source: The Nation
Thailand ranks eighth out of 47 in a new global survey of senior management salaries, according to a recent survey by Hay Group.
The survey is based on relative purchasing power and takes into consideration cost of living and taxation levels.
The Hay Group survey issued today around the world shows that Thailand's executives have more real disposable income after tax than all but seven countries: Saudi Arabia (1st place followed by) UAE, Hong Kong, Russia, Turkey, Mexico and Ukraine. Singapore was in ninth position.
The Hay Group survey said the findings highlight the fact that emerging economies offer the best executive finance packages.
At the same time affluent western countries such as Finland, Denmark, Sweden, Norway, UK and Canada all ranked 40th or below. The United States (24th), Australia (26th) and Japan (27th) were mid-table.
The study used Hay Group's globally consistent data from its PayNet system, which shows the true purchasing power of managerial pay. PayNet allows meaningful comparisons to be made in all the 47 countries where the Hay Group operates.
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