process your request so that you become the Companys contract party, which will allow the Company to collect, use, or disclose your information as per the contract base. and Consumer Credit Risk Solutions from Get the most of our Thailand Salary Guide, get yourself a copy! Be ahead of the game with market trends and key insights from our experts to help you deal with HR and business challenges. Download now! United Kingdom. Login, Diversity, Inclusion & Equality (DI&E) Policy. Dive into the most extensive database of job salaries available. If you do not wish to allow the Company to collect, use, or disclose your personal data, you can click Back or leave this page. Use our tool to get a personalized report on your market worth. Base Salary. 173,899 THB, 174,000 THB - The most paid careers are Security & Fireguard with average income 3,392,060 THB and Engineers & Technicians V with income 2,783,229 THB. Fraud Alert: PERSOLKELLY Thailand or our representatives would never ask job seekers to pay any kind of fee, fine or penalties, or make cash or online payments through any channel in exchange of interviews, offer letters, jobs or penalty claims for PERSOLKELLY or any of our clients. 3,826,899 THB, 3,826,900 THB - term (price including freight and insurance fee) and adjusted thereafter to be compliant with the Balance of Payments Manual, fifth edition (BPM5). You're among the top paid in the industry! The average salary in Thailand 2022 is 1,174,294 THB ($35123.80) Per Year. 12,176,599 THB, Human Resource And General Affairs Manager. Data published Yearly by Central Bank. Your salary input is invalid. If you wish to withdraw your consent in the future, contact us at info_th@persolkelly.com to let us know. Proofreader salaries vary drastically based on experience, skills, gender, or location. Bonus. Industries that are dependent on consumer spending like Consumer Goods, as well as labor-intensive ones such as Manufacturing and Shared Services, are more likely to see smaller increments due to the emergence of real inflationary pressures and challenges in the countrys key export markets such as the United States and China.. By submitting your details or personal data to us in connection with your registration of interest in this, you are deemed to have read and agreed to the terms of our Privacy Policy and consented to the collection, use, and disclosure of your data by us and our affiliates, following our Privacy Policy. Get access to labor market trends and salary reports from different countries in APAC. Online Salary guide 2022 Search a job title Data Analyst Data Analyst View All Positions Job Position Data Analyst IT 1 Job Available The figures shown are base salary excluding compensations and fringe benefits. Base Salary. Profit Sharing. Based on the last 12 months, the median monthly salary for, Well done! This guide is will be your great reference source for this year's, Current market paid from companies in Thailand, Covering salary of more than 500+ positions, Exclusive editorial from industry experts, This website uses cookies for audience measurements, advertising purposes, and to contribute to contact profiles. Different experiences affect earning as well. Code of Conduct | Privacy Policy | Modern Slavery Policy | Diversity, Inclusion & Equality (DI&E) Policy Women receive a salary of 1,123,728 THB. IT Project Manager earn around 1,000,000 BHT per year. Source: Royal Thai Government (www.thaigov.go.th) as of October 16 th, 2022 Exchange Rate: US$1 = Baht33.3457 as of September 17 th , 2021 Last Updated: October 16 th , 2022 3,652,999 THB, 3,653,000 THB - This is the average monthly salary including housing, transport, and other benefits. Income comprises compensation of employees (wages, salary, and benefit both in cash and in kind) and investment income (direct investment income, income on portfolio investment, and other investment earnings). The average salary for a Chief Executive Officer (CEO) is 3,947,158. 3,131,099 THB, 3,131,100 THB - Learn how to negotiate a higher salary & other useful salary info. Services include items such as transportation, travel expenses, government services n.i.e., communication services, construction services, royalties and license fees / patents, insurance, etc. We are pleased to announce the launch of 2023 PERSOLKELLY Thailand Salary Guide. The average income in Thailand for more educated employees and jobs in the biggest cities is from Hays Worldwide. Learn how to increase your chances of getting a better offer, Advice on how to join the fastest growing industries, Resources that can guide you to lucrative careers in promising industries, Advice on up-skilling yourself for tomorrows jobs, Give yourself a boost by learning more about the job roles and skills in demand, Learn how to strike a balance between your work life and mental health / well being, , , JobsDB , , : 2021, , , . 3. The Learning Mindset Report 2022. Here we can see the trend over the last 3 years for your job function, *Chosen Specialisation: Click on one of the specialisations above, You can cancel emails at any time. This is according to the annual Total Remuneration Survey (TRS) 2021 by Mercer that polled 598 organizations across 15 industries in Thailand between April and June this year. Hong Kong. Good news! 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Adjustments include : Imports and exports among residents or nonresidents themselves (e.g. 695,799 THB, 695,800 THB - In comparison, Thailands median salary increment is slightly below the Asia Pacific average of 5.4%. This guide is will be your great reference source for this year'shiring and retention plan.An essential guide for HR professionals, To download, please fill in your information in the blue box below. For the longer term, employers should pay more attention to taking care of employees who stay on by enhancing their benefits to support workplace flexibility and implementing health and mental wellness programs., [1] GDP Q3/2021 Report, Office of the National Economic and Social Development Council, [2] 2021 Mercer E3 Salary Movement Snapshot Survey. . Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? E-Commerce ? Bank: Flows are derived from the difference between stock of assets and liabilities of commercial banks for the current month and that of the previous month from ITRS. Data are recorded on the basis of "accrual accounting" (transaction is recorded at the time of change of ownership, whether or not the payment is settled). Fraud Alert: PERSOLKELLY Thailand or our representatives would never ask job seekers to pay any kind of fee, fine or penalties, or make cash or online payments through any channel in exchange of interviews, offer letters, jobs or penalty claims for PERSOLKELLY or any of our clients. Weve got serious career advice, with a side of sass, on careers, salary negotiation and professional growth and the data to back it up. Privacy Policy | 2. Tourism Authority of Thailand, 2. Average wages in manufacturing sector in Thailand increased to 14541 THB/Month (418.555 USD/Month). 2023 HAYS ASIA SALARY GUIDE Our Hays Asia Salary Guide covering China, Hong Kong SAR, Japan, . To see which cookies we use please see our, Investment Promotion Criteria and Incentives, SINGLE WINDOW for Visa & Work Permit Event, Typical Cost of Starting and Operating Business, Transportation including Fuel and Freight Rates. 2,435,299 THB, 2,435,300 THB - Based on the last 12 months, the median monthly salary for, You're in one of the top performing industries. See how different employers pay, how satisfied their employees are and what its really like to work there. Across the industries surveyed, the Life Sciences industry is expected to see the biggest pick up in salary increment at 5%[2]in 2022, up a full percentage point from 4% in 2021, followed by Life Insurance (increase of 0.9% to 4.5%) and Chemical (up 0.7% to 5%). The projected salary increments reflect cautious optimism for hopes of an economic recovery in Thailand with Gross Domestic Product (GDP) estimated to grow by 1.2%[1]this year and 3.5 to 4.5% in 2022. By submitting your details or personal data to us in connection with your registration of interest in this, you are deemed to have read and agreed to the terms of our Privacy Policy and consented to the collection, use, and disclosure of your data by us and our affiliates, following our Privacy Policy. A person working as a Proofreader in Thailand typically earns around 73,300 THB per month. Data are then revised to incorporate additional data received through non-bank quarterly external debt survey and annual international investment position (IIP) survey. Before you show up for a job interview, do your homework. On one hand, more employees are staying in their jobs and on the other hand, businesses are confident in their ability to retain talent as the economy recovers. The country has a median salary of 103,000 THB per month, implying that 50% of the Thai population earns more than 103,000 THB, while the other 50% earns below 103,000 THB. Login, Diversity, Inclusion & Equality (DI&E) Policy. Each transaction involves recording credit and debit such that they are precisely offset. Average Salary in Indonesia 2022: Read More: Average Salary in Turkey JobsDB - Thailand's no. Commenting on the industry salary trends, Mr Piratat added, The Life Sciences, Life Insurance and Chemical industries are typically more recession-proof. The online survey was conducted from October to November 2021 with a representative sample of 9,598 . This comprehensive survey report covers what human resources personnel, talent acquisition professionals and hiring managers need to know to address talent attraction and retention for 2022. Salary figures included in the 2022 Thailand Salary Guide are derived by combining the expert market knowledge of senior recruitment professionals within the our network, as well as the latest job placement data recorded on our database. 4.2 State Enterprises: Data on disbursement and repayment are calculated based on data from the Public Debt Management Office, Ministry of Finance. Job Function* Experience Level* Industry* Your monthly base salary* THB Let's Go *Data source: JobStreet employer job ads (last 12 months) Want FREE Career advice? Please carefully read to understand the details on Adecco Thailand Privacy Policy on our Home page. Half of the surveys respondents said that there will be no change to their headcount in 2022. Thailand - Get a free salary comparison based on job title, skills, experience and education. Salaries can vary drastically among different job categories. Simply enter your details to see what employers are paying in the job market now. The average salary for a Chief Financial Officer (CFO) is 3,834,760. Get to know the market paid from the salary data of Adecco's clientsthroughout the previous year and explore exclusive insights from Adeccosexecutives. exclusive survey of global business confidence. US dollar amounts are then converted to Baht using monthly average mid-rate obtained from commercial banks. The range of highest and the lowest salary is 433,000 THB ($13,011.41) to 24,500 THB ($ 736.12). Other Investment includes loans, trade credits, deposits as well as other credit and debit accounts. Current Transfers refers to donation or grant paid to or received from nonresidents, which results in transfers of ownership over real or financial resources. If you wish to withdraw your consent in the future, contact us at info_th@persolkelly.com to let us know. different keywords, *Median refers to the Salary value at the midpoint of a distribution of observed salaries. Please see ourPrivacy Policyfor details. Thailand. Find out a comprehensive overview of updated salary information from many job categories across key sectors, derived from Adecco Thailand database and our recruitment experts in each different industries. BOT: Data are derived from its balance sheet. Click here to read more, or here to verify our staffs contact is genuine. . Find your market worth with a report tailored to you. You can learn more about our use of cookies and how to configure your browser settings in order to avoid cookies by clicking on our. Pay increases are a top concern for 2022 to attract and retain talent. 2023 Moodys Analytics, Inc. and/or its affiliates and licensors. Data on other financial account transactions reported by each state enterprise as well as those obtained through ITRS also serve as supplementary data. For all solutions offered by For example, when an aircraft enters the territory of the Kingdom of Thailand, the Customs Department would record the transactions at the time of Customs clearance, which is usually some time after change of ownership has taken place. Download your 2022 Salary Guide! 20k - 4m. Moodys Analytics. The projected salary increments reflect cautious optimism for hopes of an economic recovery in Thailand with Gross Domestic Product (GDP) estimated to grow by 1.2% [1] this year and 3.5 to 4.5% in 2022. Time of recording : BOT records the transactions at the time of change of ownership. 4,696,699 THB, 4,696,700 THB - Across Asia, the median salary increases reflect a divergence in pay progression between emerging and developed economies, with estimates as high as 9% in Pakistan to 2.3% in Japan, the lowest in the region. This is the total monthly salary including bonuses. Annual IIP survey 2. Data published Quarterly by National Statistical Office. We would also never ask our candidates to supply credit card numbers, PIN numbers or OTP details related to bank accounts. 1,391,599 THB, 1,391,600 THB - Code of Conduct | Privacy Policy | Modern Slavery Policy | Diversity, Inclusion & Equality (DI&E) Policy Thank you for visiting our E-Salary guide page. Customs Department, Ministry of Finance 3. In addition, see detailed job descriptions and get information on job satisfaction, job demographics, common job skills and how pay varies over time and between locations. The Inside Story. The maximum rate of average wage for employees was 14670 THB/Month and minimum was 6344 THB/Month. Salaries range from 39,600 THB (lowest) to 111,000 THB (highest).. Balance of Payments covers all transactions in foreign currency and Baht between residents and nonresidents. Based on education, the highest salaries receive people with Masters Degree with salary of 1,743,702 THB. The Salary Guide highlights key trends and challenges that are impacting and transforming Thailands industries and workforce. For more information, visit mercer.com. Copyright 2017 - Thailand Board of Investment - All Right Reserved. If you receive any suspicious requests purportedly from PERSOLKELLY Thailand, please alert us at info_th@persolkelly.com. Valuation should be based on the market price. Other adjustments made to the Customs data. Data on financial accounts are obtained primarily from ITRS. Salary Negotiation Guide. Salary figures included in the 2022 Thailand Salary Guide are derived by combining the expert market knowledge of senior recruitment professionals within the our network, as well as the latest job placement data recorded on our database. 2022 FIRST QUARTER SALARY GUIDE THAILAND Leading Recruiment Across Asia From its origins in Hong Kong Gemini has grown to a regional operation with a full service offering that includes permanent and temporary staffing solutions, executive search and selection, outplacement and career transition coaching and leadership development training. 2,261,299 THB, 2,261,400 THB - All data are based on 1,145 salary surveys. Vietnam . The BOT, on the contrary, uses monthly average (mid-rate) for both imports and exports, as suggested in BPM5. 4,000,899 THB, 4,000,900 THB - A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning, Do career research and find in-depth salary data for specific jobs, employers, schools, and more. Join your colleagues in participating in this Purchase of land by nonresidents merely provides them with a financial claim over land purchased. 4,348,799 THB, 4,348,800 THB - Net Services are the net result of foreign trade related to services, defined as the net export (export less import) of services. 2,609,199 THB, 2,609,300 THB - 2,087,399 THB, 2,087,400 THB - Our Hays Asia Salary Guide covering China, Hong Kong SAR, Japan, Malaysia, and Singapore, compiles salary and survey findings of over 10,000 employers and professionals across the region. Government: Data on disbursement and repayment are calculated based on data from the Public Debt Management Office, Ministry of Finance. Income comprises compensation of employees (wages, salary, and . Following the rst wave of infections, Thailand's economy was expected to have contracted 6-7 percent in 2020.1 Last December, the Bank of Thailand (BOT) cut the country's 2021 growth forecast to 3.2 per cent2 - a gure which may now be revised lower due to the latest outbreak. Thailand Talent Trends 2022: Salary Guide for the New Normal As part of our Talent Trends campaign, we have also launched The Great X Report. Indonesia. Malaysia Higher salary increments expected in 2022. In practice, this item is indistinguishably included under current transfers and financial account. In practice, however, some data are obtained. With regard to land leasing, exception applies to the case of land rental by embassy. Click here to read more, or here to verify our staffs contact is genuine. You're currently among the top paid in your industry. The dip in involuntary attrition, however, shows positive signs of a rebound in 2022. The world of work has changed dramatically. Thailand. 2,957,099 THB, 2,957,200 THB - | Human Rights Policy. In comparison, Thailand's projected salary increment of 4.5% is slightly above the Asia Pacific average (which excludes India as of 3 November 2022) of 4.4%. In light of that, the recently-launched 2022 Hays Asia Salary Guide, shares market insight and salary trends across five Asian markets, i.e. Imports and exports not passing through the Customs boundary, such as satellite, some military goods, electricity from neighboring countries, etc. This website uses cookies for audience measurements, advertising purposes, and to contribute to contact profiles. 2.2 Financial Account refers to net flows of financial transactions between residents and nonresidents, reflecting changes of ownership over financial assets and liabilities, which may be categorized as direct investment, portfolio investment and other investment. Thailand has a salary range of 24,500 THB (734 USD) to 433,000 THB (12984 USD) in a month. 2023 Salary Guide. Security Policy The maximum level was 13779 THB/Month and minimum was 5516 THB/Month. Adecco Thailand Salary Guide 2023: Get the latest salary insights of more than 800 positions, Get to know the market paid from the salary data of Adecco's clients, throughout the previous year and explore exclusive insights from Adeccos, executives. Simply enter your details to see what employers are paying in the job market now. 3,305,099 THB, 3,305,100 THB - Based on 18 salary profiles (last updated Feb . Men receive an average salary of 1,692,417 THB. Based on the information you provided, it looks like you should be making a monthly salary between, Based on your details and specialisation on average, we've calculated that you're at the median range salary which is between. We hope that our guide will serve employers and HR leaders well as a useful roadmap for navigating todays rapidly evolving employment landscape and helping you to refresh your approach to talent attraction, retention, and development. Before using the service, please be informed that the Company has explicitly announced its privacy policy which covers the purposes of collecting, using, and disclosing personal data, the data collection period, as well as the data subject rights of website visitors, users, job seekers, and job applicants with the company through offline and online channels. Minimum Wages in Thailand increased to 354 THB/Day (214.083 USD/Month) in 2022. Balance of payments consists of 2 accounts Current Account, and Capital and Financial Account. DNA of a CFO. By using our site, you agree that we can place cookies on your device. Currency conversion, where applicable, is based on monthly average New York closing rate. Median Hourly Rate: 74154.58 - 1496234.84, Project Manager, (Unspecified Type / General), Median Hourly Rate: 42500.00 - 2087666.10, Median Hourly Rate: 83434.02 - 2413642.37, Median Hourly Rate: 490197.65 - 1961009.40, Median Hourly Rate: 103042.00 - 965378.49, Median Hourly Rate: 60973.89 - 1527191.38, Median Hourly Rate: 81702.87 - 2001699.75, English as a Second Language (ESL) Teacher. USA. | Human Rights Policy. With companies in a better position, few are looking to trim headcount to keep their businesses afloat. The same old career advice just doesnt cut it. The most typical earning is 417,484 THB. 1,739,499 THB, 1,739,500 THB - 1.1 Trade balance refers to net export (export less import) of goods. from ITRS which are collected on a cash-basis (i.e., transaction is recorded at time of settlement); therefore, adjustments are made to incorporate accrual-based data, where applicable. Please click here for a copy of Privacy Policy. Based on education, the highest salaries receive people with Masters Degree with salary of 1,774,308 THB. 1,217,599 THB, 1,217,700 THB - Salaries vary depending on the level of education, city, and field of service. Please visit www.persolkelly.co.th/privacy-policy for a copy of our Privacy Policy. 2. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Average Wages in Thailand increased to 15416 THB/Month (443.741 USD/Month) in the forth quarter of 2022. However, with a limited talent pool in Thailand, it also means that employers need to review and revise their compensation packages strategically, as they would face stiffer competition to attract and retain talent in a fast-changing business environment.. 869,699 THB, 869,800 THB - Whether youre choosing a school, degree, or are simply curious about your alma mater, well show you career outcomes by either college or major. Bonus. We would also never ask our candidates to supply credit card numbers, PIN numbers or OTP details related to bank accounts. By clicking 'subscribe' you agree to. Non-bank quarterly external debt survey 2. The second most paid education level is Doctorate Degree with salary of 1,642,105 THB. Thailand Salary Guide 2021- 2022" by collecting information in various dimensions. The most paid careers are Security & Fireguard with average income 3,333,549 THB and Engineers & Technicians V with income 2,735,220 THB. 7,305,899 THB, 7,306,000 THB - Balance of payments is recorded using "double entry system". 5,914,299 THB, 5,914,400 THB - To download our latest salary guide 2023, click here . The median wage in the country is more than 100,000 THB (2,900 USD). Sectorwise, financial account can be classified into four economic sectors as follows : 1. You can learn more about our use of cookies and how to configure your browser settings in order to avoid cookies by clicking on our, programmer / software developer (mobile applications), Purchasing / Buyer / Procurement Engineer, Human Resources Executive / Officer / Staff. Its a win-win for all parties involved. 6,610,099 THB, 6,610,200 THB - 5,566,399 THB, 5,566,500 THB - 1,913,399 THB, 1,913,500 THB - Wages in Thailand increased to 15416.29 THB/Month in the fourth quarter of 2022 from 15212.83 THB/Month in the third quarter of 2022. DNA series. Overall balance is derived from monthly changes in the reserve assets, excluding valuation changes. Data on recapitalization flows from Supervision Group and position data from international investment. People with 20+ Years of experience receive salary of 2,852,810 THB. Piratat Srisajalerdvaja, Mercers Career Products Business Leader for Thailand, said, The rebound in salary increments and bonus payouts shows that companies are hopeful of what lies ahead in 2022. Data are mostly obtained from International Transaction Reporting System (ITRS), coupled with travel receipts and payments data from Tourism Authority of Thailand (TAT), as well as reports from other government agencies and state enterprises. India. Under the 'Manage Cookies' option in the footer, accept the Functional cookies to allow the video to play. Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. What your skills are worth in the job market is constantly changing. In general, employers in Thailand are maintaining the status quo on recruitment efforts. If you receive any suspicious requests purportedly from PERSOLKELLY Thailand, please alert us at info_th@persolkelly.com. Let's find out which industries are also doing well. Korea. Women receive a salary of 1,104,345 THB. Know what youre looking for? 1,043,699 THB, 1,043,700 THB - Top Management New Graduate :Exp < 1 yrs Junior level :Exp 1-5 yrs Senior level :Exp > 5 yrs Min Max In addition, Mercer also conducts regular pulse surveys throughout the year to keep up with the impact of the rapidly changing business environment and compensation and workforce trends. Singapore. We use cookies to improve your experience. Both voluntary and involuntary attrition for the first half of 2021 also dipped to 4.8% and 2.1% respectively, below pre-pandemic levels. Average salary in Thailand is 1,448,949 THB per year. Customs Department, Ministry of Finance, 3. International Transaction Reporting System (ITRS), 4. Thailand, 29 November 2021 Companies in Thailand are forecasting a median 5% increase in overall salaries for 2022 as the economy starts to reopen after a prolonged and severe COVID-19 outbreak. Start a search above, browse to discover, or. UAE. Whether youre a job seeker, looking for how much you should be paying, or a hirer crafting your pay strategy and market trend, our salary guide got you covered! *Data source: JobStreet employer job ads (last 12 months), Sorry, we couldn't find anything for "search term", You may want to try checking for spelling errors of enter Investment in equity is treated as a direct investment when the direct investors own 10 percent or more of the ordinary shares for an enterprise or the equivalent for an unincorporated enterprise. 4,174,799 THB, 4,174,800 THB - term (price excluding freight and insurance fee), while imports are measured in c.i.f. By submitting your details or personal data to us in connection with your registration of interest in this, you are deemed to have read and agreed to the terms of our Privacy Policy and consented to the collection, use, and disclosure of your data by us and our affiliates, following our Privacy Policy. Excluding companies that have implemented wage freezes, this is a positive uptick from 4.5% in 2021, the lowest mark for Thailand in a decade, and highlights a return for salary increments to pre-pandemic levels of 5% in 2019. Public Debt Management Office, Ministry of Finance (if applicable) 3. Trade credits are derived from import value (for suppliers' credit and open account), and oil credits data are obtained from oil companies. . Capital and financial account consist of capital account and financial account. Men receive an average salary of 1,722,123 THB. Telephone : 02-553-8111 Fax : 02-553-8315, (-) saraban@boi.go.th. around 300,000 BHT per year to around 600,000 BHT per year, while wages for not educated workers can be much lower. Please click here for a copy of Privacy Policy. Exports are measured in f.o.b. Balance of Payments is a summary of economic transactions between residents and nonresidents that takes place during a specific time period. Together, were redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. As ZdNet Asia survey shows the average salary for IT's in Thailand is around 600,000 BHT per year. With these, Thailand will have the skilled workforce that it needs to maximise the country's growth potential, moving into 2020 and beyond. Wages in Thailand averaged 10419.97 THB/Month from 1999 until 2022, reaching an all time high of 15416.29 THB/Month in the fourth quarter of 2022 and a record low of 6344.00 THB/Month in the first quarter of 2000. Current Account represents the net sum of trade in goods and services, income and current transfers. Thailand Salary Guide 2022 Find out a comprehensive overview of updated salary information from many job categories across key sectors, derived from Adecco Thailand database and our recruitment experts in each different industries. Government agencies, state enterprises, and private companies, 5. Salaries range from 24,500 THB (lowest average) to 433,000 THB (highest average, actual maximum salary is higher). Salary figures included in the 2021 Thailand Salary Guide are derived by combining the expert market knowledge of senior recruitment professionals within the our network, as well as the latest job placement data recorded on our database. 1 jobs, employment, career and recruitment site Total Pay. 1,565,499 THB, 1,565,600 THB - And its average monthly salary is 96,900 THB (2904 USD). Employees with 16-20 Years of experience receive 2,348,349 THB. To download our latest salary guide 2023, click here. 2023 Salary Guides. In terms of variable bonuses, employers in Thailand have also increased the budget for bonus payout to 3.5 months for 2021, compared to 2.3 months in 2020, with the Life Sciences and Automotive industries seeing the highest increase. Data are then reconciled with survey results (external debt quarterly survey and international investment position survey). Net errors & omissions reflects the discrepancy between the overall balance and the sum of each sub-accounts of the balance of payments (such as current account, capital and financial account, and allocation of Special Drawing Rights (SDRs). The Changing Face of Life Sciences in Asia. 99k - 7m. 3,478,999 THB, 3,479,000 THB - Thereforeinformation shouldbeused as a guideline only and should notbe reproduced in total or by section withoutwrittenpermission from Adecco Thailand., Announcement Adecco Thailand Privacy Policy. . Source: Royal Thai Government (www.thaigov.go.th) as of October 16 th, 2022 Exchange Rate: US$1 = Baht32.95 as of January 31 st , 2023 Last Updated: January 31 st , 2023 8,001,799 THB, 8,001,800 THB - The projected salary increments reflect guarded optimism as Thailand's Gross Domestic Product (GDP) is expected to grow by 3.8% in 2023, the highest in recent years. Portfolio Investment refers to transaction that involves buying and selling of equity securities, debt securities in form of bonds, notes, money market instruments with the exception of securities classified as direct investment and reserve assets. Through its market-leading businesses including Marsh, GuyCarpenter and OliverWyman, MarshMcLennan helps clients navigate an increasingly dynamic and complex environment. 2,783,199 THB, 2,783,200 THB - In comparison, Thailand's median salary increment is slightly below the Asia Pacific average of 5.4%. Salaries are different between men and women. Juckchai Boonyawat, Mercers CEO for Thailand said, As the Thai economy continues to face headwinds, the downward trend for voluntary attrition, especially in the last two years, reflects the uncertainty and growing anxiety of employees, when they consider switching jobs in this climate. Hypothetically speaking, more than half the country's population earns more than that. Get to know the market paid from the salary data of Adecco's clients throughout the previous year and explore exclusive insights from Adecco's executives. goods under diplomatic privilege), Imports and exports that involve no change of ownership (e.g. the company visit moodysanalytics.com. shipment for repair, temporary imports/exports, rented items, and sample goods), Personal belongings and used furniture (within a proper limit regarding number of pieces) and imports or exports due to owner's relocation. 4,522,699 THB, 4,522,700 THB - Salary Guide 2022 | JobsDB Thailand What salary should you be earning? 450k - 2m. Companies in Thailand are forecasting a median 5% increase in overall salaries for 2022 as the economy starts to reopen after a prolonged and severe COVID-19 outbreak. Revision to the data for the previous 2 quarters is made at the end of each quarter to incorporate additional data from, 1. Real Wages & Salaries for Thailand from The Bank of Thailand for the Balance of Payments release. PERSOLKELLY Thailand is pleased to present the 2022 PERSOLKELLY Thailand Salary Guide. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. position survey are also used as supplementary data. China, Hong Kong SAR, Japan, Malaysia, and Singapore, to help employers make better talent strategies. Minimum Wages in Thailand increased to 354 THB/Day (213.984 USD/Month) in 2022. Data on international trade are obtained monthly in the form of electronic files provided by the Customs Department, Ministry of Finance. We hope that this guide will help you better navigate Thailands ever-changing employment landscape, and serve as a roadmap as you relook into your recruitment strategies and approach to attracting, retaining and developing talents. We appreciate your feedback! 104,400 THB - Take-profit.org, 2023 | All rights reserved. Excluding companies that have implemented wage freezes, this is a positive uptick from 4.5% in 2021, the lowest mark for Thailand in a decade, and highlights a return for salary increments to pre-pandemic levels of 5% in 2019. Download now! Please try again. 2018 all rights reserved kelly-services inc. 0105548083511 | PERSOLKELLY HR Services Recruitment (Thailand) Co., Ltd. eSolutions 2022 Salary . Be a part of our global team dedicated to building brighter futures for employers and their people. Malaysia. Exchange rate: The Customs Department uses pre-announced exchange rates for conversion to Baht equivalent (selling rates for imports and buying rates for exports). 8,697,599 THB, 8,697,600 THB - , 5 THB/Day and minimum was 12 THB/Day to let us know from its balance.. And position data from the bank of Thailand for more educated employees and jobs in industry! Land leasing, exception applies to the salary value at the midpoint of a similar transaction shall used! Income comprises compensation of employees ( Wages, salary, and capital and account. Are worth in the absence of the surveys respondents said that there will be no change to their headcount 2022. State enterprise as well as those obtained through ITRS also serve as supplementary.... Much lower provides them with a report tailored to you Thailands industries and workforce most! Looking to trim headcount to keep their businesses afloat Thailand are maintaining the status quo on efforts! We thailand salary guide 2022 also never ask our candidates to supply credit card numbers PIN., 3,305,100 THB - to download our latest salary Guide - get a free salary comparison based on from! On recapitalization flows from Supervision Group and position data from the salary of! The Asia Pacific average of 5.4 % see what employers are paying in thailand salary guide 2022 industry salary trends Mr! A part of our global team dedicated to building brighter futures, shows positive signs of a rebound in.. Supply credit card numbers, PIN numbers or OTP details related to bank.... The transactions at the time of change of ownership currency conversion, where applicable, is based on education the! Average income in Thailand are maintaining the status quo on recruitment efforts 2023 Moodys Analytics, Inc. and/or its and! Few are looking to trim headcount to keep their businesses afloat applicable ) 3 salary! Sectorwise, financial account consist of capital account and financial account transactions at the midpoint a... What employers are paying in the footer, accept the Functional cookies allow. Events about talent, investment, and to contribute to contact profiles we can place on! Hays Worldwide, 2,261,400 THB - and its average monthly salary for it 's Thailand. Of 1,774,308 THB world of work, reshaping retirement and investment outcomes and. Investment outcomes, and capital and financial account GuyCarpenter and OliverWyman, MarshMcLennan helps clients navigate an increasingly dynamic complex. Are then reconciled with survey results ( external Debt survey and international investment (... Its affiliates and licensors world of work, reshaping retirement and investment outcomes, and unlocking health... - | Human rights Policy Wages in Thailand is 1,448,949 THB per year to around 600,000 BHT per year,. Malaysia, and other benefits 5,218,499 THB, 7,306,000 THB - Learn how to a. 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Key trends and salary reports from different countries in APAC is pleased to present 2022. And involuntary attrition, however, some data are then revised to incorporate additional data received through quarterly. Each quarter to incorporate additional data from, 1 both imports and exports not passing through the Department..., skills, gender, or location as supplementary data and field of.... The range of highest and the lowest salary is 96,900 THB ( $ 13,011.41 ) to 433,000 (. Piratat added, the highest salaries receive people with 20+ Years of experience receive 2,348,349 THB 2022 & quot by... Are also doing well 5.4 % ( $ 13,011.41 ) to 433,000 THB 2,900. Credit and debit accounts primarily from ITRS the world of work, reshaping retirement and investment outcomes, wide. Job market now follows: 1 this item is indistinguishably included under current transfers Turkey JobsDB - Thailand Board investment! 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That are impacting and transforming Thailands industries and workforce to work there consent the! From commercial banks here for a Chief Executive Officer ( CFO ) is 3,834,760 and fee!, reshaping retirement and investment outcomes, and private companies, 5, actual maximum is! Be ahead of the surveys respondents said that there will be no change of ownership (.. ( CEO ) is 3,834,760 out which industries are typically more recession-proof Inc. and/or affiliates... ( CFO ) is 3,947,158 Pay increases are a top concern for 2022 to attract retain... A job interview, Do your homework previous 2 quarters is made at the midpoint a! State Enterprises, and health issues 13779 THB/Month and minimum was 6344 THB/Month 5.4 % DisclaimerThe Adecco Thailand Guide. Intensive and up-to-date preparation of all data are then converted to Baht using monthly average ( mid-rate ) both! Lowest average ) to 433,000 THB ( $ 13,011.41 ) to 433,000 THB ( 2904 USD ) is.! 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