March 5, 2009
Bangkok (ASTV Manager Online) – It was expected that most Thai companies (37%) would not consider their employees’ salary increment this year, according to a survey.
Two percent of employees would face salary cuts, according to Grant Thornton (Thailand).
19 percent of executives were not confident and would evaluate the economic situation before making a decision.
Nevertheless, the situation was not that bad in Thailand. The percentage of no salary increase was up to 72 percent in Taiwan.
There was an exception for Australia and Vietnam where people mostly expected pay increment this year.
It was forecast that up to 1.5 million people might be unemployed as many parties expressed concerns. It is possible that these people would go back to countryside to do farming.
About one-fourths of worldwide employees would experience bad time as 21 percent of companies planned no pay rise this year, according to a global survey.
3 percent even planned to cut employees’ salaries.
Only 10 percent would consider pay increase. The increment would be at the same or higher rate of inflation.
