Thailand's Top 4 Advantages as a Place to Live and Work

 

In addition to the top-quality food, gorgeous beaches and relaxed attitude there are many reasons Thailand is among the most sought-after destinations for tourists around the world. The thing that many aren't aware of, however is Thailand is also an ideal location for returnees, expatriates as well as highly educated Thais to make money.

Here are some convincing reasons to consider for why this Land of Smiles isn't just the perfect holiday destination and an area of opportunities too as suggested by Headhunter Thailand.

1. A hub for business in Southeast Asia

Thailand isn't a foreign country to many of the largest international corporations in the world. The central area of Bangkok houses regional branches of banks from around the world like Barclays, Credit Suisse, Deutsche Bank and HSBC, and a myriad of companies in the tourism or transport sectors (especially airliners).

The country's second-largest economies in Southeast Asia are supported by the fact that Thailand has a smaller, yet growing startup culture. Although it isn't as vibrant as its neighbors like Singapore, Indonesia and Vietnam however, it's local startups shows potential.

2. A longing for skilled talent

While three-quarters of the Thai work workforce is employed in the agricultural sector, they only contribute 11.6 percent of the country's GDP. This is the reason what has led to the Thai government has changed their efforts recently to boost Thailand 4.0.

The drive for digital transformation will surely increase the demand for digital talent both from within and outside. For instance, jobs that were never before available like performing marketing SEO, CRM, and SEM will be in great demand. The increasing importance of big data in the business world will also lead to a growing demand for digital professionals who know how to handle the analysis of big data.

3. An advantage in competition for Thais

If we talk about Thailand 4.0 it is expected that businesses will employ expatriates to help establish a solid base in these high-tech regions -- at most for the time being. In the future the demand for skilled locals will grow due to a number of factors.

One is that locals typically offer lower compensation packages, which means Thai employers will have more incentive to recruit locals. Employers don't need to get the necessary visas and work permits to Thais This makes the hiring process easier for employers. Additionally with regards to the workplace culture, employing locals implies that there aren't any cultural barriers in workplaces to learn about -It's just plug and play, in essence. This means less time to recruit for employers as well as an edge in competitiveness when it comes to highly educated Thais seeking employment.

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4. The cost of settlement is low.

Thailand is located in the vicinity of many of the costliest cities around the globe for expats. According to report by Mercer's 2019 Global Talent Trends study eight of the top 10 cities that are the most expensive that are a good choice for foreigners is Asian cities. The closest cities to Thailand are Shenzhen (which is ranked as in the 10th spot), Singapore (which ranks third) and Hong Kong (which, unsurprisingly places at as No. 1).