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Employees in Thailand are likely to look for new employment if their salaries remain unchanged, according to a recent survey

More than 73% of Thais who are now employed have stated that if their salaries are not increased promptly, they will start looking for new employment.

The Robert Walters Salary Survey 2023, which was published on November 29th, contained this information. The study examined current wage trends, offered insight into the recruitment environment in Thailand in 2022, and generated projections for 2023.

More than 87% of the 460 respondents maintained stable work, with 60% of them being between the ages of 40 and 45. The research was carried out in September.

The study’s findings indicate that Thailand’s job environment will be significantly influenced by the level of inflationary pressure in the upcoming year. While 73% of employers acknowledge that inflation is the most crucial aspect to take into account when giving compensation increases, 72% of Thai professionals said they will look for new employment possibilities if their earnings are not boosted beyond the rate of inflation.

People in a variety of occupations have said they expect a pay raise the next year in the meantime. According to the survey, 94% of people in the accounting and financial industry, 91% of people in the procurement and supply chain industry, and 90% of people in the engineering and manufacturing industry anticipate wage increases in 2023.

Another prediction made in the report is that employees who are digitally savvy will be more likely to be hired and receive pay raises. Employees with “plug-and-play” skill sets, or skills that can be applied even when a person changes their line of work, are likely to see raises of between 15 and 30 percent in the interim.

On the other hand, new hires may anticipate a 15% wage increase depending on their potential, while ongoing employees may see a pay raise of 2% to 5% or a promotion-related pay raise of 10% to 15%.

Punyanuch Sirisawadwattana, country manager of Robert Walters Thailand, claims that this year’s high level of competitiveness in the Thai labor market is due to an imbalance between the demand for skills and the supply of ability.

Despite the fact that the size of the talent pool has remained constant, she saw that demand for 2021 and 2022 has increased. This is especially significant in light of how many foreigners departed the nation during the Covid-19 pandemic.

She claims that businesses must create alluring offerings in order to draw in talented personnel.

According to Robert Walters, companies that want their staff to stay with them should give them more freedom and be upfront about the organization’s mission.

The study also discovered that in 2022, most respondents valued quality time spent with family and friends more than solid pay and the benefits of overcoming difficult professional challenges.

In contrast, “inspiring colleagues and culture” will be professionals’ top priority across nearly all industries by the year 2023.

The twenty-fourth survey in a series by Robert Walters, which has been researching the recruiting trend for more than 20 years, was conducted this year. It has been in the recruitment business for 37 years, and 31 different countries currently provide its services.

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