Employee Benefits Report

Product Employee Benefits Reports Rev Thailand

Key Highlights

Get access to Axco’s online product for a comprehensive understanding of employee benefits in Thailand

  • Details of the state and compulsory benefits
  • Insight into typical market practice
  • Examines changes to the costs and benefits of social security and mandatory benefits requirements
  • Demographic and economic information including projections
  • Mandatory pension provision, normal and parental leave and other state benefits
  • Details of applicable taxation
  • Extensive geopolitical and operational risk analysis

Report Overview

Comprehensive employee benefits information for Thailand. Details mandatory benefits and plans as well as typical market practice. Includes data on pensions and retirement benefits, employee leave and termination indemnities.

Axco's employee benefits report for Thailand provides an expert analysis of the local benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in Thailand or thinking of entering the market.

The comprehensive report is produced by a dedicated research team with years of experience in international employee benefits. The report outlines all key benefits in Thailand, including insight into changes to the costs and benefits of social security and mandatory benefits requirements, as well as typical employer practice. Information and necessary details on new legislative mandates are regularly updated to ensure you remain compliant.

Suitable for international employee benefits consultants, brokers or corporates looking at establishing business in Thailand, the report outlines the employment benefits requirements for your employees in Thailand. Coverage extends to retirement benefits, death in service benefits, long-term disability, medical benefits, workers compensation, personal accident insurance, termination indemnities, maternity benefits & maternity/paternity benefits and other employee and state benefits.

Axco analysts also report on the Thai economy, the local political situation, and climate, operational, and security risks.

Thailand Report Extract

Below is a very brief extract of information from the Thailand Employee Benefits Report; more updated information may be available in the latest published report.


Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided through the Social Security Fund, administered by the Social Security Office.

The government had agreed to establish a supplementary second pillar defined contribution (DC) National Provident Fund under the draft National Pension Fund Bill, however progress on implementation remains slow; at the date of this report the implementation was expected to take effect in the next few years, with the following features of the National Provident Fund suggested ...

Typical Employer Practice

Many multinational employers provide supplementary retirement benefits (prevalence is not common among local employers or small to medium sized multinational employers); benefits are provided through registered provident funds.

Provident funds may be established for the exclusive use of a single employer (typically large employers) or, more often, on a pooled basis as multi-employer funds.


The report contains more information on retirement benefits including Benefit Provider; Type of Plan; Eligibility; Retirement Age; Pensionable Salary; Vesting and more

Termination Indemnities

Benefit provider

State & Compulsory Benefits

Termination indemnities (known locally as severance pay) are provided by employers.

Where an employer with at least 10 employees has not established a registered provident fund (see Retirement section for detail), termination indemnities are provided through the Employee Welfare Fund; contributions to the Employee Welfare Fund are required as follows:

  • employer - up to 5% of the employee's salary for each employee
  • employee - up to 5% of the employee's salary.

The Employee Welfare Fund is administered by the Department of Labour Protection and Welfare.

Typical Employer Practice

Employers would not typically provide supplementary termination indemnities.

More information on Eligibility; When Benefit is Paid; Benefit details and the associated Taxation applicable to termination indemnities is available in the report

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