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SALARY GUIDETHAILAND
As a global leader in providing workforce solutions, Kelly Services, Inc. (Nasdaq: KELYA, KELB)
and its subsidiaries, offer a comprehensive array of outsourcing and consulting services as well as
world-class staffing on a temporary, temporary-to-hire and direct-hire basis. Kelly® directly employs
nearly 500,000 people around the world in addition to having a role in connecting thousands more
with work through its global network of talent suppliers and partners.
Kelly Services Thailand is an entity within the PERSOLKELLY company, a joint venture between
PERSOL Group, and Kelly Services, Inc., forming one of the largest recruitment companies in
Asia Pacific.
Headquartered in Singapore, PERSOLKELLY spans over 50 offices across 13 markets including:
Australia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore,
Taiwan, Thailand and Vietnam.
ABOUT KELLY SERVICES
Company Overview
Methodology: Salary figures included in the 2020 Thailand Salary Guide are derived by combining the expert market knowledge of senior recruitment professionals within the Kelly network, as well as the latest job placement data recorded on the Kelly database.
CONTENTS
4 Executive Overview
26FMCG, Retail & Services
30Information Technology
34Manufacturing
38Logistic
6Accounting & Finance
10Banking & Financial Services
14Chemical & Life Science
18Corporate Services
22Engineering
SALARIES
EXECUTIVE OVERVIEW
The Thai baht’s appreciation had weakened the competitiveness of local businesses, causing a fall in exports, along with a
reduced manufacturing output. In agriculture, the farming sector was affected by the baht’s growing strength, minimum wage increases and drought. These resulted in heavy job losses.
In the face of these external and domestic challenges, we look forward to a brighter economic outlook for Thailand in 2020. Economic recovery, while expected to be slow in 2020, remains resilient, with a growth forecast of 2.5-3%.1 It is forecast to be bolstered by investments in infrastructure projects, public consumption, and government stimulus measures in the coming year. Government investment, in particular, is expected to grow significantly by 6.9%.2
However, Thailand is in the grip of a talent shortage that threatens to weigh on its growth potential. In the World Talent Ranking 2019, Thailand has slipped to 43rd position out of 63 economies, with some of its peers in the region moving ahead in the rankings.3 The decline points to a clear and present need to scale up the country’s talent competitiveness.
Foreign companies have identified a skilled workforce as a critical requirement in investment decisions made in the country’s Eastern Economic Corridor project, which represents a THB 1.5 trillion investment in the next 5 years.4
With an aging population and low birth rate, fewer younger workers are able to participate in the workforce. Exacerbating these challenges is the issue of skills shortages; while demand for skilled workers exists, there are few viable talents to fill the gaps.
One part of the solution to this, which the government is making a push for, is educational reform. The education ministry has outlined plans to revamp the country’s vocational education sector and elevate it to international standards,
1 Bangkok Post
2 Bangkok Post
Ongoing global challenges, especially the ongoing trade war, caused a slump in Thai exports in 2019, triggering indirect effects on other domestic sectors of the economy.
2.5-3%Growth forecast
Government investment is
expected to grow by
6.9%
Boding positively for policy continuity, especially for economic policies, the new Thai government, elected in March 2019, retained several core members from the previous administration. Key economic reforms, together with the ongoing massive infrastructure projects nation-wide, are expected to continue into 2020.
Meanwhile, the rise of financial technologies, or fintech, may have considerable implications for Thailand’s long-term growth. The transformation of the country’s financial services sector is afoot, as commercial banks and start-ups parlay into the digital payment space. Having already made significant strides in expanding public access to financial services, we expect that the government will continue its active promotion of the fintech subsector and wider digital economy, making bigger strides towards Industry 4.0.
focusing on advanced technology sectors such as robotics, artificial intelligence (AI) and automation.
Enhancing the country’s attractiveness to skilled foreign talent is another area of focus. To reduce constraints faced by foreign investors, particularly in target industries, the country is extending its SMART Visa, which aims to attract highly skilled professionals, to grow its pool of foreign talents.
The last piece of the puzzle, and perhaps the most pressing need for Thailand today: companies must shift their attention to re-skilling their existing workforce with new skills, enabling workers to match up to the demands of Industry 4.0.
With these, Thailand will have the skilled workforce that it needs to maximise the country’s growth potential, moving into 2020 and beyond.
Our 2020 Salary Guide turns the spotlight on the latest employment trends and issues that are impacting and redefining Thailand’s industries and workforce. En route to Thailand 4.0, we hope that our guide will provide relevant insights and analysis to help shape your hiring and business strategies in the exciting year ahead.
The education ministry has outlined plans to focus on advanced technology sectors such as robotics, artificial intelligence (AI) and automation.
3 IMD World Competitiveness Center
4 Thai Examiner
54
ACCOUNTING & FINANCEAccounting is among the most sought after jobs in Thailand today. Yet, accountancy is perceived to be among the professions that run the highest risks of being supplanted by automation and technology in the next few decades.
The use of robotic process automation is already becoming more widespread among finance and accounting functions, as is the move towards online systems for accounting and taxation.
In truth, while technology will assume a greater role in accounting processes, the end result will not be the displacement of human accountants, but rather the augmentation of their technical capabilities.
The impact of an efficient finance and accounting department on a company’s bottom line cannot be overstated. Automation can replace rote and manual tasks and reduce errors, empowering accountants and freeing up their time for
strategic work. Increasingly, expectations will fall on accountants to learn how to harness technological tools to better analyse financial and accounting data, and make more insightful decisions.
In recent years, Thailand has also enjoyed a steady rise in merger & acquisition (M&A) activity that is expected to carry through to 2020. Outbound and inbound M&A deals should peak in 2020, in no small part due to movements in projects in the Eastern Economic Corridor (EEC) and Thailand’s growing attractiveness regionally and globally. As deal levels continue to increase, demand for accountancy professionals will remain strong.
However, several challenges may lie ahead for the profession as companies navigate
the increasingly complex nature of business transactions. Coming into play in 2020 are new accounting standards and principles that will impact how companies report finances. The onus falls on management and accounting departments to stay ahead of these changes to ensure that new regulations and standards are adhered to, managing and minimising risks for companies.
76
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
ACCOUNTING
Accounting Director Degree/Master >15 180,000 300,000
Accounting & Finance Manager Degree/Master >10 100,000 250,000
Accounting Manager Degree 10-15 80,000 200,000
Costing Manager Degree 10-15 60,000 120,000
Tax Manager Degree 8-15 80,000 169,000
Assistant Accounting Manager Degree 8-10 58,000 150,000
Senior Accountant Degree 5-7 55,000 80,000
Accountant Degree 1-5 25,000 50,000
Accounts Payable/Accounts Receivable Executive Degree 0-3 18,000 40,000
FINANCE
Chief Financial Officer Degree/Master 15-20 200,000 600,000
Finance Director Degree/Master 15-20 150,000 400,000
Finance Controller Degree 8-15 90,000 225,000
Finance Manager Degree 10-15 80,000 200,000
Assistant Finance Manager Degree 8-10 51,000 150,000
Senior Finance Officer Degree 5-7 55,000 80,000
Risk Management Manager Degree 8-15 85,000 180,000
Credit Control Manager Degree 10-15 56,000 112,000
Business Planning & Analysis Manager Degree 8-15 90,000 180,000
Financial Planning & Analyst Degree 5-10 56,000 90,000
Financial Analyst Degree/Master 0-5 23,000 70,000
Senior Budgeting Officer Degree 3-5 30,000 35,000
Budgeting Officer Degree 0-2 18,000 25,000
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
AUDIT & COMPLIANCE
Audit Director Degree/Master 12-15 150,000 450,000
Audit Manager Degree/Master 8-12 120,000 250,000
Compliance Manager Degree 8-15 85,000 130,000
Internal Audit Manager Degree 3-5 85,000 130,000
Auditor Degree 3-6 56,000 90,000
Junior Auditor Degree 0-3 25,000 55,000
ACCOUNTING & FINANCEACCOUNTING & FINANCE
The use of
robotic process automation
is already becoming more widespread among finance and
accounting functions
Demand for
accountancy professionals
will remain strong in 2020
Accountants are expected to harness
technological tools
to make more insightful decisions
98
BANKING & FINANCIAL SERVICES
customer insights, continued innovation and development, and even cross-collaborations with these fintech players, will be key focus areas for the financial services sector.
With the local digital economy forecast to be worth US$37 billion by 2025, much of its economic potential is still yet to be realised.1 Today, around 30% of households in Thailand remain unbanked.2 Achieving financial inclusion is an imperative under the Thailand 4.0 strategy, and various companies are already starting to seize new opportunities by tapping into unbanked and underbanked populations, especially through digital lending services.
We expect both banks and fintech players to accelerate their digital drive and continue leveraging technology to improve existing
banking processes and close the financial access gap.
Thailand’s wealth management market is today considered among the most dynamic in Southeast Asia. As the country turns into a hotspot for high net worth individuals (HNWIs) and foreign investors, the growth of private banking is at a high. An estimated 80% of high net worth wealth currently lies with local banks, and the number of HNWIs is expected to rise by up to 30% year on year.3 Demand for wealth relationship managers in the private banking sphere is set to correspondingly increase. Banks in the country are doubling down on hiring wealth managers to cater to not only to rising demand for personal wealth management, but global investment strategies as well.
Despite a decelerating economy driven by the global slowdown, Thailand’s banking sector has proved largely resilient thanks to the country’s stable financial systems. Although bank loan growth has declined, profits on the whole are on an uptrend, and many banks are further taking precautions through new reserves to guard against economic uncertainties.
Last year, the merger between TMB Bank and Thanachart Bank (TBank) marked the largest deal in Thailand’s banking industry. Encouraged by government efforts and incentives, consolidation among domestic banks will remain on the cards in 2020. Consolidation is expected to improve operational efficiencies and reinforce local banks’ competitive edge amid intensifying competition from regional players.
While banks continue to display an openness to merger, the smaller and medium-sized players are likelier targets. Larger banks have instead made digital transformation their top priority in their drive for profitability and efficiency, including the adoption of artificial intelligence (AI), automation and robotics to replace repetitive tasks.
As it has with many other industries, Thailand’s digital agenda has pervaded the wider banking sector and is redefining the financial services landscape. Among
the key developments of 2019 were the deployment of blockchain in cross-border transactions to improve trade efficiency and the launch of a blockchain community initiative for greater ease of doing business.
Investments in technology and digital transformation have also been made necessary as banks fend off competition from rising fintech start-ups. Moving into 2020, the utilisation of data and
1 Bangkok Post
2 Bangkok Post
3 International Investment
1110
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
FRONT OFFICE/SALES
AVP, Senior Project Management and Process Improvement Manager
Degree/Master >10 115,000 170,000
Senior Relationship Manager/Team Leader Degree 8-15 85,000 150,000
Business Relationship Manager Degree 5-8 50,000 100,000
Assistant General Manager (Sales & Admin) Degree 3-5 32,000 55,000
Sales Executive Degree 1-3 25,000 35,000
Relationship Manager (Wholesale & Commercial Banking)
Degree 3-5 35,000 55,000
Customer Service Degree 0-3 15,000 36,000
Bank Branch Teller Diploma/Degree 0-3 14,000 30,000
OTHER BANKING OPERATIONS
Vice President Degree/Master >10 160,000 320,000
Managing Director Degree/Master >10 140,000 265,000
Market Intelligence & Planning Manager Degree/Master 5-8 80,000 110,000
Market Analyst Planning Manager Degree 5-7 60,000 95,000
Senior Credit and Corporate Business Analyst Degree/Master >10 90,000 115,000
Trade Finance Specialist Degree 3-5 30,000 55,000
Investor Relations Division Degree/Master 5-7 68,000 105,000
Corporate Lending Manager Degree 2-5 34,000 75,000
Foreign Exchange Officer Degree 2-5 23,000 40,000
Corporate Action Proxy Staff Degree 1-3 23,000 46,000
Senior Business Analyst Degree 5-7 56,000 90,000
Credit Analyst Degree 3-5 30,000 60,000
Business Analyst Degree 2-5 40,000 68,000
Operations Staff Diploma/Degree 0-3 14,000 23,000
BANKING & FINANCIAL SERVICESBANKING & FINANCIAL SERVICES
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
INSURANCE / LEASING
Cash Management Manager Degree 5-7 70,000 100,000
Risk Management Manager Degree 5-7 70,000 100,000
Claims Management Manager Degree >5 50,000 80,000
Pricing Actuary Degree 3-5 50,000 70,000
Underwriter Degree 3-5 50,000 75,000
Wealth Relationship Manager Degree/Master >7 75,000 90,000
Financial Consultant Degree 3-5 30,000 75,000
Collection & Litigation Manager Degree >7 80,000 150,000
Collection Officer Degree 2-4 30,000 50,000
Sales Manager Degree 5-7 55,000 80,000
Sales Executive Degree 2-3 25,000 40,000
Larger banks have made digital
transformation their top priority in their drive for
profitability and efficiency
Thailand's digital economy is expected to reach
US$37 billion by 2025
Demand for wealth relationship
managers in the private banking sphere is set to correspondingly increase
1312
As a key player in the country’s push from research to commercialisation, the Thailand Center of Excellence for Life Sciences (TCELS) is undoubtedly central to the industry’s growth. Besides working with educational institutes, research organisations and companies, TCELS’ responsibilities run the gamut from supporting start-ups, facilitating acceleration and mentorship programs, and scaling up the country’s capabilities to an industrial scale.
Efforts are also underway to foster greater innovation and commercialisation in the biomedical and life sciences industries, with TCELS encouraging greater collaboration between different stakeholders across countries. Artificial intelligence (AI), big data and medical imaging are among the key areas of focus.
Another key player in the country’s sciences industry, the National Science and Technology Development Agency, is investing THB 3.4 billion in a pilot biorefinery in the Eastern Economic Corridor of Innovation (ECCi), billed as a first for Southeast Asia.1 The pilot plant will be vital to the development of biological technology in Thailand, supporting the creation of the country’s circular economy by converting waste into useful products.
Thailand was also among the region’s first to adopt agricultural biotechnology, and its efforts to advance agriculture are
beginning to bear fruit. To boost quantity and quality of food production, agricultural companies have introduced high-tech innovations that are fast becoming must-haves for local farmers.
After becoming the first in Asia to legalise cannabis for medical purposes in 2019, Thailand is moving forward with production and distribution of legal medical cannabis, while expanding the network of practitioners who can prescribe medical cannabis. While uncertainties linger around regulatory requirements, this development opens up new economic opportunities. Thailand is also pushing to expedite legal
changes to liberalise the nascent sector, and could soon emerge as a destination of choice for medical marijuana tourism.
Propelled by sustainability and energy security needs, the biofuel and biochemical industries are also bound for greater growth. With raw agricultural materials readily available within Thailand, both industries can be easily integrated into the nation’s pre-existing industries. Using available products from existing industries, for instance lactic acid from the ethanol production industry, current biofuel industries can produce second-generation biofuels and further pave the way for the development of third-generation biofuels.
MEDICAL PHARMA EQUIPMENT
Within the next five years, Thailand’s pharmaceutical industry is anticipated to grow by a compound annual growth rate (CAGR) of 7% and reach THB 275 billion
CHEMICAL & LIFE SCIENCE
by 2026, driven by both healthcare and pharmaceutical reforms.2 The industry is witnessing burgeoning demand for contract services, a boon for Thai pharmaceutical manufacturing players, as international corporations look to local partners to expedite access into regional markets.
In a bid to spur medical robotics production, Thailand’s Board of Investment is also offering new privileges to medical robotics companies specialised in manufacturing automation equipment.
Supported by government efforts to develop Thailand as a regional centre for medical devices, manufacturers may enjoy ongoing growth and continued profitability despite tighter competition. With increasing accessibility to public health services under the country’s universal healthcare scheme, manufacturers of generic medicines are also expected to benefit from a steady rise in income.
1 The Nation Thailand
2 Pharm Exec
1514
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
SALES & MARKETING (CHEMICAL)
Regional Sales Manager Degree/ Master >15 170,000 300,000
Country Sales Manager Degree/ Master >10 150,000 250,000
Upcountry Sales Manager Degree 5-10 60,000 80,000
Technical Sales Manager Degree 5-7 110,000 150,000
Technical Service Manager Degree 7-10 90,000 140,000
Sales Manager Degree 7-10 90,000 170,000
Sales Executive Degree 4-6 34,000 56,000
Sales Engineer Degree 3-5 34,000 56,000
Sales & Marketing Executive Degree 3-5 34,000 56,000
PLANT / PRODUCTION (CHEMICAL)
Plant Manager Degree >10 180,000 280,000
Production Manager Degree >8 150,000 200,000
HSE Manager Degree 8-10 90,000 160,000
Safety Officer Degree 2-3 20,000 45,000
Quality Manager Degree 8-10 75,000 160,000
QA/QC Engineer Degree 3-5 25,000 40,000
Lab Chemist Degree 2-3 35,000 50,000
Service Engineer Degree 0-2 25,000 35,000
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
LIFE SCIENCE/PHARMACEUTICAL/MEDICAL
Sales Director Degree/Master >10 150,000 280,000
Key Account Manager Degree 5-10 100,000 150,000
Area Sales Manager Degree 5-10 70,000 100,000
Medical Sales Representative Degree 0-5 25,000 65,000
Quality Assurance Manager Degree/Master >7 100,000 160,000
Medical Affairs Manager Degree/Master >10 140,000 300,000
R&D Manager Degree/Master >8 120,000 230,000
Head of Regulatory Affairs & Compliance Degree/Master >15 250,000 350,000
Regulatory Affairs Manager Degree/Master 5-10 70,000 150,000
Senior Supply Chain Manager Degree >10 200,000 250,000
Marketing Manager Degree 6-8 75,000 130,000
Product Manager Degree 8-10 100,000 150,000
Product Specialist Degree 5-8 50,000 70,000
Technical Service Manager Degree 7-10 90,000 160,000
Technical Service Specialist Degree 3-5 40,000 70,000
Clinical Research Manager Degree/Master >7 100,000 170,000
Senior Clinical Research Executive Degree 5-10 95,000 140,000
Clinical Research Associate Degree 2-5 65,000 80,000
Sales Administration Staff Degree 0-3 18,000 25,000
Stock Controller Degree 2-5 28,000 50,000
Customer Support Degree 1-3 28,000 35,000
Pharmacist Degree 3-5 35,000 70,000
Nurse Degree 3-8 50,000 75,000
CHEMICAL & LIFE SCIENCECHEMICAL & LIFE SCIENCE
THB 3.4 billion is invested in a pilot biorefinery
in the ECCi, which will be vital to the development of biological
technology in Thailand
Thailand’s pharmaceutical industry is anticipated to grow
by a CAGR of 7% and reach
THB 275 billion by 2026
Thailand is expanding the network of
practitioners who can prescribe medical cannabis
1716
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
ADMINISTRATION
Administrative/Office Manager Degree 7-10 60,000 90,000
Assistant Administrative Manager Degree 5-7 50,000 70,000
Office Admin Degree 0-3 18,000 40,000
Receptionist Diploma 0-2 18,000 35,000
HR
Chief Human Resources Officer Degree/Master >15 300,000 600,000
HR Director Degree/Master >10 200,000 400,000
HR & GA Manager Degree >10 80,000 160,000
Human Resource Manager Degree/Master 7-12 60,000 180,000
Assistant Human Resource Manager Degree 5-7 40,000 80,000
Human Resource Officer Degree 0-5 18,000 40,000
HR Business Partner Degree 5-7 60,000 150,000
HROD Manager Degree/Master 5-7 85,000 150,000
HRD Manager Degree/Master 5-7 85,000 150,000
Training/L&D Executive Degree 3-5 35,000 65,000
Compensation & Benefits Manager Degree/Master 5-7 60,000 150,000
HRIS Specialist Degree 3-5 40,000 70,000
Senior Payroll Officer Degree 3-5 30,000 50,000
Payroll Officer Degree 0-3 18,000 40,000
Talent Acquisition Manager Degree 5-7 60,000 150,000
Talent Acquisition Specialist Degree 2-5 30,000 55,000
CORPORATE SERVICES
CORPORATE SERVICES 1918
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
SECRETARIAL
Chief Executive Assistant Degree 7-10 75,000 120,000
Executive Assistant Degree 5-7 55,000 70,000
Executive Secretary Degree 0-5 21,000 50,000
Personal Secretary/Personal Assistant Degree 2-5 35,000 60,000
MARKETING
Chief Marketing Officer Degree/Master >10 150,000 400,000
Trade Marketing Manager Degree/Master >7 102,000 225,000
Marketing Manager Degree 8-15 90,000 225,000
Marketing Communication Manager Degree 8-15 85,000 202,000
Digital Marketing Manager Degree 5-10 85,000 200,000
Digital Marketing Executive Degree 3-5 35,000 80,000
Digital Media Buyer Degree 1-2 23,000 34,000
Senior Media Planner Degree 4-6 53,000 85,000
Media Planner Degree 1-2 27,000 42,000
SEO/SEM Specialist Degree 1-3 25,000 70,000
PR Manager Degree 8-15 85,000 200,000
PR Executive Degree 6-8 35,000 100,000
Brand/Product Manager Degree 5-15 60,000 160,000
Marketing Executive Degree 2-3 29,000 50,000
Marketing Communication Executive Degree 0-3 20,000 34,000
CORPORATE SERVICESCORPORATE SERVICES
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
LEGAL
General Counsel Degree/Master >10 150,000 350,000
Legal Manager Degree/Master 10-15 90,000 280,000
Assistant Legal Manager Degree 7-10 80,000 150,000
Senior Legal Executive Degree 5-7 45,000 60,000
Legal Executive Degree 3-5 30,000 50,000
Legal Assistant/Paralegal Degree 0-3 18,000 35,000
OTHER SUPPORT FUNCTIONS
Corporate Planning Specialist Degree 3-5 40,000 65,000
Purchasing Officer Degree 0-3 25,000 45,000
Interpreter Degree 1-5 29,000 90,000
Customer Service Officer Diploma 1-2 15,000 23,000
Call Center Officer Diploma 0-2 15,000 30,000
Data Entry Officer Diploma 0-3 12,000 20,000
2120
ENGINEERINGCONSTRUCTION
Driven by state efforts to develop transport and energy infrastructure, Thailand’s construction industry has returned to growth, and its renewed momentum is expected to carry over into 2020. By 2023, the industry’s overall output value is expected to rise to US$27.9 billion.1 Residential construction remains the largest market segment by far and is forecast to account for 40.3% of the market’s value in 2023.
While the industry outlook holds steady, growth is not without its challenges. An increased minimum wage will take effect in 2020, and construction firms are likely among the most significantly affected. Labour shortages also continue to plague the sector. The rail sector is experiencing a shortfall of around 100,000 skilled workers, which is likely to impact construction of new rail systems.2
However, with the Eastern Economic Corridor (EEC) and key connectivity projects between Thailand and China picking up pace, such as the Thailand-China cross border rail route, Thai and Chinese vocational schools are deepening their cooperation efforts. The sharing of advanced standards between the two countries and their cross-cultivation of talent in high tech areas such as artificial intelligence (AI) and mechatronics bodes positively for Thailand’s labour market.
With more cross-border and overseas projects underway, construction professionals with overseas exposure may
become more desirable to employers. Larger Thai construction companies are increasingly expanding overseas, with Cambodia, Laos and Myanmar being the markets of choice. Firms that undertake overseas work should be able to grow their earnings from residential, commercial, industrial as well as infrastructure projects. Domestically, large and mid-sized firms, particularly those that focus on mixed use real estate projects, can expect to enjoy steady growth.
CHEMICAL Among the most well-developed in the region, Thailand’s petrochemical industry will continue to benefit from the stability of crude oil and natural gas prices and experience steady growth from rising demand, both domestically and in exports.
However, Thai players are still exposed to potential risks. Companies may face challenges in securing access to feedstocks; limited natural gas reserves may force producers to look to imports, incurring higher costs and weakening margins. Major export markets such as China, Indonesia and Vietnam are also increasing their self-reliance on petrochemical production, which may force producers to adjust their strategies.
Faced with these challenges, petrochemical companies must pursue new overseas opportunities, such as joint partnerships with existing players and M&A to bolster their positions. Producers should also consider shifting from commodities to higher value production in order to boost their margins.
Under Thailand 4.0, biofuels and biochemicals have been identified as key growth drivers for the sector. Over the mid to long term, investments in this area are expected to expand; producers may switch to producing environmentally-friendly bio-plastics, leveraging the country’s robust domestic sources of organic products such as cassava, palm and sugarcane, which can potentially be used as alternative feedstocks.
OIL & GAS
Thailand has set its sights on becoming a regional trading centre for liquefied natural gas (LNG), capitalising on the global oversupply of LNG and low prices. As its own natural gas reserves dwindle, the country is looking to increase its LNG imports to meet robust domestic demand. To accelerate its rise to hub status, the country is liberalising its LNG trade and boosting investments in infrastructure.
With new domestic exploration making little headway, the government is steering Thailand away from its heavy reliance on natural gas in the longer term. A decade from now, renewables may expand to take up as much as 21% of the country’s energy mix, with this robust growth driven by the biomass and solar sectors.3 By 2037, under the Power Development Plan, the proportion of renewable energy could increase even further to 30% of the domestic power mix.4
Amid an uncertain global outlook for oil in 2020, the country’s largest oil conglomerate, PTTEP, is also starting to shift its focus towards increasing investments in electricity generation and renewables. Digital transformation is also in the works at the company; PTTEP is automating engineering processes, and employing machine learning, AI and analytics across the well lifecycle to raise productivity and optimise performance.
1 GlobalData
2 Bangkok Post
3 Singapore Business Review
4 Singapore Business Review
2322
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
CONSTRUCTION
Civil & Structural Manager Degree >8 70,000 125,000
Civil Engineer Degree 3-5 30,000 45,000
Architectural Manager Degree >7 60,000 125,000
Architect Degree 2-3 22,000 45,000
Architectural Coordinator Diploma/Degree 2-3 25,000 42,000
Draftsman (AutoCAD) Diploma/Degree 0-2 18,000 28,000
BIM Manager Degree >7 80,000 150,000
BIM Coordinator Degree 2-3 30,000 48,000
QA/QC Manager Degree >10 100,000 180,000
Quality Assurance Engineer Degree 2-3 25,000 40,000
Commercial Contract Manager Degree >7 70,000 150,000
Business Development Manager Degree 5-7 60,000 120,000
Procurement Manager Degree >7 70,000 120,000
Quantity Surveyor Manager Degree >5 50,000 85,000
Quantity Surveyor (M&E) Degree 3-5 30,000 40,000
Quantity Surveyor (CSA) Degree 2-3 28,000 35,000
Cost Estimator Degree 2-3 23,000 40,000
Land Surveyor Manager Degree >7 80,000 120,000
Land Surveyor Degree 2-3 28,000 48,000
Safety/HSE/EHS Manager Degree >8 90,000 150,000
Safety Engineer Degree 2-5 40,000 65,000
Commissioning Engineer Degree >4 30,000 50,000
M&E Manager Degree >5 50,000 125,000
Mechanical Engineer Degree 3-5 30,000 48,000
Piping Engineer Degree 3-5 40,000 70,000
Electrical Engineer Degree 3-5 30,000 48,000
Utilities Engineer Degree 3-5 30,000 48,000
Project Engineer (Multi-Disciplined) Degree 5-7 50,000 70,000
ENGINEERINGENGINEERING
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
OIL & GAS/PETROCHEMICAL
Business Head (Renewable Energy) Degree/Master >15 180,000 400,000
Project Director/Program Director Degree/Master >10 150,000 280,000
Project Sales & Business Development Manager Degree >10 100,000 150,000
Project Manager Degree >10 100,000 150,000
Project Control Manager Degree >10 100,000 150,000
Cost Controller Degree 3-5 40,000 55,000
Lead Estimator (Pipeline/Oil & Gas) Degree 5-7 50,000 70,000
Senior Estimator Degree 3-5 35,000 50,000
Estimator Degree 0-3 25,000 45,000
Buyer Degree 0-3 20,000 45,000
Expeditor Degree 0-3 20,000 45,000
Planner Degree 0-3 30,000 55,000
Senior Planning Engineer (Primavera) Degree >7 70,000 100,000
Senior Civil & Structural Engineer Degree >7 40,000 70,000
Civil & Structural CAD Designer Degree 5-7 25,000 40,000
Civil & Structural Engineer Degree 0-5 20,000 50,000
Senior Mechanical Engineer Degree >7 40,000 70,000
Mechanical Engineer Degree 0-5 18,000 50,000
Piping Superintendent Diploma/Degree 8-12 50,000 70,000
Senior Piping Engineer (Conceptual/FEED/Detailed)
Degree >7 40,000 70,000
Piping Design Engineer (Conceptual/FEED/Detailed)
Degree 5-7 30,000 55,000
Piping Engineer Degree 0-5 18,000 40,000
Senior Electrical Engineer (Conceptual/FEED/Detailed)
Degree >7 40,000 70,000
Electrical Design Engineer (Conceptual/FEED/Detailed)
Degree 5-7 30,000 55,000
Electrical Engineer Degree 0-5 18,000 40,000
E&I Automation Engineer Degree 0-5 18,000 40,000
Senior Instrument Engineer Degree >7 75,000 90,000
Instrument Engineer Degree 5-7 55,000 75,000
Senior Process Engineer Degree >7 40,000 70,000
Process Engineer Degree 0-5 18,000 50,000
Asset Integrity Engineer Degree 3-5 30,000 50,000
Field Engineer Degree 0-5 15,000 30,000
Field Technician Diploma/Degree 0-3 9,000 20,000
2524
FMCG, RETAIL & SERVICESA market in resurgence, Thailand’s retail industry is expected to achieve a compound annual growth rate (CAGR) of 7% until 2023, bolstered in large part by an increase in tourism, particularly Chinese tourism, and high tourist expenditure.1
Consumer confidence remains high despite the slowing economy. On the back of rising urbanisation, smaller provinces in Thailand are emerging as drivers of consumer spending due to the government increasing investments into infrastructure and tourism. To tap into new opportunities offered by these markets, companies should begin to refocus and tailor their marketing strategies based on each region’s different characteristics.
With Thailand’s elderly expected to make up almost 40% of the total population by 2025, new opportunities are emerging in the FMCG market.2 Demand for products and services targeted at elderly consumers are expected to grow, and companies can tap on this by catering delivery services and in-home care.
Busier lifestyles, a rising number of nuclear families and the rapidly growing population of working women will also continue to boost market growth. An increasing demand for convenience has also resulted in a boom in the number of convenience stores across the country.
Aside from physical accessibility, consumers are also looking online for convenience and
saving time; increasingly, they are turning to online shopping to fulfil their day-to-day needs. On the other hand, retailers are leveraging the significantly increasing Internet and mobile phone penetration in the country to reach more consumers. These factors are fuelling Thailand’s e-commerce boom. At 14%, the country currently boasts the fastest growth rate for e-commerce in Southeast Asia, a figure that is on track to rise by an additional 20% this year.3
The rapid growth of the e-commerce space does not spell doom and gloom for brick-and-mortar retail. On the contrary, retailers in Thailand are surviving through reinvention; by bridging online and offline channels and adopting new technologies and innovations, retailers are able to stay relevant in the face of constantly evolving consumer demands. From live performances to showcases and more, retailers are taking an omnichannel approach and focusing on providing fresh experiences to consumers across physical stores and online, however consumers may choose to shop.
The country’s full potential for e-commerce is also yet to be realised. E-commerce is forecast to rise further with increasing usage by the millennial generation, as well as the growing maturity of
payment systems and telecom infrastructure. Recognising the surge in e-commerce sales, the government is implementing a new e-commerce tax, expected to take effect in Thailand in 2020. An unintended effect of this may be amplified growth in social commerce, which remains uncontrolled.
Through online and social channels, companies now have a vast amount of data easily accessible at their fingertips. Digital professionals with data analytics skillsets may be in increasing demand as companies shift their focus towards optimising their utilisation of customer data to formulate better strategies.
1 Yahoo Finance
2 Nielsen
3 The Loadstar
2726
FMCG, RETAIL & SERVICESFMCG, RETAIL & SERVICES
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
SALES
Head of Sales & Marketing Degree 8-15 200,000 400,000
National Sales Manager Degree 8-15 170,000 300,000
Key Account Manager Degree/Master 7-15 80,000 170,000
Area Sales Manager Degree 8-15 100,000 230,000
Modern Trade Manager Degree 7-10 140,000 220,000
Traditional Trade Manager Degree 7-10 140,000 220,000
E-Commerce Manager Degree 8-15 120,000 250,000
Channel Sales Manager Degree 8-15 110,000 220,000
Senior Sales Executive Degree 5-7 45,000 70,000
Sales Executive Degree 2-5 25,000 60,000
Key Account Executive Degree/Master 3-5 46,000 63,000
Telemarketing Officer Degree 0-1 15,000 19,000
OPERATIONS
Senior Supplies and Planning Manager Degree/Master 10-12 136,000 180,000
Material Warehouse, Premix & Logistics Manager Degree 7-9 60,000 120,000
Import & Export Officer Degree 1-3 22,000 38,000
Sale Coordinator Degree 1-3 22,000 33,000
Production Planner Degree 3-5 35,000 50,000
RETAIL
Area Manager Degree 7-15 80,000 180,000
Merchandising Manager Degree 8-15 90,000 135,000
Visual Merchandising Manager Degree 5-10 90,000 135,000
Customer Service Manager Degree 7-10 90,000 130,000
Retail Operations Manager Degree 8-15 70,000 180,000
E-commerce Product Manager Degree >8 90,000 180,000
Store Manager Degree 8-15 55,000 200,000
Assistant Store Manager Degree 5-10 45,000 120,000
Store Supervisor Degree 3-5 40,000 70,000
Sales Associate Degree 0-3 15,000 50,000
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
EDUCATION
Branch Manager Degree 5-10 65,000 120,000
Educational Sales Manager Degree 5-7 68,000 90,000
Account Manager Degree 5-7 40,000 60,000
EVENTS
Director of Events Degree 5-8 150,000 230,000
Business Development Manager Degree >10 80,000 120,000
Conference Manager Degree 3-6 55,000 135,000
Assistant Key Account Manager Degree 3-5 50,000 65,000
Marketing Communication Controller Degree 2-5 35,000 55,000
Events Specialist Degree 2-3 25,000 40,000
HOSPITALITY AND F&B
F&B Director Degree >10 100,000 200,000
Restaurant Manager Degree 5-7 40,000 80,000
Facility Management Degree 5-7 45,000 65,000
Thailand’s retail industry is expected to achieve a compound annual
growth rate of
7% until 2023
Demand for products and services targeted at
elderly consumers
are expected to grow
Digital professionals
with data analytics skillsets may be in increasing demand
2928
By 2022, Thailand will truly have entered the digital age; more than 61% of the country’s GDP is expected to be digitalized by then.1 In every sector, from 2019 to 2022, growth will be powered by digitally enhanced offerings, operations and relationships driven by US$72 billion of IT-related expenditure.2
In the information technology (IT) industry alone, hardware and digital services are the largest contributors to growth, driven by digital transformation and new technologies including big data, robotics and the cloud. Thailand’s internet economy is also growing fast and is expected to reach US$50 billion
by 2025, making it the second-largest internet economy in Southeast Asia after Indonesia.3
This year, Thailand is also pushing for the rollout of a 5G network, which will be crucial to its innovation drive and development – particularly in the EEC – and hence in the country’s digital transformation.
However, there are other gaps that the country needs to bridge to fully prepare for a digital future. In the World Digital Competitiveness Index 2019 rankings, Thailand had slipped a place to 40th,
a decline that had arisen from a mixed assessment on its future readiness, knowledge and technology.4 Technological adoption in the wider society and public access to digital services were indicated as areas of improvement. The country also ranked 56 out of 194 countries in the Government AI Readiness Index 2019, suggesting a greater need for cultivating AI talent and R&D efforts in AI technology.5
To this end, the public and private sector are quickly coming together to help Thailand achieve its technology development objectives. The Digital Economy Promotion Agency (DEPA) is collaborating with global tech giants, including the likes of Google, Microsoft, Cisco, and Huawei, to design upskilling and reskilling courses for workers in tech-related industries. After assessing the needs of foreign businesses investing in the country, the Office of the Vocational Education Commission will then work to draw
up new education curriculums and training programmes, focusing on advanced technology sectors such as robotics, artificial intelligence (AI) and automation.
Creativity has also been identified as a sought after skill in Thailand’s digital-powered future. Digital, analytical or statistical, and R&D skillsets are predicted to be in shortage over the next three years, and have also been named by business leaders in the country as highly valuable skillsets for the future workforce.
Specifically, IT talents with data analytics, cloud computing, machine learning and data privacy skillsets are expected to be in especially high demand. Hiring within these spaces will pose continuous challenges, making it imperative for companies to continue investing in their existing workforce to close the skills gap and nurture digital-ready talents.
INFORMATION TECHNOLOGY
1 Startup Thailand
2 Startup Thailand
3 The Thaiger
4 Bangkok Post
5 Bangkok Post
3130
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
IT SALES/PROJECT MANAGEMENT
Account Director (Technical / Presales) Degree/Master >10 150,000 250,000
Sales Manager (Technical / Presales) Degree/Master >10 100,000 200,000
Senior Account Manager Degree 7-10 80,000 160,000
Account Manager Degree 3-5 35,000 60,000
Business Analyst Degree 2-5 35,000 80,000
Project Manager Degree/Master 5-8 90,000 160,000
Project Coordinator Degree 3-5 30,000 50,000
IT DEVELOPER/ENGINEER
Data Scientist Degree/Master 2-5 45,000 150,000
Data Analyst Degree/Master 1-3 30,000 80,000
Data Engineer Degree 0-3 25,000 60,000
System Engineer Degree 3-5 50,000 80,000
System Analyst Degree 2-3 30,000 60,000
Product Manager Degree 5-7 60,000 100,000
ERP Consultant (SAP, Oracle, Microsoft Dynamics, Salesforce)
Degree 5-8 80,000 200,000
Cloud Consultant Degree 5-8 60,000 150,000
QA Engineer Degree >4 50,000 150,000
UI/UX Designer* Degree/Master 2-5 30,000 80,000
Senior Full Stack Developer* Degree/Master >5 65,000 150,000
Junior Full Stack Developer* Degree 0-5 35,000 60,000
Senior Back End Developer* Degree/Master >5 60,000 120,000
Junior Back End Developer* Degree 0-5 30,000 60,000
Senior Front End Developer * Degree/Master >5 60,000 120,000
Junior Front End Developer* Degree 0-5 35,000 55,000
Senior Mobile Application Developer * (iOS, Android)
Degree/Master >4 55,000 80,000
Junior Mobile Application Developer* (iOS, Android)
Degree 0-4 35,000 60,000
INFORMATION TECHNOLOGYINFORMATION TECHNOLOGY
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
IT SECURITY/AUDIT
IT Security Manager Degree/Master 5-10 120,000 180,000
IT Security Analyst Degree/Master 2-5 70,000 140,000
IT Auditor Degree/Master 5-10 80,000 200,000
Data Governance Manager Degree/Master >8 120,000 250,000
Data Governance Specialist Degree/Master 3-7 50,000 100,000
IT Compliance Manager Degree/Master 3-5 65,000 100,000
Information Security & Compliance Section Head Degree/Master >7 90,000 180,000
Security Consultant Degree/Master 3-5 60,000 85,000
Cybersecurity Engineer Degree/Master 3-5 60,000 120,000
Penetration Tester Degree/Master >5 85,000 300,000
IT NETWORK/INFRASTRUCTURE
IT Infrastructure Manager Degree >7 80,000 180,000
IT Infrastructure Specialist Degree 3-5 60,000 100,000
Network Engineer Manager Degree >5 80,000 150,000
Network Engineer Degree 1-5 40,000 65,000
Server Engineer Manager Degree >7 80,000 150,000
Server Engineer Degree 1-5 30,000 60,000
IT (CORPORATE SERVICES)
Chief Technology Officer Degree/Master >10 220,000 700,000
IT Director Degree/Master >10 180,000 300,000
Head of Information Technology Degree/Master >10 150,000 350,000
Enterprise Innovation Manager Degree 5-8 120,000 200,000
Change Manager Degree 5-8 75,000 180,000
IT Manager Degree/Master 7-10 75,000 150,000
Desktop Support Analyst Degree 3-5 40,000 100,000
IT Support Degree 1-3 30,000 40,000
*Languages: HTML/CSS/Java/Go lang/Python/C#/C/C++/Swift/R/Cobol/PHP/JavaScript/React.JS/Node.JS/Angular.JS/.NET/ABAP/SQL/MongoDB
3332
MANUFACTURING
Amid economic uncertainties, Thailand’s game plan for its manufacturing sector is clear – to become a high-tech manufacturing hub. Under Thailand 4.0, the country is venturing further up the value chain and expanding its capabilities to manufacture higher value products.
Opportunities abound for foreign manufacturers, who see Thailand’s strong leadership, strategic location and regional economic hub positioning as a draw. Recently, the government had also introduced a raft of incentives for foreign investment, including the easing of labour regulations and tax breaks, to draw companies to relocate production to the country.
As the country transforms its manufacturing base, transforming its workforce must become a priority too. Widening skills gaps and the shortage of skilled labour are among the broader industrial sector’s key challenges.
In developing the current and future workforce, manufacturers must enable workers to hone skills that technology cannot replicate, in order to take full advantage of technology and automation. To successfully recruit digital specialists in an increasingly competitive global playing field, manufacturers must also explore creative ways to increasing their attractiveness and engage with potential hires.
AUTOMOTIVE
Currently the largest automotive parts exporter and commercial vehicle manufacturer in Southeast Asia, Thailand is looking to solidify its status as one of the top countries in the global automotive market by manufacturing over 3.5 million units of vehicles by 2020.1
While production of passenger and heavy commercial vehicles has declined in 2019, general production levels will rebound in 2020 with rising domestic demand and release of new models.
Turnover in the wider automotive sector will remain largely unchanged on both domestic and export markets. Manufacturers of heavy vehicles will find upsides from continued government investments in infrastructure construction, logistics and tourism sector growth, along with opportunities for increased exports to neighbouring countries.
Another promising segment is the electric vehicle (EV) industry. The government hopes to establish a complete EV ecosystem, from manufacturers to builders of infrastructure for EV power supply, and various car companies are already on board.
ELECTRONICS & SEMICONDUCTOR
Despite the global semiconductor market being in decline in 2019, Thailand’s market
has been exhibiting a steady growth rate of 5%.2 The wider industry can look forward to a return to growth in 2020, powered by greater demand for chips related to artificial intelligence (AI). The rise of 5G may also have a direct impact on demand for chips, spurring renewed growth for the semiconductor industry.
A crucial component of Thailand’s exports, the electronics industry contributes to 24% of all national exports.3 Having established itself as a key global player in the production of integrated circuits, Thailand is positioned favourably for further expansion. By leveraging its strong production base and competitive edge in electronics, Thailand can capitalise on new opportunities presented by the continued momentum of smart electronics.
MANUFACTURING
1 AsiaCargoBuzz.com
2 Electronic Specifier
3 Eastern Economic Corridor (EEC) Office
3534
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
SALES & MARKETING
Country Sales Manager Degree/Master >10 120,000 180,000
Overseas Sales Manager Degree/Master >7 80,000 120,000
After Sales Manager Degree/Master >10 80,000 150,000
After Sales Specialist Degree 3-5 35,000 75,000
Dealer Development Manager/ Partner Management Manager
Degree 5-7 65,000 120,000
Dealer Development Specialist Degree 3-5 35,000 60,000
Product and Sales Trainer Degree 3-5 35,000 60,000
Sales Engineer Degree 3-5 35,000 56,000
Sales Executive Degree 3-5 34,000 56,000
Customer Service Diploma/Degree 0-2 14,000 29,000
PRODUCTION (GENERAL)
Plant Manager Degree/Master >10 170,000 250,000
Production Manager Degree/Master >7 140,000 180,000
Procurement Manager Degree >7 100,000 250,000
Quality Manager Degree >7 75,000 150,000
HSE Manager/Safety Manager Degree 7-10 80,000 170,000
Maintenance Manager Degree 7-10 80,000 120,000
Logistic Manager Degree 7-10 100,000 120,000
Senior Logistic Supervisor Degree 5-7 45,000 70,000
Engineering Manager (SMT) Degree 7-12 65,000 130,000
Senior Engineer (Mechanical/Electrical) Degree 5-7 50,000 70,000
Engineer (Mechanical/Electrical) Degree 3-5 35,000 50,000
Field Service Engineer Degree 3-5 35,000 55,000
R&D Engineer Degree 3-5 40,000 63,000
Design Engineer Degree 3-5 35,000 50,000
Supply Chain Executive Degree 1-2 23,000 34,000
Technical Engineer Degree 3-5 21,000 40,000
QA / QC Engineer Degree 3-5 35,000 50,000
MANUFACTURING
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
PRODUCTION (AUTOMOTIVE)
Engineering Manager Degree 7-12 65,000 125,000
Project Manager Degree 7-12 65,000 125,000
Project Management Officer Degree 1-3 35,000 45,000
Die Casting Mold Manager Degree 8-10 70,000 120,000
Tooling & Facility Manager Degree 8-10 70,000 120,000
Automotive Test Engineer Degree 2-5 30,000 50,000
Car Designer Degree 2-5 30,000 65,000
Digital Modeler Degree 2-5 30,000 65,000
Clay Modeler Degree 2-5 30,000 65,000
Color and Material Designer Degree 2-5 30,000 65,000
Senior Product Planner Degree 5-7 40,000 75,000
Product Planner Degree 2-5 35,000 45,000
Senior Engineering Design Degree 3-5 45,000 60,000
Engineering Design Degree 0-3 25,000 45,000
Steering System Engineer Degree 2-5 30,000 65,000
Facility Engineer Degree 1-3 25,000 40,000
License Engineer Degree 3-5 40,000 70,000
Service Engineer Degree 2-3 30,000 50,000
Service Technician Diploma 0-3 15,000 28,000
Thailand government introduced a raft of
incentives for foreign investment,
to draw companies to relocate production to the country
Thailand is looking to solidify its status as one
of the top countries in the global automotive market by
manufacturing over
3.5 million units of vehicles by 2020
The rise of 5G may have a direct impact on
demand for chips, spurring renewed growth for the semiconductor industry
3736
Propelled by growing e-commerce and increasing urbanisation, Thailand’s freight and logistics market is forecast to grow by 6-7% between 2018 to 2024.1 While current global trade tensions have resulted in lower export growth in 2019 for Thailand’s shipping industry, exports are still expected to rise 0-1% in 2020.2
The emerging automotive industry also provides plentiful opportunities for contract logistics, and automotive logistics has rapidly become one of the most important sectors in Thailand today.
Under the ASEAN Economic Community (AEC) framework, the government may allow foreign companies a larger role in shipping services. Foreign multinational logistics companies are further expected to use their competitive advantage to gain significant market share from local logistics providers. As more players emerge, domestic operators such as shipping lines and freight forwarders must adapt to the changes and growing competition, while better identifying and managing risks.
3PL
Given a leg up from the increased outsourcing of logistics services and increase in imports and exports across key markets, Thailand’s third-party logistics (3PL) market will continue its ascent.
The strong demand for 3PL services comes from economic growth and globalisation, which increasingly requires manufacturers to import and export raw materials and finished goods on a global level. The government has exhibited strong support for the sector by shoring up infrastructure, along with easing trade across borders. High growth is expected in the international transportation management segment as more players enter the market.
IMPORT & EXPORT
A sustained decline in export growth has affected the growth of domestic demand this year. One of Asia’s strongest performing currencies this year, the appreciation of the Thai baht has also weighed on the country’s export competitiveness.
However, export growth should gain momentum in 2020, and could expand by 1.6%.3 The sector’s performance will also hinge on developments in the US-China trade war.
LOGISTICS
1 MarketWatch 2 The Medi Telegraph 3 FocusEconomics
3938
LOGISTIC LOGISTIC
Salary Range (per month)
QUALIFICATIONS EXPERIENCE (YEARS)
MIN (THB)
MAX (THB)
SALES
Sales Manager (Air Freight/Sea Freight/Land/Warehouse)
Degree >7 60,000 120,000
Sales Executive (Air Freight/Sea Freight/Land/Warehouse)
Degree 1-3 30,000 45,000
Sales Coordinator Degree 0-3 18,000 30,000
BOI Coordinator Degree 0-3 18,000 35,000
Customer Support Degree 0-2 18,000 28,000
LOGISTIC & SUPPLY CHAIN
Procurement Manager Degree >7 100,000 250,000
Supply Chain Manager Degree >10 120,000 250,000
Logistic Manager Degree 7-10 80,000 120,000
Logistic Planner Degree 3-5 40,000 60,000
Demand & Supply Manager Degree >7 100,000 250,000
Logistic & Supply Chain Manager Degree >7 100,000 250,000
Facility Management Manager Degree 3-5 70,000 100,000
Supply Chain Manager Degree 7-10 120,000 200,000
Inventory Manager Degree >7 100,000 160,000
Warehouse Manager Degree 7-10 80,000 200,000
Warehouse Officer Degree 2-5 25,000 50,000
Import/Export Manager Degree 7-10 80,000 150,000
Import/Export Supervisor Degree 3-5 40,000 70,000
Import/Export Officer Degree 0-2 18,000 25,000
Reservation Officer Degree 0-2 12,000 20,000
Shipping Coordinator Degree 0-2 18,000 25,000
Custom Clearance Manager Degree >7 75,000 120,000
Custom Clearance Officer Degree 1-3 28,000 45,000
Cargo Operation Manager Degree >7 40,000 80,000
Fleet Manager Degree 7-10 120,000 180,000
Fleet Supervisor Degree 3-5 40,000 70,000
Safety Manager Degree >7 65,000 100,000
Freight and logistics market is forecast to grow by
6-7% between 2018 to 2024
Exports are expected to rise
0-1% in 2020
Under the AEC framework, Thailand’s government may allow foreign companies a
larger role in shipping services
4140
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