Approved minimum wage increase in ThailandComments Off on Approved minimum wage increase in Thailand
The wages council agreed to set a new minimum wage, which came into effect from April 1, 2018. The wage adjustment in 2018 is divided into 7 levels as follows;
Mr. Chakkarin, Permanent Secretary of Ministry of Labour, also made three additional proposals as follows;
- Businesses with more than 50 employees must fix employees’ salary structure and guarantee that the wage will be raised every year.
- The floating salary rates must be fixed as per the needs of operators in the area. There will be a pilot project in the Eastern Seaboard Economic Zone or EEC which are Chonburi, Rayong and Chachoengsao. This is designed to facilitate workplaces investing in skilled workers.
- Prescription of tax incentives for operators who will have incur a higher cost of hiring labor. The rate that can be deducted from tax is 1.5 times
These mentioned proposals must also be re-examined by the new Wages Council.
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