BANGKOK,THAILAND - Media OutReach - 15 November 2018 - Theaverage salary increase across industries surveyed in Thailand is expected torise slightly from 5.2% to 5.3% in 2019, according to the Total CompensationMeasurement (TCM) Study and Benefit Survey 2018 conductedby Aon(NYSE: AON), a leading global professional services firmproviding a broad range of risk, retirement, and health solutions. Companies inthe Life Sciences industry (Pharmaceutical) report the highest increase rate at7.2% as a result of superior business performance across the industry and anincreased focus on retaining good talent. 

Performancelevel of employees continues to drive pay with top performers getting higher totalvariable pay than other employees on average.

Thesurvey also reveals that turnover rate in 2018 has increased to 16.9% from16.6% in 2017. This is driven mainly by a growing job market and a youngerworkforce. From the study, top three reasons that attribute to turnover are 1) better externalopportunity, 2) limited growth opportunity internally, and 3) equity ofcompensation.

Mr.Panuwat Benrohman, Partner and Managing Director--Talent, Rewards and Performance, Aon Thailand said: "Increasein turnover isn't surprising in the current business landscape. The newgeneration workforce generally does not want to wait for a year to earn anaverage salary increase when they can get a much higher increase with a changeof employer." 

Other key findings of theThailand TCM Study and Benefit Survey 2018 are:

• The average bonus rate is at 2.03 months or 16.94%of annual base salary.
• Top five employee benefits provided byorganisations in 2018 are:

1.Medical Inpatient

2.Medical Outpatient

3.Retirement Benefit (Provident Fund)

4. GroupAccidental Insurance 

5. LifeInsurance

• Highest employee benefits costs aretowards:

1. Company Car and Transport Allowance

2. Retirement

3. Medical Outpatient

• Benefit strategy over the next threeyears will focus on evaluating new benefits to suit employees' evolving needsto boost engagement.

Mr.Panuwat added: "The key challenge faced by HR professionals in this age ofdisruption is how to attract and retain the right talent, as well as maintainhealthy dynamics between new and existing employees. Thai companies must investin creating a holistic employee experience and motivate current and future toptalent to achieve theirbusiness objectives."

The Total Compensation MeasurementStudy and Benefit Survey includesmore than 1,700 participating organisations across 180 countries around theworld. This year, there were 146 participating organisations across all keyindustries in Thailand.

AboutAon

Aon plc (NYSE:AON) is aleading global professional services firm providing a broad range of risk,retirement and health solutions. Our 50,000 colleagues in 120 countries empowerresults for clients by using proprietary data and analytics to deliver insightsthat reduce volatility and improve performance.

Aon announced in May2018 it will retire the business unit brands of Aon Benfield and Aon RiskSolutions, which follows the retirement of the Aon Hewitt business unit brandin 2017. This move was designed to increase the rate of innovation across thefirm and make it easier for colleagues to work together to bring the best ofAon to clients. Aon has five specific global solution lines: Commercial RiskSolutions, Reinsurance Solutions, Retirement Solutions, Health Solutions andData & Analytic Services.

For further information on our capabilitiesand to learn how we empower results for clients, please visit https://apac.aonhewitt.com