Organisations in Thailand will need to look beyond remuneration in order to retain their best talent, said a global salary survey.
In view of the keen competition for professionals in the market, companies are expected to think long-term and increase their focus on internal career opportunities as well as training and development programmes, said the survey by specialist professional recruitment firm Robert Walters.
Figures from the survey suggested that candidates who switched jobs in 2014 could command an average salary increment of 20-25 per cent. This trend is likely to continue in 2015.
"Hiring managers in Thailand will continue to compete for business-savvy Thai professionals with bilingual abilities and international exposure. With these professionals in limited supply, companies need to make swift decisions during the recruitment process and provide comprehensive career development, work-life balance as well as attractive compensation and benefits packages," said Gerrit Bouckaert, country manager of Robert Walters Thailand.
Other key findings in the survey are:
- Accounting and finance professionals with experience in strategic business development, financial planning and treasury will be in demand.
- Due to new international banks entering Thailand, Robert Walters expect increased demand for relationship managers as companies strive to acquire market share.
- Compensation and benefits specialists remain challenging to source as these professionals currently command some of the highest salaries and organisations have to pay a premium to secure them.
- Specialist IT positions such as those in cloud computing, ERP, data centre and project sales will be highly sought-after.
- Sales and marketing candidates with fast-moving consumer goods (FMCG) experience will be in demand, particularly those with a proven sales record, strong analytical skills and commercial acumen.