THURSDAY, March 28, 2024
nationthailand

Hikes in range of 4.7 to 5.9 per cent this year  

Hikes in range of 4.7 to 5.9 per cent this year  

Salaries  have risen between 4.7 per cent to 5.9 per cent this year,  according to Thailand's Total Compensation Measurement (TCM) Study and Benefit Survey 2017 by Aon Plc, a global professional services firm providing a broad range of risk, retirement, and health solutions.

 At 5.3 per cent, the average salary increase across industries surveyed in Thailand is the same as last year and is projected to remain at this level in 2018 as well. However, an increase in property targeted at high net-worth individuals and new projects for healthcare industry means the real estate industry will offer a higher increase at 6.2 per cent. Performance continues to drive pay with top performers getting higher salary increases and short- term incentives. High-potential employees are rewarded by promotions.
 The study reveals that turnover rate in 2017 has increased to 16.6 per cent from 16.3 per cent in 2016. This is driven by a growing job market and a younger workforce that is open to change.
 Total Compensation Measurement Study and Benefit Survey includes more than 1700 participating organisations across 180 countries around the world. This year, there were 132 participating organisations across all key industries in Thailand.
 

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