Key Factors Influencing Salary Increases

According to Mercer's Total Remuneration Survey 2024, the primary determinants of salary hikes in Thailand include individual and organizational performance, salary range, and the organization's competitiveness in the job market.

Short-Term Incentives on the Rise

The survey revealed that 91% of the organizations polled offer short-term incentive plans such as bonuses. Additionally, the proportion of businesses providing long-term incentives, like stock options, has increased by 1.8 percentage points to 80.7% this year.

Industry-Specific Remuneration Trends

The automotive industry is anticipated to award the highest short-term incentives, accounting for 23% of total remuneration packages. Meanwhile, the life sciences industry stands out as the highest-paying sector, offering annual base salaries 20% above the national average.

Commitment to Workforce Investment

Thira Laulathaphol, Career Principal at Mercer's Thailand, emphasized that the projected 5% average salary increase in 2025 underscores Thai organizations' continued commitment to investing in their workforces. With 100% of surveyed companies planning salary increases, Thailand's competitive job market is evident.

Survey Insights

The survey analyzed data from 5,000 roles across over 700 companies in Thailand, providing a comprehensive view of the current remuneration landscape.