Hire and Pay remote talent in 150+ countries with Skuad's global HR platform. Request a demo

back-arrow

Back to Hiring

Hire in Thailand

Hire in Thailand

Thailand is an excellent nation to relocate for professionals as the country enjoys a robust economy and has an unemployment rate of only around 1.5 percent in 2020. Thailand generates the majority of its income from exports of goods and tourism-related activities. It acts as an anchor economy for the developing nations in its neighborhood. The labor sector of Thailand is very robust. Companies in Thailand are always looking for skilled individuals worldwide to help with the expansion of their operations. The quality of life in Thailand might not be as good as other large economic nations such as the USA and the UK. Still, it does offer a comfortable lifestyle for professionals at affordable prices.

Overview of Thailand

Thailand has seen a growth of around 3.9 percent on an average in its GDP during the last few years. It is a country that gains a majority of its income from exporting goods such as cars, electrical appliances, textiles, fish and fish products, jewelry, computers, rice, footwear, and rubber. It is the second-largest economy in the region of southeast Asia.

Total population – 69,950,850

GDP – US US $536.841 billion (16.80 billion THB)

Economic Overview

Thailand has an export-driven economy as exports make up to 2/3rd of the total GDP of the nation. The PPP GDP of 2021 is estimated to be around US $1,340 billion (41.94 billion THB), with the per capita income resulting from being around US US $19,169 (600.01 THB). But the nominal GDP of Thailand is US US $536.841 billion (16.80 billion THB), and thus the per capita income is US US $7,674 (240.20 THB).

Market size

Thailand has a large export market accounting for a revenue of around US US $105 billion (3.29 billion THB) every year. Apart from export, the market of Thailand has a hold on manufacturing, technology, agriculture, tourism, energy, etc. It has trade relations with many nations in Asia, Europe, Africa, North America, and South America.

A brief glimpse of the industries

  • In Thailand, the tourism sector is well established. The lockdown of 2020 due to COVID-19 has acted as a damper for this sector. But before that, the tourism sector used to contribute around 6 percent to the total economy of Thailand. But when the indirect effects are considered, the tourism sector’s contribution accounts for up to 20.2 percent of the total economy.
  • Agriculture has been practiced in Thailand for over a century. The majority of the employment opportunities in Thailand are available in the agriculture sector. According to the latest records, 49 percent of the total laborers in Thailand are engaged in the agricultural sector.
  • Thailand is well equipped for generating energy from natural gas, coal-fired power plants, biomass, hydrocarbons, and biogas. This nation has large reserves of natural gas. The majority of the produced energy is exported to different countries. This large-scale sector generates numerous employment opportunities.

Cost of living in Thailand

Thailand is a beautiful nation to relocate to for its low cost of living and amazing local cuisine. Thailand offers a good quality of life for expats from around the world. In the past few years, the cost of living in Thailand has increased due to the ongoing migration of individuals worldwide in search of job opportunities.

Category Area of expense Estimated cost Range
Utilities Electricity, Water, Heating, Internet services, Prepaid mobile tariff US $93.05 (2,972.78 THB) US $56.61 to US $164.42 (1,808.69 THB to 5,253 THB)
Rental rates

Apartment (1 room) in city and outside city,

Apartment (2-3 rooms) In the city and outside the city.

US $330.66 (10,564.01 THB)

US $824.57 (26,343.29 THB)

US $125.20 to US $751.22 (4,000 THB to 24,000 THB)

US $313.01 to US $2347.57 (10,000 THB to 75,000 THB)

Transportation Cost One way ticket local transport, Taxi tariff, Gasoline. US $37.56 (1,200 THB) US $25.04 to US $62.60 (800 THB to 2,000 THB)
Food and Beverage Grocery, Vegetables, Meat and Poultry US $292.73 (9,352 THB) US $250.41 to US $469.51 (8,000 THB to 15,000 THB)
Salaries and Financing

Average monthly net salary

Interest rates

US $ (593.97THB)

5.30%

US $469.51 to US $3130.09 (15,000 THB to 100,000 THB) 3.00 to 7.50%

Cost of Renting

The cost of renting in Thailand is subject to location, amenities, area, etc. On average, a rental apartment for an individual costs US $330.66. It is cheaper to live in Thailand than in most other countries in Asia.

Cost of living depending upon your location

The cost of living varies as per the location and amenities. Depending on which tier your city belongs to, the cost of living for that city changes. The cost of living in Tier 1 cities is the highest, while tier 3 cities are more affordable.

  • Tier 1 cities are the major metropolitan cities of the nation, such as Bangkok, Nonthaburi, Nakhon Ratchasima, etc. 
  • Tier 2 cities are the developing cities of the nation, such as Pattaya, Yala, Ban Mai, etc. 
  • Tier 3 cities are the underdeveloped cities that have the potential for development, such as Bang Per, Na Klang, Yaring, etc.

The following table lists a few major cities and the cost of living in those cities –

Cities Cost of living Cost of living
Bangkok 20,537.24 THB US $642.83
Chiang Mai 17,859.19 THB US $559.01
Nonthaburi 19,866 THB US $621.82

The 2021 analysis for sectors that are expecting to hire in Thailand –

S/No. Top Industries looking to hire
1 Schools (Teaching)
2 Real estate
3 Development workers
4 Management
5 Information Technology
6 Healthcare
7 Manufacturing
8 Transportation
9 Textile
10 Engineering

Top skills in Thailand

Thailand is always looking out for skilled and talented individuals. One will notice that the employee in Thailand lacks certain soft skills such as constructive criticism. That is why the market of Thailand is constantly on the lookout for all-rounded and skilled individuals.

Major skills and areas which have witnessed a recent growth rate

  • Teaching
  • Driving
  • Content creation
  • Public relations
  • Coding

Hiring Cost

The hiring cost is a very important factor for any employing sector. The recruitment process requires allocation of the money for the below factors –

  • Interview process
  • Shortlisting process
  • Orientation and onboarding
  • Time required

Salary structure for various roles

In the following table average annual salaries of different sectors in Thailand, according to the latest information, have been stated –

Business Sector Average Annual Salary
Education and Training US $38,669.72 (1,236,000 THB)
Wholesale Trade US $39,796.02 (1,272,000 THB)
Transport, Postal, Warehousing US $12,389.33 (396,000 THB)
Accommodation, Cafes and Restaurants US $24,253.05 (775,200 THB)
Retail Trade US $39,796.02 (1,272,000 THB)
Other Services US $8,676.66 (277,332 THB)
Professional, Scientific and Technical Services US $48,806.44 (1,560,000 THB)
Financial and Insurance Services US $15,069.55 (481,668 THB)
Information Media and Telecommunications US $20,498.71 (655,200 THB)
Construction US $10,728.94 (342,929 THB)
Manufacturing US $24,853.74 (794,400 THB)
Rental, Hiring and Real Estate Services US $16,400.47 (524,208 THB)
Arts and Recreation Services US $11,621.00 (371,442 THB)
Electricity, Gas, Water and Waste Services US $13,679.54 (437,239 THB)

Employment laws in Thailand

The employment laws in Thailand are based on the Labour Protection Act BE 2541 passed in 1998. This act thoroughly covers most aspects of possible scenarios in employment. Following are some of the factors stated in the act –

  • Minimum wages per day
  • Working hours
  • Leave
  • Termination of employment
  • Employment of Women and young workers

The employer-employee relationships and other employment-based relationships in Thailand are governed by the laws laid out by the –

  • Ministry
  • National Executive Council
  • The Contract of Employment

Conclusion: How Can Skuad Help You with Hiring in Thailand?

Government guidelines heavily regulate the hiring process in Thailand. As such, you will end up spending considerable resources and time on recruitments, whereas the same resources and time should have been spent on more productive avenues. Skuad’s unified employment solution is fully equipped to streamline all your recruitment methodologies for best results with just one click. Connect with Skuad to know more.

Start hiring for free today

Your next hire could be anywhere. Get your first hire for free in the first year when you partner with Skuad