We’ve seen some major labour law and economic reforms early this year in Thailand. With the launch of policies tackling income and wealth inequality, enhancing worker protection and regulations to be more business-friendly, there is a low businesses in Thailand need to be aware of.
Regional HR managers should especially pay attention to these changes in policies to ensure their company policies comply with local standards and regulations. By keeping up to date on the latest changes, regional HR managers can also better manage local HR operations, and allowing them to successfully execute HR strategies across regions.
What Is the Business Impact and Why Should You Pay Attention?
With the new Thai Labour Protection Act, sanctions will be imposed on employers who neglect or fail to carry out the changes. In order to avoid this, businesses will need to plan ahead. This includes any additional funds required for the increased severance payments to employees who have served more than 20 years.
On top of severance payments, businesses should also consult with their HR and payroll partners to review their employee handbooks. With the new labour protection act updating various employee benefits, it is crucial that the benefits in your organisation complies with the new regulations.
Find a summary of the key Thai Labour Protection Act updates in our article on the fast evolving Thai workforce.
How HR Leaders Can Prepare Their Business for Thailand
We understand that one of the most difficult challenges as a Regional HR is in keeping up to date and having a thorough understanding of the labour laws for all the locations they manage. With the many labour law changes hitting businesses in Thailand, Links decided to host a workshop to give HR leaders more clarity on the matter.
The Thailand Payroll, Labour Law, and Compliance workshop is a free resource and will be held in both Singapore and Hong Kong. Taking place on the 27th and 28th November respectively, we will be flying in Tu Nguyen and Phawina Abudoem, our Thailand payroll specialists to share their insights on the Thailand market.
Details of our Thailand workshop can be found on the event signup page or at the bottom of this article. As seats are likely to fill up, if you’re interested in attending, make sure to sign up now!
Want a quick look into the different labour standards across Asia Pacific? We’ve put together an Asia Pacific legislation comparison chart so you can quickly compare different labour laws across key APAC locations. Click here to go to the download page.
Be ready to prepare for the future
We’re seeing a growing trend of labour policy modernisation around Asia. With countries like Thailand, Singapore and Cambodia updating their legislation to increase employee rights and protection, HR leaders will need be prepared to play a more proactive role in bringing the company up to speed.
Keep informed and up to date
With so many legislative updates across Asia, regional HR managers especially, will have to stay on their toes and keep track of the latest so they can more effectively lead various local HR operations into strengthening the business.
Consult with experts to get greater clarity and control
For HR professionals either currently managing a business in Thailand or looking to do so in the future, it is a good idea to consult with a local HR professional or HR outsourcing firm. By doing so, you’ll not only gain greater clarity into the location but also a chance to explore alternative solutions to your current challenges.
Thailand Payroll, Labour Law & Compliance Workshop
|Nov 27, 2019||Nov 28, 2019|
|9:00am – 12:00pm
(Registration starts at 8:30am)
|9:00am – 1:00pm
(Registration starts at 8:30am)
|OUE Downtown Gallery
6A Shenton Way
(Please use Lift Lobby 1)
|IBIS Hong Kong Central & Sheung Wan
Room Soho 1 & 2
No 28 Des Voeux Road West, Sheung Wan, Hong Kong
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- Expanding into Southeast Asia: Business in Vietnam
- When Overtime Work Becomes Too Much for Japan
- How to Choose the Right Payroll Outsourcing Vendor to suit your Requirements
- How Exactly Does Payroll Outsourcing Work?
Links International is an industry leader in innovative HR outsourcing with services such as payroll outsourcing, visa application, Employer of Record (EOR), recruitment and more! Contact us for more information on how we can help leverage your HR function.