This Webinar session aims to explain how businesses can achieve high-speed market entry into Thailand through a Professional Employer Organisation (PEO) or Employer Of Record (EOR).
Free On-Demand Webinar | Thailand | 7th July 2020, Afternoon Session
Entering Thailand's Market Quickly and Compliantly with PEO/EOR
In this episode, you will understand how a PEO or EOR can help your business to expand into Thailand in a more cost-effective and compliant way.
How Does a POE/EOR Work in Thailand?
It involves a co-employment relationship between the PEO/EOR and your company. In this regard, the PEO/EOR will service your company in areas like HR consulting, payroll processing, employee benefits administration and labour law compliance management.
On the other hand, your company retains control over its core business and maintains management rights.
AYP Group's Scope of PEO/EOR Services
The following are key HR functions we can manage on behalf of your business:
- Drafting and maintenance of employment contracts
- Providing insurance coverage for your employees and their dependents
- On-boarding
- Processing of payroll, salary and statutory contributions
- Aligning your business in compliance to Thailand's labour laws
- Supporting your business in day to day HR operations
Understanding Thailand's Contract Types, Labour Laws and Employee Benefits
For detailed explanations and elaborations on the mentioned terms, you may refer to the Webinar recording that has been uploaded on YouTube:
https://youtu.be/N0Q7vXqeeR4
1. Contract Types
In Thailand, there are two types of contracts:
- Indefinite-term/Permanent
- Fixed-term/Temporary
Employees under a permanent contract are entitled to the forum of employment rights and such contracts may be terminated by either the employer or the employee. On the other hand, temporary contracts are are terminated once the duration of hire expires.
2. Labour Laws
Labour laws in Thailand are governed by the Labour Protection Act First Edition 1998 (and as amended to the latest version in 2020).
Employee Benefits
The main employee benefits include the following:
- Leave entitlement
- Payment of overtime work
- Termination and severance pay
- Social security entitlement
- Provident fund
If you have further questions, feel free to contact us
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