Mrs.Petcharat Sinauy, Deputy Permanent Secretary, Ministry of Labor As a spokesperson for the Ministry of Labor Revealed the criteria for determining the minimum wage in 2018 at the reception room of the Office of the Permanent Secretary, Ministry of Labor, 5th Floor, Ministry of Labor. The wage formula used to calculate the minimum wage is based on factors such as the five-year average labor productivity of each province, the proportion of the labor cost of the gross productivity of each province (GPP) ), Inflation rate of each province In addition, the inflation rate is forecasted to be in the range of 2018, the economic growth rate of 2018, and then the resulting grouping of wage rates. The neighboring provinces do not make much difference. Generally speaking, labor costs are around 7-10% of wages, depending on the type of industry, whether labor is intensive or not. If a security guard uses up to 90% of the capital, the rest will be managed and IT costs.
Mrs Petcharat further stated that the guidelines set forth by the 19th Committee on Wages to be submitted to the new committee were to urge enterprises with 50 or more employees to set up wage structures. The Labor Protection Law must be amended. The wage structure is in the law and announced in the establishment to let employees know the rise in wages each time. The annual wage increase is based on the performance of the employee. In the future, the minimum wage will evolve to the setting of hourly wage rates based on the type of employment in each category. Especially part-time jobs in the service sector.
“This minimum wage adjustment has resulted in workers benefiting from a minimum wage of more than 14 million people, including some agricultural workers,” said Mrs Petcharat in the end.
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