There are many things you’ll need to know before you move ahead with hiring in Thailand, but here are our top 3 points to cover first: Employment in Thailand EmployerRead More
If you are looking to hire an employee in Thailand (local or expat) you may be looking for more information on the social security and pension rules in that Asian country. Every country has its own unique social security laws and Thailand is no exception.
We have a client whose employee had a number of questions about contribution amounts and timing, and on the advice of our in county partner we offered the following explanation:
There are two types of employee contributions in Thailand: Social Security Fund and Provident Fund.
The employee can start making contributions at any point during their employment as it is voluntary, but the actual payment has to be submitted no more than three days after payday.
The employer sets up the provident fund as a benefit, and holds it for the employee through a fund trustee. The government is not involved.
In Thailand, this program is known as Workmen Compensation and is funded by employer contributions based on the employee’s annual salary and type of business.
This is just one example of how the Shield GEO service works in real time, where we are always available to assist our clients at every stage from initial onboarding and setting up payroll to smooth transitions when the assignment ends.
If you are looking to hire an employee in Thailand, it can be overwhelming to try to manage it on your own, or even know how to get started. Here are some of the questions you will face:
These are the exact types of issues that Shield GEO takes care of for our clients. We offer you a complete employment solution that covers immigration compliance, setting up payroll and meeting local employment rules, all within one cost-effective service model. Our local employer of record will make your international employment simple, relying on in country experts and dedicated account managers in our regional offices.
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