{"id":216,"date":"2017-10-16T15:37:42","date_gmt":"2017-10-16T08:37:42","guid":{"rendered":"https:\/\/www.pacificprime.co.th\/blog\/?p=216"},"modified":"2018-02-08T14:23:52","modified_gmt":"2018-02-08T07:23:52","slug":"employee-benefits-thailand","status":"publish","type":"post","link":"https:\/\/www.pacificprime.co.th\/blog\/employee-benefits-thailand\/","title":{"rendered":"Is your employee benefits package working for your business?"},"content":{"rendered":"

Late last year, <\/span>Marketwired<\/span><\/a> reported on the turnover rates for Thai businesses as part of an article on Aon Hewitt\u2019s Total Compensation Measurement Study and Benefits Survey 2016. What\u2019s interesting to note about that is it gives some really useful insight into what an employee benefits package can do to boost your staff retention rates, and attract quality new talent. Having a compensation policy that utilizes effective fringe benefits and perks can go a long way to setting your business apart from its competition. <\/span><\/p>\n

The impact of employee benefits: by the numbers<\/span><\/h2>\n

When it comes to Thailand, the junior management and supervisor level was where most industries saw the highest turnover; accounting for 14% of all voluntary turnover, and 5.3% of involuntary. Performance was the biggest factor driving pay-related decisions for a whopping 95% of employers in Thailand, meaning those junior leaders were facing mounting pressure to maintain high work standards despite making the leap from an individual contributor to their first managerial position.<\/span><\/p>\n