2023 Thailand Here in Thailand, the government is also pushing the digital economy to contribute 30% of the countrys GDP by 2027, added Naraphorn. Why is there a high turnover despite decent pay and work? Show publisher information As of December 2022, the country had already reached the Standard users can export data in a easy to use web interface or using an excel add-in. 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To use individual functions (e.g., mark statistics as favourites, set WebTHE EMPLOYMENT SITUATION MAY 2023 . WebEmployment in industry (% of total employment) (modeled ILO estimate) in Thailand was reported at 22.51 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. As soon as this statistic is updated, you will immediately be notified via e-mail. Employment In Services (% Of Total Employment) 2023 Data 2024 Forecast 1971-2021 Historical. Maternity Leave: During each pregnancy, women are allowed to take up to 98 days of leave (inclusive of holidays). Data Buffet's geo coverage is the country and Bangkok. Thai Historical Data (%) by years Data Period Date Historical Chart by prime ministers (%) Prayut Chan-o-cha Yingluck Shinawatra Abhisit Vejjajiva Surayud Chulanont The Office of Small and Medium Enterprises Promotion. statistic alerts) please log in with your personal account. WebWages in Thailand decreased to 15117.83 THB/Month in the first quarter of 2023 from 15416.29 THB/Month in the fourth quarter of 2022. source: National Statistical Office of Thailand. To use individual functions (e.g., mark statistics as favourites, set The Office of Small and Medium Enterprises Promotion. Organisations in Thailand have come to recognise the importance of better understanding how to competitively pay for critical digital roles such as digital marketers, data scientists and application developers. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. You need at least a Starter Account to use this feature. Data published Monthly by Central Bank. The unemployment rate in Thailand dropped to 1.15 percent in the fourth quarter of 2022 from 1.23 percent in the previous quarter. For the last three years in a row, the IT job position has been ranked as having the best job opportunities. Use Ask Statista Research Service, COVID-19 deaths worldwide as of May 2, 2023, by country and territory, COVID-19 cases worldwide as of May 2, 2023, by country or territory, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of May 2, 2023, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Jun. The good news, however, is that these employers can still change the game by rethinking and redesigning their reward offerings to match or exceed their peers by leveraging data on talent market salaries and benefits from a comprehensive and reliable database. Thai Thailand Thailand Currently, you are using a shared account. Companies in Thailand face a fierce battle for digital talent. Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by . Summary. Tourism, known as Thailands key engine for economic growth in pre-Covid, is recovering from more relaxed measurements and reopening of the border. According to a WTW survey of over 620 companies across all sectors in Thailand, the projected salary increases this year is at 5%. Now is the time for employers to rethink and redesign employee reward packages, said Naraphorn. According to a WTW survey of over 620 companies across all sectors in Thailand, the projected salary increases this year is at 5%. Over a quarter of companies (28%) polled intend to expand their workforce in 2023, primarily in high-demand fields like Sales, Engineering, Information Technology (IT) and Technicians. The unemployment rate in Thailand fell to 1.05 percent in the first quarter of 2023 from 1.15 percent in the previous quarter. Data Scientists and Business Intelligence Analysts are in high demand and their pay reflects this. As organisations realise the need to boost their digitalisation efforts, HR will have a crucial role in building the workforce of the future with data-driven and forward-thinking approaches. occurred in professional and business services, government, health care, construction, transportation and The new wages are as under: Chonburi, Rayong, Phuket 354 Baht Thailand WebInflation Rate. Over a quarter of companies (28%) polled intend to expand their workforce in 2023, primarily in high-demand fields like Sales, Engineering, Information Technology (IT), and Technicians. Employment Thailand The improvement has continued since the first quarter in 2011 and determined the minimum age of labour force at 15 years old. After one year of employment, an employee is entitled to take at least 6 days per year of paid annual leave. "seasonally inactive labor force." Organisations must also reassure their employees that their role leads to continuous learning and that they will be able to advance their skills while working. According to a WTW survey of over 620 companies across all sectors in Thailand, the projected salary increases this year is at 5%. Show sources information Figures have been rounded. The last time the daily minimum wage increase was in 2020. Unused vacation can be accumulated from year to year. Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by . Addressing Flood, Drought Risk Key to Sustaining Robust Growth. Direct access to our data from your apps using any programing language. GDP Growth . Thailand WebThe economy is projected to expand by 3.4% in 2022 and 3.6% in 2023. White label accounts can distribute our data. For employment by industry, we construct SA counterparts for the broad aggregates "agriculture" and "non-agriculture.". Labor force information was obtained through interviewing method of head or member of households by experienced enumerators. Employment Laws of Thailand 2023 An Overview MINIMUM WAGE As of 1 October 2022, Thailand has increased the daily minimum wage rates across all its provinces by an average of five percent. Thailand WebDescription For Thailand, survey-based labor force status measures and employment by industry. Addressing Flood, Drought Risk Key to Sustaining Robust Growth. Employment outlook for 2023. BANGKOK, June 28, 2023 Thailand's economy is projected to accelerate to 3.9 percent in 2023 from 2.6 percent last year due to stronger-than-expected demand from China, Europe, and the United States, private consumption growth, and a recovery in tourism, the World Bank said Growth in 2023 has been revised down by 0.7 percentage point compared to earlier projections reflecting faster-than-expected decline in global demand. Use Ask Statista Research Service, Number of foreign workers in construction and shipyard processes Singapore 2015-2021, Number of migrant domestic workers in Singapore 2013-2021, Female labor force participation rate in Singapore 2012-2021, Employment by economic sector in Singapore 2021, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Advanced users can use our Python/R/Matlab packages. For overtime on a holiday, the rate is three times regular pay. Current Account. According to a WTW survey of over 620 companies across all sectors in Thailand, the projected salary increases this year is at 5%. Data are collected by NSO officers through interview with head or member of the household units participated in the survey. Employees are allowed up to 30 days of paid sick leave in a year and additional sick leaves are unpaid. Unemployment Rate. Economy & Politics Economy Premium Premium statistics Industry-specific and extensively researched technical data (partially from exclusive partnerships). Thai For Thailand, survey-based labor force status measures and employment by industry. Employment In Services (% Of Total Employment) 2023 Data 2024 Forecast 1971-2021 Historical. occurred in professional and business services, government, health care, construction, transportation and The COVID-19 crisis has been a driving force behind digital transformation. WebThe unemployment rate in Thailand fell to 1.05 percent in the first quarter of 2023 from 1.15 percent in the previous quarter. Attraction and retention challenges continue to plague organisations and IT skills are most sought after by companies. Furthermore, 96% of employers face difficulty in retaining digital talent over the long term, particularly in positions involving AI, cybersecurity and analytics. If the length of employment period is between 3 and 6 years, then the severance payment is 180 days of wage. Employment drops 0.6% y/y in Q3. To be eligible for the social security benefit, insured persons or their spouses must have made contributions into the system for at least seven of the 15 months preceding medical treatment for pregnancy. Current job openings: Download historical data for 20 million indicators using your browser. Thailand The provision further provides that employers are responsible for ensuring that remote work agreements are in writing, either physically or electronically, and may include the following details: The amended LPA gives employees who work from home the right to refuse contact from the employer or the supervisor beyond working hours. Employment to population ratio is the proportion of a country's population that is employed. A pregnant employee cannot be forced to work between the hours of 10 PM and 6 AM by an employer. BANGKOK, June 28, 2023 Thailand's economy is projected to accelerate to 3.9 percent in 2023 from 2.6 percent last year due to stronger-than-expected demand from China, Europe, and the United States, private consumption growth, and a recovery in tourism, the World Bank said Thailand Unemployment Rate 2023 WebBoth IMF and the Bank of Thailand also announced that Thailands GDP would grow at 3.7% for 2023 amidst the global slow down. White label accounts can distribute our data. Current Account. Data published Monthly by Central Bank. We have a plan for your needs. Economy & Politics Economy Premium Premium statistics Industry-specific and extensively researched technical data (partially from exclusive partnerships). If the length of employment period is between 20 years and more, then the severance payment is 400 days of wage. Tourism, known as Thailands key engine for economic growth in pre-Covid, is recovering from more relaxed measurements and reopening of the border. Cash compensation will continue to be the most effective attraction and retention tool for digital talent, but there are also important and effective non-monetary factors. WebWages in Thailand decreased to 15117.83 THB/Month in the first quarter of 2023 from 15416.29 THB/Month in the fourth quarter of 2022. source: National Statistical Office of Thailand. The ideal entry-level account for individual users. Please create an employee account to be able to mark statistics as favorites. You need at least a Starter Account to use this feature. Thailand Overview For all solutions offered by The new wages are as under: The maximum number of daily working hours is eight, while the weekly number of working hours cannot exceed 48. The industry sector consists of mining and quarrying, manufacturing, construction, and public utilities (electricity, gas, and water), in accordance with divisions 2-5 (ISIC 2) or categories C-F (ISIC 3) or categories B-F (ISIC 4). facts. Roles such as those in the fields of IT Developer, Digital Marketing and Online Community Marketing experience a turnover rate of nearly 20%. In addition, employers must treat remote employees equally to on-premises employees. Cloud Computing Engineering, Machine Learning, Full Stack Development and Technology Product Development Prototypes and Trials, are among the jobs available. Thailand Unemployment Rate 2023 (May 10, 2023). Today's digital talent is looking for more than just a good salary, said Naraphorn. if the employee takes a sick leave for more than three days, the employer may require a doctors certificate. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The survey is conducted simultaneously for all surveyed units nationwide during days 1 to 12 of each month. Unemployment Rate. If the length of employment period is between 1 and 3 years, then the severance payment is 90 days of wage. Chart. Thailand Labor Force 4, Adjustment: Not seasonally adjusted (NSA), TSIC 2009 and monthly - 2001 to 2020 (no archive specifier), Industrial classification: TSIC 1989, aligned with UN ISIC Rev. Available: https://www.statista.com/statistics/332341/employment-by-economic-sector-in-thailand/, Thailand: Distribution of employment by economic sector from 2011 to 2021, Immediate access to statistics, forecasts & reports, Life expectancy at birth in Thailand 2021, Life expectancy at birth in Thailand 2021, by gender, Median age of the population in Thailand 2020, Gross domestic product (GDP) in Thailand 2028, Gross domestic product (GDP) per capita in Thailand 2028, Gross domestic product (GDP) growth rate in Thailand 2028, Thailand: Share in global GDP adjusted for PPP 2028, Share of economic sectors in the GDP in Thailand 2021, Employment by economic sector in Thailand 2021, National debt of Thailand in relation to gross domestic product (GDP) 2028, Ratio of military expenditure to gross domestic product (GDP) in Thailand 2021, Ratio of government expenditure to gross domestic product (GDP) in Thailand 2028, Thailand's budget balance in relation to GDP 2028, Total population of the ASEAN countries from 2018 to 2028, Life expectancy at birth in the ASEAN countries 2021, Gross domestic product of the ASEAN countries from 2018 to 2028, Gross domestic product (GDP) per capita in the ASEAN countries 2028, Inflation rate in the ASEAN countries 2028, Trade balance of goods in the ASEAN countries 2022, New cases of COVID-19 worldwide from January 23, 2020 to June 13, 2023, by day, Employment by economic sector in the Kyrgyz Republic 2021, U.S. exports of trade goods to Thailand 1985-2022, Thai fruit export share 2014, by destination, Most popular South Korean celebrities in Thailand 2017, Thailand - forecasted for vehicle production 2010-2015, Households with access to toilets in Chandigarh India 2018 by type, Industry revenue of demolition and site preparation in the Philippines 2012-2024, Leading probiotics companies South Korea 2021, by revenue, Find your information in our database containing over 20,000 reports. ", The Office of Small and Medium Enterprises Promotion, Growth rate of small enterprise (SE) employment in Thailand in 2nd quarter 2022, by sector Statista, https://www.statista.com/statistics/1333757/thailand-growth-rate-of-small-enterprise-employment-by-sector/ (last visited July 06, 2023), Growth rate of small enterprise (SE) employment in Thailand in 2nd quarter 2022, by sector [Graph], The Office of Small and Medium Enterprises Promotion, August 12, 2022. who worked in a job for at least one hour) or not at work due to temporary absence from a job, or to working-time arrangements.
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