Office workers with face masks cross a footbridge on Vibhavadi Rangsit Road during lunch hour. (Photo by Apichit Jinakul)
Salary increases in Thailand dipped below 5% for the first time in 10 years to 3.7% in 2020, while salaries next year are expected to rise 5%, according to a survey by Mercer Thailand.
The figures are based on the annual Thailand Total Remuneration Survey 2020 by Mercer Thailand, which surveyed 577 companies across multiple industries in Thailand between April and June this year.
Mercer is a human resources consulting firm based in the US.
Piratat Srisajalerdvaja, Mercer’s career products leader for Thailand, said yesterday while only 22 companies out of 577 reported a salary freeze in 2020, the overall median salary increment for 2020 was adjusted to 3.7%, compared with the…
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