Average salary in Thailand set to increase by 5% in 2025: survey
The average employee salary in Thailand is set to increase by 5% in 2025, equivalent to 2024, Thai media reported, citing a report of Mercer - a global leader in human resource consulting, outsourcing and investment services.
Bangkok (VNA)♔ – The average employee salary in Thailand is set to increase by 5% in 2025, equivalent to 2024, Thai media reported, citing a report of Mercer - a global leader in human resource consulting, outsourcing and investment services.
According to the English-language The Nation, Mercer’s Total Remuneration Survey 2024, which analyses remuneration trends and policies across more than 5,000 roles in over 700 companies in Thailand, shows that while salaries are set to increase at the same pace compared to 2024, all companies that joined the survey are set to provide salary increases in 2025, compared to 99.8% in 2024.
The survey also says that the top factors influencing salary increases in 2025 are individual performance, salary range, organisation performance and the organisation's competitiveness in the job market.
Nearly 91.0% of the organisations surveyed have short-term incentive plans such as bonuses, while the percentage of companies offering long-term incentives such as stock options grew 1.8% from 78.9% in 2023 to 80.7% in 2024.
Thira Laulathaphol, Mercer’s Thailand Career Principal, said that with 100% of surveyed companies planning salary increases, it is clear that Thailand has a competitive job market.
In this environment, it is crucial for human resources leaders to adopt a holistic approach to total compensation. This includes salary adjustments and short-term and long-term incentives while addressing the evolving well-being needs of employees.
He added that by effectively adapting to changing expectations, companies can attract and retain top talent in an increasingly complex landscape./.
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