Salaries in Thailand are expected to increase by 5.8% this year. The figure will overtake the inflation rate of 3.2% due to the tight labor market and 1% unemployment rate, Towers Watson, a global professional-services company, revealed.
Towers Watson Managing Director Pichpajee Saichuae said that although Thai salaries have increased by 0.8% since last year, Thailand is still facing intense pressure from the job market.
Pichpajee added that low employment is a big sign of economic activity, which reflects high demand for goods and services. However, it is also a sign of a lack of human resources, which can cause negative effects in the long run, the Nation reported.
