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High-Speed Market Entry into Thailand with PEO/EOR

July 9, 2020by Crystal Soh

High-Speed Market Entry into Thailand with PEO/EOR

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

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.

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 email us at sg@ayp-group.com. Let us help you with your business plans!

Copyright 2020. AYP Group. All rights reserved.

Copyright 2020. AYP Group. All rights reserved.

Copyright 2020. AYP Group. All rights reserved.