Connect with us

Business

Incomes on the rise for Thai expats

Published

 on 

Thaiger deals Thaiger deals

“The Thai economy has continued to see an upward trend in recent years, with a steady and sustained increase in overseas business…”

The pay and benefits packages of expats in Thailand has seen a major increase, with the overall package of an average overseas worker increasing by US$27,917, according to a new survey.

Lee Quane of ECA International said the MyExpatriate Market Pay report reflected Thai economic growth.

“The Thai economy has continued to see an upward trend in recent years, with a steady and sustained increase in overseas business, and consequently expatriate workers, to the nation.”

“In the strengthened demand for expatriate-standard accommodation has, in turn, resulted in higher wages and benefits as increasing numbers of higher-skilled employees move to Thailand.”

Elsewhere in Asia, expatriate pay packages in Singapore rose by US$13,163 in 2018 to US$236,258, including an average cash salary of US$90,170.

When considering the cost of an expatriate package, companies need to factor in three main elements: the cash salary, benefits – such as accommodation, international schools, utilities or cars – and tax.

To assist companies relocating staff with benchmarking their packages against the market, ECA conducts its annual MyExpatriate Market Pay Survey of pay levels for expatriates, including benefits, allowances, salary calculation methods and tax treatment.

Meanwhile, Japan is no longer the most expensive location in the world to send expatriates, after being overtaken in the rankings by the UK.

“Despite an increase of over US$30,000 to the average expatriate pay package from 2017, Japan has dropped back into second place in our rankings after overtaking the UK in 2017. Although sending a mid-level overseas employee to Japan would now amount to US$386,451, the cost is still US$35,347 behind the total cost of sending an expatriate to the UK.

“Although the overall cost of the pay package for an expatriate in Japan increased by an average of 8.5 per cent in 2018, Japan would most likely have remained at the top of the rankings if not for the significant rise in accommodation costs in the UK last year,” added Quane.

The pay and benefits package of an expatriate living and working in China saw a significant rebound last year, after falling in 2017. The average package is now valued at US$310,204 – an increase of over US$33,000. This pushes China up one place in the rankings to the third position.

Quane said: “Expatriates in China have seen a big jump after a bad year in 2017, which saw the value of the average package drop in all areas. The Chinese yuan experienced a better year in 2018 due to a stronger economy and currency, and has resulted in a considerable improvement in the pay package for overseas workers in China.”

Incomes on the rise for Thai expats | News by Thaiger

SOURCE: The Nation

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

The Thaiger is Thailand's largest online portal for news, videos and information.

Follow Thaiger by email:

Thailand12 hours ago

Man arrested for spycam porn, 39 videos feature Thai stars

Thailand12 hours ago

Is poor English proficiency holding Thailand back?

Thailand12 hours ago

Shopee stops all bank payments after hackers steal from customer in Thailand

Sponsored20 hours ago

Challenges of starting a business in Thailand as a foreigner

Thailand12 hours ago

Thailand News Today | CAAT warns Thai VietJet for canceling three Phuket

Crime13 hours ago

Cat killer feels no guilt over sadistic act

Koh Samui13 hours ago

Koh Samui’s Moving Market – a hidden local treat

Join the conversation on the Thaiger Talk forums today!
Visa13 hours ago

Thailand’s 10 year LTR visa most popular among Americans and Chinese

Politics14 hours ago

Thailand PM wants to groom successor in two years

Bangkok14 hours ago

VIDEO: Taxi meter rises suspiciously quickly in Bangkok, Thailand

Thailand15 hours ago

Man wins 144 million baht in Thailand’s lottery

Bangkok15 hours ago

Plumber murders and robs Thai woman in Bangkok

Drugs16 hours ago

Man returns for bag with meth pills he left at restaurant

Transport16 hours ago

Porsche sales in Thailand roaring thanks to nation’s entrepreneurs

Visa16 hours ago

Overstay crackdown uses facial recognition tech

Thailand17 hours ago

Father dies trying to save son from teenage gang

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending