You are here
Salary Guide 2020
Download Thailand Employment Outlook 2020
The Michael Page Employment Outlook is our annual salary guide developed as a reference for hiring managers and job seekers to make informed employment decisions in Thailand. The guide benchmarks the salaries of various job functions across different sectors, including Finance & Accounting, Technology, as well as Sales and Marketing. Leveraging data from Michael Page’s proprietary data and network, studies and observations, the guide provides precious insights to hiring trends and market sentiments in the Asia-Pacific region.
Furthermore, an additional section, titled “What is the Thailand workforce thinking”, will delve into the specifics of what Millennials and Generation X are thinking with regard to work, including topics like:
Average salary increase when changing jobs*
|Business Services||15 - 20|
|Fast Moving Consumer Goods (FMCG) & Retail||15 - 20|
|Healthcare & Life Sciences||18 - 22|
|Industrial||12 - 17|
|Property & Construction||17 - 20|
|Technology||25 - 30|
|Transport & Distribution||15 - 20|
* Data is derived from July 2018 to June 2019, and is validated against insights from our leaders’ and consultants’ interactions with clients and candidates.
How can the report benefit you?
- Understand factors that attract and retain talent
- Project reasonable talent cost based on hiring forecast
- Discover top reasons for resignation
- Find out potential roles to upskill for
- Cite informed salary expectations when switching jobs
- Discover trending skills for your job function
Thailand Salary Benchmark 2020: Strong partnerships push Thailand further forward
The Kingdom of Thailand enters a brand-new decade in strong shape in terms of its business fundamentals. Despite some clouds on the horizon globally, Michael Page is excited to help our customers to further benefit from the prospects ahead. This is bolstered by strong macro-economic fundamentals in Thailand, including a 4% growth forecast (off the back of a 3.3% 10-year average), and record-low inflation and unemployment — plus the government’s business-friendly agenda, bolstered by the Thailand 4.0 drive. This public-private sector initiative is helping to see the Kingdom move up the economic value-chain, and ushering in further exciting investments in digitalisation, AI, agritech, infrastructure, manufacturing and automation.
Amidst this climate, Technology and Digital are fast-moving disciplines, and the ones we see to enjoy strong potential in 2020 and beyond. In line with this, this year’s Salary Benchmark takes a close look at Employee Experience (EX): and indeed, for clients competing for Thailand’s most in-demand profiles in Technology and Digital realms, it is wise to think carefully about your offering. While compensation is always important, for established brand and start-ups alike, equally critical will be you as a manager, your ability to tell a strong company story, as well as to help candidates understand where their career could fit within the next chapter of your business journey. And of course, having garnered their interest, it’s key that you can move fast to confirm them.
Likewise, for those candidates eyeing the market for new job prospects, particularly Thai nationals returning to the market, we hope this report can be the beginning of a fruitful discussion with Michael Page, and an extremely successful decade ahead.