The latest labor law that personnel management should know!

25/04/2024

Labor laws are always changing. It is important for HR to keep up with these changes to ensure that the company is complying with the law and protecting workers' rights. in order to operate correctly Prevent disputes and build good relationships between employers and employees This article summarizes key points of the latest labor law. Personnel management should know!

Announcement of the Ministry of Labor on the minimum wage rate 2024

Announcement from the Ministry of Labor regarding the minimum wage rate (No. 12) which has been announced to be effective. From January 1, 2024, the minimum wage rates throughout the country are set as follows.

370 baht 1 Province : Phuket
363 baht 6 provinces: Bangkok, Nakhon Pathom, Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhon
361 baht 2 provinces: Chonburi, Rayong
352 baht 1 Province : Nakhon Ratchasima
351 baht 1 Province : Samut Songkhram
350 บาท 6 จังหวัด : พระนครศรีอยุธยา , สระบุรี , ฉะเชิงเทรา , ปราจีนบุรี , ขอนแก่น , เชียงใหม่
349 baht 1 Province : Lopburi
348 baht 3 provinces: Suphanburi, Nakhon Nayok, Nong Khai
347 baht 2 provinces: Krabi, Trat
345 baht 15 provinces : Kanchanaburi , Prachuap Khiri Khan , Surat Thani , Songkhla , Phang Nga, Chanthaburi , Sa Kaeo , Nakhon Phanom , Mukdahan , Sakon Nakhon , Buriram , Ubon Ratchathani , Chiang Rai , Tak , Phitsanulok
344 baht 3 provinces: Phetchaburi, Chumphon, Surin
343 baht 3 provinces: Yasothon, Lamphun, Nakhon Sawan
342 baht 5 provinces: Nakhon Si Thammarat, Bueng Kan, Kalasin, Roi Et, Phetchabun
341 baht 5 provinces: Chainat, Sing Buri, Phatthalung, Chaiyaphum, Ang Thong
340 baht 16 provinces : Ranong , Satun , Loei , Nong Bua Lamphu , Udon Thani , Maha Sarakham, Sisaket , Amnat Charoen , Mae Hong Son , Lampang , Sukhothai , Uttaradit , Kamphaeng Phet, Phichit , Uthai Thani , Ratchaburi
338 baht 4 provinces: Trang, Nan, Phayao, Phrae
330 baht 3 provinces: Narathiwat, Pattani, Yala

Source: Ministry of Labor

Overview of the minimum wage increase in 2024

The National Wage Commission has resolved to increase the minimum wage nationwide, divided into 17 rates, ranging from 330 baht to 370 baht per day, which is an increase of 2-16 baht per day, depending on each province.

Impact of personnel management of businesses and organizations

Mainly, the effects that occur on Personnel management is that an increase in the minimum wage will affect businesses and organizations in many aspects as follows.

Rising Labor Costs : Organizations face rising labor costs. Affecting production and service costs
Intense Competition : Small and medium-sized businesses may face increased competitive pressure.
Business Strategy Adjustment : Organizations need to adjust their business strategy to cope with rising wages, such as adjusting the prices of products and services. increasing production efficiency or development of labor skills

Adaptation guidelines for Personnel Management

Human resources plays an important role in helping organizations adapt to this change:

Impact Analysis : Evaluate the impact of wage increases on businesses and organizations.
Communicate Effectively : Clearly inform employees about the wage increase.
Review the wage system : Consider restructuring the wage system to be consistent with the new wage rate.
Develop labor skills : Promote training to develop the potential of employees to increase work efficiency.
Plan a long-term strategy : Create a long-term strategic plan to deal with changes in the labor market.

Labor management strategy

Organizations can employ the following strategies to effectively manage wages.

Performance appraisal system : Links the wage system with employee performance.
Benefits Program : Offers additional benefits programs to attract and retain employees.
Flexibility to work : Offer flexible working options, such as working from home. or working according to the specified time
Development Opportunities : Support the development of employees' potential through training and education.

Unlock the full potential of your organization's human resources.

FDI Accounting & Advisory Human resources consulting company Ready to support your organization Both human resource management and other related areas. With more than 28 years of experience and expertise, we help you manage your human resources effectively. Develop the potential of employees and achieve business goals

Our Services

Human resource consulting : Covers HR strategic planning, employment management. Development and training, evaluation, compensation management, labor law, and more.
Outsource HR work : Helps lighten the HR workload, giving you time to focus on core work. Our services cover tasks such as employee selection. Document preparation, payroll, etc.
Training : Develop employees' skills and knowledge. With a variety of courses Matches the needs of the organization
Coaching : Develop employees' potential Help them work more efficiently. Achieve the goal and grow in the line of work

Why chooseFDI Accounting & Advisory ?

Expert Team : Our team has experience and expertise. Ready to give professional advice and advice.
Customized Services : We design our services to meet your organization's needs.
Tangible results : Our services help you achieve your business goals.
Value : We offer our services at reasonable prices.

Special! Add Line Official: @fdigroup Press to receive discounts up to 20% on all services today – 31 May 2024 only!

FDI Accounting & Advisory Total Business Consulting Service, Completely comprehensive all-in-one place!

🩵 Facebook : FDI Group – Business Consulting