Real wages from “Thailand” this year are expected to be negative 2.8%, but next year will recover 2.2%, while Mercer is positive 4.5% with bonuses 1.3-2.5 months.
At the end of the year like this We often see the news “Pay rise survey” They often ask large company employers how much they will raise their salary this year. and how much next year to use as a reference to measure employment conditions that are Is the private sector still going strong?
Because if there is no sign to raise the salary / less progress When is it wide at the same time? It can be considered an advance sign of “Falling” In the next step, you can wait.
As for this year, 2022 and the next year 2023, it is still quite easy to understand that Even if we start to hear the word “Economic recessionin the European countries and the United States But this is not the main risk affecting our homes at the moment.
On the contrary, the scarier thing is “inflation” which erodes our wages Get rid of the cost of food, gas, travel, house rent, and all kinds of “more expensive” expenses. Therefore, when surveying the private sector wage increase Therefore, we should measure the increase from “Real wage” (Real wage), which has already removed the basic factor of inflation.
less inflation The real wage in Thailand is “negative”.
Labor consultancy ECA International (ECA) has released its survey of real wage rises around the world. In 2022, 78% of the countries surveyed will have a “decline” in real wages, and by 2023 only 37% of countries worldwide will have a real increase in wages.
And it is interesting that in 2022 in the 10 Asia-Pacific countries with the most real wage increases “Thailand” Ours is in 10th place and is the only country with a “negative” real wage growth rate of -1.8%. Compared to number 1 “China” which increased by 3.7%, or second place. “Vietnam” at 3.2% positive and “India” 3rd, plus 2.1%
However, the survey revealed that Thailand’s situation will start to improve next year 2023 as the real wage growth rate is expected to increase by +2.2%, which is the 4th highest in the table, behind India, Vietnam and China in lonely
The survey of more than 360 multinational companies in 68 countries and territories also found that the region most likely to be hit hardest is Europe, as average real wages are likely to fall by 5.9 per cent this year and fall by 1.5% another next year, under guidanceUnited Kingdom (UK) Real wages for this year have fallen by 5.6% and 4% next year due to the impact of high inflation of 9.1%.
the inner partUnited States It will fall by 4.5% this year, before rising slightly by 1% next year as US inflation is expected to decline. This is because several rounds of interest rate increases this year will begin to see results next year.
Mercer Bonne Plus Thailand is expected to increase wages by 4.5% next year.
But on the Mercer survey side. The 2022 Total Remuneration Surveys (TRS) of 636 organizations in 15 industries in Thailand between April-June 2022 predicted the The rate of remuneration in 2023 in Thailand will increase by 4.5%.
Mercer said the rate of increase is close to the actual rate this year. Amid inflation, energy prices and oil prices rose. This is a result of better economic growth and the general situation returning to the level before the epidemic crisis.
However, the median rate of compensation has increased in the Asia region. This reflects the growth in wages in the labor market in emerging and developing economies, led by “Vietnam” It is expected that compensation will increase by 7.1% while “Japan” will be the smallest increase in the region, which is 2.2%.
Bonus forecast 1.3-2.5 months
In addition, there are also the results of the survey The bonus payment is predicted to be 1.3-2.5 months, with the highest bonus being paid at 2.4 months by the pharmaceutical industry. and medical equipment which is a business that is growing well during covid-19
Regarding the policy to adjust the workforce rate in 2023, the survey results indicated that More than half (53%) of the Thai companies in the survey do not have a policy to change their workforce framework, and one in every five, or around 22% of the employers surveyed, plan to increase their workforce. while only 4% said they would cut staff.
Employee resignation after 2022 is expected to rise to pre-epidemic levels. which has a turnover rate of more than 11.9% and businesses linked to the consumer goods industry The pharmaceutical and medical device industry will have the largest number of employees leaving.
It is also expected that in the years 65-66 Thai businesses will be in an extremely competitive period. There is competition for personnel. In addition, the personnel also want to change. from being treated during COVID-19 But when the situation improves, they are ready to change jobs that lead to a better quality of life.
