In Southeast Asia, Thailand is the second-largest economy, and it is a good place for outsourcing as it is competitive in terms of salaries compared with some other countries.
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The average salary in Thailand is 97,300 THB per month which is equivalent to 2705.78 USD.
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In this article, we explore the average salary in Thailand, minimum wages, and various factors that influence salaries in Thailand.
Table of Contents
Average Salary in Thailand
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According to the National Statistical Office of Thailand, the average salary in Thailand is 29,502 THB in the first 6 months of 2023 which is equivalent to 820.41 USD.
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The average monthly salary in Thailand is 97,300 THB which is equivalent to 2705.78 USD.
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The average annual salary in Thailand is 1,170,000 THB which is equivalent to 32536.16 USD according to Salary Explorer.
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Minimum Wage in Thailand
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According to the Department of Labor Protection and Welfare, the minimum wage in Thailand is 24,485 THB which is equivalent to 680.90 USD.
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This minimum wage is a basic level of what workers deserve to be paid for their jobs. It’s important as it ensures that everybody is treated fairly and the economy is strong and stable.
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Median Salary
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The median salary in Thailand is 88,900 THB which is equivalent to 2472.19 USD.
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The median salary implies that Thailand has more than half of the workforce on the high end with over the stated amount and the other half on the lower end having less than the stated amount. The median salary is valuable because it reflects the middle point between each salary in the country. It helps us to have an idea about how many people are getting paid and how strongly or weakly the economy is.
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Maximum Salary
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According to the Salary Explorer, the maximum salary in Thailand is 433,000 THB which is equivalent to 12041.16 USD.
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This is the maximum amount of salary a person can receive in Thailand. It shows the highest amount of money people can make in the country as well, at the same time, brings us the knowledge of the best earning opportunities in the country.
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How does education level impact salary averages in Thailand?
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It was an interesting question for us to answer, whether education plays a role in money-making or not. And so, we compared the salaries of diverse workers in Thailand who had different levels of education but the same job. Here’s what we found:
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- Students who completed a certificate or diploma earned on average 17% more than those who only finished high school.
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- If you had a Bachelor’s Degree, you could earn 24% more than someone with just a certificate or diploma.
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- Individuals with a Master’s Degree earned approximately 29% more than those with a Bachelor’s Degree.
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- Ultimately, if you had a PhD, you probably got 23% more than someone with a Master’s degree even if you were doing the same job.
Thus, it is obvious that Thai people can earn more money through education.
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Primary Industries Driving Salary Trends in Thailand
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In the Thai economy, a variety of jobs support the country’s economic development and decide how much money the people will get. Since both job seekers and employers need to know where the most influential industry is to the extent of how people get paid, those two should be aware of that. Here is the list of average salary comparisons for some primary industries in Thailand:
| Industry | Average Monthly Salary in (THB) | Average Yearly Salary in (THB) |
|---|---|---|
| Information Technology 99,900 1,200,000 | 99,900 | 1,200,000 |
| Engineering | 82,200 | 986,000 |
| Health and Medical | 239,000 | 2,868,000 |
| Teaching | 80,500 | 966,000 |
| Real Estate | 107,000 | 1,280,000 |
| Automotive | 72,500 | 870,000 |
| Airlines | 95,800 | 1,150,000 |
| Hospitality/ Tourism | 66,700 | 801,000 |
Source:Â Salary Explorer
Is Thailand a Good Destination for Outsourcing?
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Are you thinking about bringing outside help to your business?
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Thailand is a country that might be worth taking a further look into. It combines into a complex of the factors, which makes it the right place for remote jobs.
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Thailand has a culture that fits in with many other countries around the world, its people know a lot about different industries like information technology and manufacturing, and it has good roads and new technologies.
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 Let’s consider the reasons why Thailand is great for outsourcing and how it can be a helpful tool for working more efficiently and growing.
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Cultural Compatibility and Time Zone
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Thailand’s culture matches well with Western countries for work, communication, and business practices. This helps partners work together smoothly.
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Thailand’s time zone is close to many Western countries, reducing delays in communication.
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Industry Expertise and Specialization
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Thailand is capable of doing many different jobs for other companies, such as IT services, BPO, manufacturing things in factories, healthcare-related work, and serving tourists.
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Since Thailand is good at these tasks, it is not difficult for companies to identify the right collaborators who have the exact skills required to complete the job. In this way, the quality is maintained and the value of the work is enhanced, too.
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Quality Infrastructure and Technological Advancements
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Roads, phones, and electricity in Thailand are really good, that’s why businesses in Thailand can easily share information and talk to each other. This gives a chance to companies that are located in different places to be able to work together.
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Moreover, Thailand is always upgrading its technology, for instance, bringing better internet and places for new ideas. This makes it an even better country for companies to join forces and find new pathways.
Maximizing Outsourcing Efficiency with Employee Productivity Software
Are you considering hiring specialists in Thailand for your project?
Time Champ software helps you outsource when consequently you get more things done. Let’s explore this together and discuss how this software could make Thai partners work more effectively.
Employee Productivity Monitoring
Time Champ helps you keep an eye on how well your remote team is doing their work, making sure they finish tasks on time, even if they’re in different time zones. This way, you always know what’s going on with your team and can make sure everyone stays on track.
Project Management
Time Champ gives you an efficient method of managing projects you have outsourced by simply setting goals, allocating tasks, and observing the process in detail. Hence, teamwork between us and our Thai partners is easy and smooth because every task is done on time.
Task Tracking and Project Insights
With Time Champ, you will be able to monitor your project’s performance and how the tasks are going with the help of colourful graphics and reports that are easy to understand. This helps you see where there might be the problem of things being slow, you can track the time spent on different tasks, and you will find methods of doing the work faster and better.
Apps & Website Usage Monitoring
You would have the peace of mind that your outsourcing partners are focused on key tasks by knowing the apps and sites they use while working on the project with Time Champ. This way, you will be able to identify all possible distractions and ensure that everyone is concentrated on the task rather than on the external factors.
Conclusion and Final Thoughts
In summary, seeing how much people earn in Thailand shows the underlying ecosystem of the economy and the areas where workers are hired. Through an analysis of paying patterns over time, we can spot whether they are climbing or falling in different positions and sectors.
In the fast-changing job market, it is a necessity to use such tools as Time Champ Employee Productivity software. It is a tool that is used to monitor if the team is working well, to organize projects, as well as to make things run smoothly. Businesses can work smarter thanks to Time Champ and be able to do better in the Thai economy which is quick-moving.
Ready to raise your productivity? Schedule a free demo of Time Champ today to see the difference it can make!
Also Read
What is the Average Salary in South Africa? Outsourcing Trends
Maximizing Productivity: Effective Tips and Tools for Remote Teams
FAQ’s
The average monthly salary in Thailand is about 97,300 THB which is approximately USD 2705.78. Here is the data that shows the typical earnings across industries and different job roles within the country which in turn gives a picture of the economy and cost of living.
According to the Department of Labor Protection and Welfare, the minimum wage in Thailand is 24,485 THB per month which is equivalent to 680.90 USD. This minimum wage plays the role of a foundation for paying a fair wage to workers and for the economic stability of the country.
Thailand is referred to as an excellent destination for outsourcing because of its cultural compatibility with Western countries, industry expertise and specialization, high-quality infrastructure, and recent technological advancements. Moreover, the nation provides low-cost solutions and access to a pool of skilled workers, which is another reason why it is a preferred choice for companies looking to outsource different services.
The cost-effectiveness, skillful workforce, cultural harmony, and open space for business expansion are some of the benefits of outsourcing business to Thailand. Other than that, Thailand is a country with a wide range of talents, knowledge, and experiences that businesses can utilize and benefit from the welcoming business environment that the Thai government provides for outsourcing activities.
The use of employee productivity software such as Time Champ, can be used to keep the efficiency of outsourcing in Thailand at a maximum level by helping in monitoring productivity, project management, task tracking, and project insights. Through the employment of such tools, companies will find an opportunity to simplify their externalizing processes, improve their interaction with Thai partners, and improve the effectiveness of project implementation.