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Japan firms in Thailand plan average 4% wage hike

News Summed Up 2020-01-15 05:30:00

Japan firms in Thailand plan average 4% wage hikeJapanese automotive firms in Thailand plan to offer a 3.9% wage hike this year, according to a survey. (Photo from Mazda Motor Corporation photo)Japanese firms operating in Thailand are planning to offer an average 4% wage hike this year, down 0.2 percentage point from the previous year's actual rate, an annual NNA survey showed. Of 477 respondents, 381, or 79.9%, said they plan to raise salaries. Planned bonuses averaged 2.9 months' worth of salary, according to the survey conducted from August to September. More than half of the responding firms said they plan to implement wage hikes either in April or January, with the size of increases depending on factors such as employee performance, attendance and the rate of inflation.