As technology vendors including new industry players, try to gain market share in Thailand, this boost spells great news for infocomm technology (ICT) professionals in the kingdom.
Peter Fischbach, president of Bangkok-based ISM Technology Recruitment, said it presents good opportunities for those who have a proven track record of successfully selling, and/or implementing technology products and services.
The IT, Web and telecom sector is a competitive one in much of the world, and Thailand is no exception. In fact, 63.1 percent of Thai respondents in the ZDNet Asia IT Salary Benchmark Survey 2008 were from this sector.
Fischbach noted that demand for qualified permanent and contract IT professionals in other industries, especially financial services, remains strong as well.
According to the ZDNet Asia survey, which polled 971 complete responses from Thailand, those working in Thailand's legal and finance sector had the highest average annual salary at 801,346 baht (US$24,922).
The average annual IT salary in Thailand stood at 746,096 baht (US$23,204).
While 93.2 percent of respondents from the country were working full-time, Fischbach noted that contract rates in Thailand are usually 25 percent to 30 percent higher than the applicable salary range for permanent staff in the same position.
He added that the rates are also significantly affected by variables such as the length of a contract.
"The company hiring their services is willing to pay more because it gets the best specialist resources, but need not commit to a long-term employment relationship," Fischbach explained, in an e-mail interview with ZDNet Asia.
"That flexibility has a real financial value to the company, and some part of that value translates into the rates paid to the contractor being higher than salaries paid to permanent staff," he said.
Overall, Fischbach noted the rate of salary increases in Thailand has slowed, and in some cases "is merely holding steady". For candidates who have sought-after skills, and especially if they also have good English, "demand remains healthy and the salaries good", he added.
Over the next quarter, Fischbach expects IT salaries in Thailand to remain mostly unchanged, or increasing only slightly for certain high-demand skills.
"The outlook for the rest of the year is more difficult to assess," he noted. "If the government follows through on its promises to be supportive of foreign investment, then IT salaries should see an upturn as demand for the leading-edge skills which global companies require outpaces the local supply."
IT Salary Benchmark Survey 2008
ZDNet Asia conducted an online survey between late-2007 and early-2008 to gain insights into Asia's IT workforce and salary trends. It drew 21,635 respondents from sectors such as government, healthcare, IT, services, telecommunications, legal and finance, and across seven Asian economies: Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
Some 971 respondents were polled from Thailand, 78.8 percent of whom held jobs in the IT, Web and telecom sectors.
Note: In the following charts, THB denotes the Thai baht.
Average Annual Salary by Industry
|Government Education and Health||IT, Web & Telecom||Legal and Finance||Media, Marketing and Sales (non-IT)||Manufacturing, Services and Others (non-IT)||Combined|
|THB 1,275,386||THB 1,155,744||THB
|THB 795,019||THB 629,684||THB
|THB 554,850||THB 440,770||THB
|Communications||NA||THB 522,372||THB 391,956||THB
|THB 347,467||THB 1,486,356||THB
|Other IT Professionals||THB
|THB 860,959||THB 1,891,561||THB
|THB 765,718||THB 801,346||THB
Average Annual Salary of the Top Five IT Skills
|% of Respondents||IT Skills||Average Annual Salary|
|54.1%||Application Development||THB 726,384|
|36.1%||Servers/ Networking||THB 727,070|
|35.9%||System Administration||THB 712,525|
|33.6%||Database Management||THB 733,464|
|33.1%||Desktops/ Software||THB 706,543|
Average Annual Salary by Job Function and Employment Status
|Job Function||Employment Status|
|IT Management||THB 1,056,518||THB 1,151,419||THB 1,147,537|
|Project management||THB 1,155,804||THB 681,805||THB 739,119|
|Systems Development||THB 396,598||THB 548,928||THB 542,965|
|Communications||THB 105,492||THB 572,799||THB 540,005|
|Support||THB 549,956||THB 380,616||THB 383,304|
|Other IT Professionals||THB 1,490,727||THB 809,150||THB 871,112|
|Overall||THB 963,194||THB 730,263||THB 746,096|