For 2 years in a roll, the “Golden People” of Thailand’s Wall Street, sees bonus evaporate

For 2 year in a roll, golden people of Thailand’s Wall Street, sees bonus evaporate

 

Matichon, a local press, reports that the consulting firm, Hay Group, from a survey of about 100 Thai firms, private and public reports that for 2015, “Top Bonus” in Thailand will be with the Construction Materials, Oil & Gas and Chemicals and related firms. For 2014, Hays reported about the same thing. For 2015 and 2014, the 3 “Top Bonus” sectors, have/will give out about 4 months bonus.

 

Of note, is that Thailand’s Wall Street related firms, like banks and stock brokers, have not made the list for 2 years in a roll. In the past, with a booming Thailand’s Wall Street, brokers are known to give out bonus of 6 months salary and banks, 4 to 5 months, salary. The bonus at Thailand’s Wall Street, was so astronomical, for so many years, the term “Golden People” was coined, for them.

 

Matichon also reported, that salary for 2015 will be going up about 6%, in many sectors and that resignation of employees in some industry is an acute proble.

 

Hay Group is a global management consulting firm that works with leaders to transform strategy into reality. We develop talent, organize people to be more effective and motivate them to perform at their best. Our focus is on making change happen and helping people and organizations realize their potential.

We have over 2,600 employees working in 86 offices in 47 countries. Our clients come from the private, public and not-for-profit sectors, across every major industry and represent diverse business challenges. For over 60 years, we have been renowned for the quality of our research and the intellectual rigor of our work. We transform research into actionable insights. We give our clients breakthrough perspectives on their organization and we do it in the most efficient way to achieve the desired results.

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