A worker unloads a bag of rice at a fresh market in Bangkok on April 18, 2024. Photo by AFP
Thai employees’ average salary is expected to rise by 5% in 2025, maintaining the same growth rate as this year, according to a recent survey.
Key factors that affect salary hikes are performances of individuals and organizations, salary range and the organization’s competitiveness in the job market, the Total Remuneration Survey 2024 by professional services company Mercer shows.
Some 91% of the organizations polled reported having short-term incentive plans such as bonuses, said the survey, which was cited by The Bangkok Post.
The ratio of businesses offering long-term incentives (such as stock options) grew by 1.8 percentage points to 80.7% this year.
The auto industry is expected to award its employees with the highest short-term incentives which accounts for 23% of total remuneration packages.
The highest paying sector is the life sciences industry which compensates 20% more than the average for annual base salaries.
“The average salary increase of 5% in 2025 reflects an ongoing commitment by Thai organisations to invest in their workforces,” said Thira Laulathaphol, career principal at Mercer’s Thailand, as reported by The Nation.
“With 100% of surveyed companies planning salary increases, it is clear that Thailand has a competitive job market.”
The survey analyzed data from 5,000 roles in over 700 companies in Thailand.
