Salary & Work-life Balance: Let’s examine the two biggest talent drivers in Thailand
When it comes to choosing a career, candidates have clear preferences that guide their decisions. Our new interactive data tool: Talent Attraction Lab has collected data and insights from over 33,000 of local candidates across Asia Pacific to give you a comprehensive picture of what they want in their careers. Here’s a sneak peek at the top drivers of talent in Thailand:
Salary/Compensation
In Thailand, salary and compensation are the top priorities for candidates, with key sub-drivers including base salary or salary range, the frequency of salary reviews, and how salaries compare to market rates.
Gen-X, both junior and senior-level talent, as well as candidates who earn more than THB55,000 per month place a higher value on the salary review period than on the base salary or salary range.
Additionally, junior-level talent, as well as candidates who earn between THB13,000 to THB55,000 per month are more attracted to financial compensation for overtime.
Is Salary/Compensation the number 1 driver of your industry too?
Work/Life Balance
Work-life balance ranks second in importance, with sub-drivers such as time in lieu (compensation for overtime or working on public holidays such as Replacement leave, set number of hours off), regular daytime working hours, and additional leave.
Mid-level talent and candidates earning more than THB55,000 per month are more attracted by additional leave compared to regular daytime working hours. Mid-level talent also highly value the option to work from home or remotely.
Conclusion
Salary / compensation, along with work-life balance, are critical factors for candidates in Thailand. Understanding these preferences can help employers tailor their offerings to attract, develop and retain top talent.
But these are just two of the many various drivers of talent in Thailand. To learn and understand more about how you can enhance your recruitment, development and retention strategy to meet the myriad needs of today's jobseekers in your industry across Thailand or Asia Pacific, visit Talent Attraction Lab now.