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XML has expertise and resources to meet your organization’s workforce needs wherever, and in whichever field these might be.
The Thai economy is currently stagnant, registering its worst performance since 1997 when the Asian Financial Crisis hit. The GDP has declined by 6.1%. This year’s numbers are expected to be even worse, with only 0-1% growth predicted for 2021 because demand and foreign tourism – the two sectors driving Thailand’s economic engine – have dropped. Some recent developments offer hope: following last year’s devastating tourist crisis, STV visas and Phuket Sandbox came into effect. Thailand’s economy is expected to be buoyed by exports over the next year. Thanks in part to vaccine progress and fiscal stimulus packages, Thailand will once again see increased growth later this year. In 2020, Thailand ranked #21 in the World Bank’s Ease of Doing Business index (Sources: Deloitte, IMF, Nasdaq, and World Bank).
A trusted professional employment organization with in-depth knowledge of the market in Thailand, XML International provides you with end-to-end personalised solutions to recruit and manage remote team members for your activities in Bangkok or any other city in Thailand, regardless of the size of your organisation or your industry.
Employees will be employed pursuant to local labour laws, and all required social security and taxation will be paid to the local Authorities.
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Bangkok
Thai Baht THB
Thai
Minimum wage in Thailand varies depending on province and area of the workplace. In Bangkok minimum wage is 331 THB.
Working hours are 8 hours a day and 40 hours a week.
Workers are entitled to at least 6 paid days of leave per year.
Workers are entitled to at least 30 paid days of sick leave per year.
Female workers are entitled to at least 90 days of maternity leave with 45 paid days.
There is no statutory regulation for paternity leave in Thailand.
The employer must provide advance notice on or before the date of payment, for the termination to take effect by the following payment date, or pay an indemnity in lieu of notice in order for the termination to take effect immediately. However, such notice does not need to be more than 3 months. If an employer wishes to terminate an employment agreement immediately without advance notice, the employer must pay wages in the amount equal to the employee’s entitlement from the dismissal date until the date of termination of employment, to be paid on the date of the dismissal.
A probation period as such is not regulated under Thai labor law. There is no exact probationary peri-od prescribed under the local labor law. In practice, the probation period in Thailand varies between 3-6 months. The employer may stipulate the probation period in the employment agreement, or the company work rules.
The standard VAT rate is 7%.
Sources: (Deloitte)
If you want to benefit from XML employment expertise in Thailand, we invite you to fill the form below and we’ll get back to you shortly.
XML International, one of the best workforce solutions and employer of record services providers for Thailand, supports the set-up and the management of your international workforce for all your activities in Thailand. Our invaluable input consists of streamlining and handling for you the complete employment lifecycle of your teams in Japan. We give you all the keys to handle you staff in Bangkok or any city in Thailand. XML’s knowledge of Thai labour laws, tax and social security system, and employment regulations allows you to tackle the challenges of local compliance in Thailand, navigate all the local complexities and avoid pitfalls.
Among our top priorities, compliance with Thai employment regulations and labour laws is number one. In addition to talent acquisition, recruitment services, and workforce management, we also ensure that our clients’ workforce management in Thailand is aligned with Thai tax and social security rules and the latest immigration processes, including visas and work permits.
Here is the list of our core services supporting your activities in Thailand.
• GEO Services for Thailand (PEO and EOR)
• Contingent Workforce Services for Thailand
Take advantage of the targeted outsourcing solutions proposed by XML International for your expansion in Thailand or for your employees already based there. We offer a comprehensive series of bespoke and scalable outsourcing solutions specially designed for the Thai market.
They range from professional employer organization employment (PEO), employer of record, and contingent workforce employment services, to help you grow effortlessly and successfully in Thailand without any complications. We can also help you source, recruit, and onboard new team members locally, even if you don’t have an office in Thailand.
XML provides you with everything you need to start doing business in Thailand or to optimize your business if you are already operating there, leading to significant bottom-line savings and getting your business activities up and running in just days. Get in touch with the XML team to learn how we can boost your activities in Thailand in a cost-effective way.
Get started now and make the most of business in Thailand today!
XML has expertise and resources to meet your organization’s workforce needs wherever, and in whichever field these might be.