Mercer’s 2023 Global High Potential Employee Market Trends Report reveals that employers in Thailand are moving forward with flexible work plans. but also lack of care for the welfare and skills of employees
6 out of 10 executives expect The organization will be able to generate stable income or have better growth. But there are still concerns about the cost of investment and the company’s debt. and tight labor market conditions This affects the competition to attract employees with outstanding skills and abilities.
And according to Mercer’s Global Talent Trends (GTT) Study 2023, the Global Talent Trends (GTT) Study 2023, among nearly 100 HR executives who participated in the survey, found that: Approximately 47% are concerned about a shortage of talent and skills that organizations will need in the future, and 40% of those surveyed have an opinion Employees are overburdened with responsibilities that can leave employees unable to concentrate enough on managing each task, and 38% say their organization needs to balance the organization’s transformation program while creating Positive employee mindset so that the Lord can move on
The conclusions of the report show the need for employers in Thailand. Must create a new way of working for employees. And focus on developing the organization to be an organization that places importance on building the skills of employees. to attract talented personnel to join the work
working as a partner Through a flexible working system and good compensation for employees
About 7 out of 10 employees said that in the past year Organizations that do not have the flexibility of employees working anywhere or do not have a policy to operate in a semi-permanently online manner. It will be the decisive factor for employees whether to join or stay at that organization. From the survey results, it was found that About 61% of employers participated in the survey. It offers flexible work options to employees at different levels, reflecting higher rates than the average for Asian employers. Should encourage employers in the part that has not improved the work system. Recognizing the importance of flexible working in order to attract and retain talent for the organization.
However, in terms of absorbing the effects of rising inflation. Approximately 27% of employers in Thailand participated in the survey. More than 30% of businesses in Thailand responded to the survey. There is an increase only in the part of subsistence allowance. Or raise wages in other areas, which is considered a more sustainable corporate compensation management.
Delivering holistic well-being to employees: Focus on truly meaningful welfare.
Organizations must differentiate beyond fair compensation policies to attract and retain talent. but must also pay attention to the well-being of employees as a whole This includes physical, mental, social and financial well-being. According to a Mercer survey, 9 out of 10 organizations in Thailand is focusing on providing welfare to employees To build relationships and increase engagement between organizations and employees better in 2023, it can be seen that 48% of organizations have plans to improve employee welfare this year. Have a permanent employee status, about 46% of the surveyed organizations. has not considered a plan to create job security for temporary contract employees which is close to the average of the Asian region
However, the outlook for employers in Thailand when it comes to helping workers during crises still lags behind Asia in other areas, particularly mental health support. Only 13% of organizations have mechanisms to help employees manage crises caused by unforeseen events. This is lower than the average in Asia. In addition, from the survey, there are about 23% of organizations in Thailand only. That can allow employees to access mental health services online.
Empowering Employees: By understanding their skills To create skills to meet the needs of the labor market.
Another challenge faced by employers in Thailand in terms of development. is to make it a skill-driven organization. 60% of employers have a clear understanding of the need for outstanding talent in their organization. But the human resource executives may not be able to develop and recruit capable personnel as planned. Only about 3 out of 10 Thai employers have internal talent recruitment agencies. And only about 33% of employers encourage their employees to attend skill training at their will to advance their careers. compared to an average of 60% of employers in Asia.
In terms of the use of tools and technology to measure and assess the skills of an organization’s workforce, companies in Thailand lag behind the Asian average as a whole. Compared to the Asian average of 41%, only 22% of Thai employers are using an artificial intelligence-powered workforce data platform, and only 43% compared to the 53% Asian average using psychological measurement tools. to assess the potential of personnel
Read more at mercer.com
