Thailand’s Minimum Wage Rate 2024

Considering the Thai economic position in October 2023, it is in the process of recovering based on private sector demand for consumption and investment, as well as the Thai economy’s trend in 2024, which is expected to expand more than 2023. In addition, when considering the prices of consumer products necessary for the living of employees, it was found as a higher price and consequently, employees’ costs and costs of living have grown. As a result, the wage committee has determined that employees’ original salary rates should be raised.

As for the aforementioned concerns, the wage committee, pursuant to the Labour Protection Act B.E. 2541 (1998), as amended in B.E.2551 (2008), issued the Notification of the Wage Committee on Minimum Wage Rate (No.12), imposing provisions to add 2-16 baht to the previous minimum wage rate for labors in Thailand, resulting in a minimum wage rate of 330 – 370 baht.

This new minimum wage rate takes effect on 1 January 2024, and employers of all types of businesses, except those specifically specified in the Notification, such as non-economic businesses and central, regional, and local government administration, must pay their employees at or above this rate, regardless of race, nationality, age, or gender.

Additionally, the minimum wage rate for employees only in hotel businesses has been increased up to 400 baht in some areas of some provinces, such as for hotels operating in the Pathum Wan and Watthana districts of Bangkok or for every hotel operating in Phuket province, the employers must comply with such minimum wage rate as of 13 April 2024, according to the Wage Committee’s Notification on Minimum Wage Rate for Hotel Business announced on 27 March 2024.

Author: Panisa Suwanmatajarn, Managing Partner.

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