Thai Compensation Insights: Fair Pay vs Employee Satisfaction

Thansettakij•Economy•1d ago

Reader Briefing

The Salary Pulse Report Thailand by Jobsdb by SEEK reveals that fair compensation does not guarantee employee satisfaction or retention.

•83% of Thai workers feel their compensation is fair compared to their workload, but only 50% are satisfied with their current salary level.
•Employees dissatisfied with compensation are 2.2 times more likely to seek new job opportunities.
•Only 4% of Thai workers are willing to endure a toxic corporate culture for higher pay.
•Gen Z employees are the group most likely to initiate conversations and negotiate their compensation.

•83% of Thai workers perceive their pay as fair relative to their work, while only 50% are actually satisfied with their salary level.
•Employees dissatisfied with their pay are 2.2 times more likely to look for new jobs, whereas satisfied employees are 2.8 times more likely to dedicate their full potential to the organization.
•Thai workers are most willing to accept after-hours work contacts in exchange for a 10% increase in income.
•Only 4% of Thai workers would accept a toxic corporate culture for increased income, indicating that mental well-being and culture are critical factors.
•86% of Thai workers who initiated salary negotiations received a positive result in the form of a salary adjustment.
•Gen Z workers exhibit the highest tendency to negotiate compensation due to a preference for transparency and openness.
•Duangporn Promon, Managing Director of Jobsdb by SEEK Thailand, states that employee satisfaction requires understanding employee values and goals beyond salary numbers.
•Jobsdb by SEEK developed the Salary Pulse Report Thailand to provide HR and entrepreneurs with average salary data for 20 popular positions and insights into worker attitudes.

Full article content is available on the original source.

Jobsdb by SEEK

The organization that produced the Salary Pulse Report Thailand.

Duangporn Promon(ดวงพร พรหมอ่อน)

Managing Director of Jobsdb by SEEK Thailand.

Thailand(ประเทศไทย)ℹ️

The country where the labor market and employees mentioned in the report are located.