Hire a remote team in Thailand

Hiring a remote team in a country as Thailand comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Thailand. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Thailand with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Thailand, particularly if you don't have established local relationships. You can hire employees in Thailand effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Thailand.As an employer of record, we help you hire employees and run payroll services in Thailand, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Thailand.It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.If you wish to hire a remote team in Thailand or individually hire remote employees in Thailand, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.Send us a message so we can talk about how Rivermate’s Employer of Record Thailand services can best help your company!

3. Hire a remote team in Thailand

Thailand is an excellent country for professionals to relocate to because it has a strong economy and an unemployment rate of only about 1.5 percent in 2020. Thailand derives the majority of its revenue from goods exports and tourism-related activities. It serves as an anchor economy for the developing countries in its vicinity. Thailand's labor market is very strong. Companies in Thailand are constantly looking for skilled individuals from around the world to assist with the expansion of their operations. Thailand's standard of living may not be as high as that of other major economies such as the United States and the United Kingdom. Nonetheless, it provides a comfortable lifestyle for professionals at an affordable price.

4. Cost of living in Thailand

Thailand's cost of living is $742, which is 1.26 times less expensive than the global average. Thailand ranked 112th out of 197 countries in terms of cost of living and 46th in terms of quality of life.In Thailand, the average after-tax salary is $567, which is enough to cover living expenses for 0.8 months.

5. Cost of renting in Thailand

Thailand is a beautiful country to relocate to because of its low cost of living and delicious local cuisine. Thailand provides a high standard of living for expats from all over the world. The cost of living in Thailand has risen in recent years as a result of the ongoing migration of people from all over the world in search of work.Rent in Thailand varies depending on location, amenities, and area. An individual can expect to pay $330.66 per month for a rental apartment. Thailand is less expensive to live in than most other Asian countries.The cost of living varies depending on where you live and what amenities you have. The cost of living in your city varies depending on which tier it belongs to. Tier 1 cities have the highest cost of living, while Tier 3 cities have lower costs.Tier 1 cities are the country's major metropolitan areas, such as Bangkok, Nonthaburi, and Nakhon Ratchasima.Tier 2 cities are Thailand's developing cities, such as Pattaya, Yala, and Ban Mai.Tier 3 cities are underdeveloped cities with development potential, such as Bang Per, Na Klang, and Yaring.

6. Major industries in Thailand

Thailand's tourism industry is well established. The 2020 lockdown due to COVID-19 has put a damper on this sector. Previously, the tourism sector contributed approximately 6% of Thailand's total economy. However, when the indirect effects are taken into account, the tourism sector contributes up to 20.2 percent of the total economy.Thailand has been practicing agriculture for over a century. The agriculture sector provides the majority of job opportunities in Thailand. According to the most recent data, the agricultural sector employs 49 percent of all Thai workers.Thailand has a strong infrastructure for generating energy from natural gas, coal-fired power plants, biomass, hydrocarbons, and biogas. This country has substantial natural gas reserves. The majority of the energy produced is exported to various countries. This large-scale industry provides numerous job opportunities.

7. Hiring cost in Thailand

Hiring costs are a critical consideration for any employer. The following factors must be budgeted for during the recruitment process:- Interview process- Shortlisting process- Orientation and onboarding- Time required

8. Employment laws Thailand

Thailand's labor laws are based on the Labour Protection Act BE 2541, which was passed in 1998. This act thoroughly covers the majority of employment scenarios. Some of the factors mentioned in the act are as follows:- Minimum wages per day- Working hours- Leave- Termination of employment- Employment of Women and young workersIn Thailand, employer-employee relationships and other employment-based relationships are governed by the laws outlined in the:- Ministry- National Executive Council- The Contract of Employment

9. Top skills Thailand

Thailand is constantly on the lookout for skilled and talented individuals. Certain soft skills, such as constructive criticism, are lacking in Thai employees. As a result, the Thai market is always on the lookout for well-rounded and skilled individuals.Major skills and areas which have witnessed a recent growth rate- Teaching- Driving- Content creation- Public relations- Coding

10. Economic landscape in Thailand

Thailand has an export-driven economy, with exports accounting for two-thirds of the country's total GDP. The 2021 PPP GDP is expected to be around US $1,340 billion (41.94 billion THB), with a per capita income of around US $19,169. (600.01 THB). However, Thailand's nominal GDP is $536.841 billion (16.80 billion THB), so the per capita income is $7,674. (240.20 THB).

11. Market size in Thailand

Thailand has a large export market that generates approximately US $105 billion (3.29 billion THB) in revenue each year. Aside from export, Thailand's market is strong in manufacturing, technology, agriculture, tourism, energy, and so on. It has trade ties with a number of countries in Asia, Europe, Africa, North America, and South America.