Payroll in Thailand

Wages

Minimum wage rates in Thailand vary by province, ranging from 337 THB to 400 THB.

Certain sectors may have specific wage benchmarks that differ slightly from provincial standards. These benchmarks are established to ensure fair compensation across various industries.

Salaries

The overall annual average salary in Thailand is approximately 540,000 THB per year, with monthly earnings varying significantly by position, experience, and region. The median monthly salary is estimated to be around 45,000 THB.

By gender, a wage gap exists with average annual salaries for men typically exceeding those for women. Efforts to reduce this disparity continue through targeted government initiatives and policy reforms.

Salaries by location in Thailand

Bangkok: Known for offering salaries above the national average, particularly in sectors such as finance, technology, and healthcare.

Chiang Mai: Offers competitive compensation in industries like tourism, education, and trade, with wages generally reflecting the cost of living.

Payroll frequency

In Thailand, employees are typically paid on a monthly basis, with salaries disbursed on a fixed, predetermined date specified in the employment contract or workplace regulations. Thai labor law mandates that remuneration must be paid at least once a month, ensuring regular income for employees.

In addition to regular monthly wages, employees may receive additional compensation such as annual bonuses or incentives. These payments are often stipulated in collective bargaining agreements or internal company policies and are disbursed according to the terms outlined therein. Employers are required to adhere to the agreed-upon schedules for these payments to maintain compliance with labor regulations.