Hi, I am from India have been shuttling to Bkk for work for quite a while.
I would be relocating to my company's Thai branch in a couple of month, and I am about to have some kind of salary discussion with the management.
I was trying to work out some numbers to justify what would be an equivalent good salary in THB compared to my salary in India.
I have asked around and understand that 2-3 times higher in Thailand is the general opinion however I want some references or more logical approach to it to be able to justify better numbers in case I am provided a bad deal.
I have looked into it in two ways
a) looking at cost of living comparison at a site like numbeo.com here : https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=India&country2=Thailand&city1=Bangalore&city2=Bangkok
(this shows that for maintaining a similar standard of living for every 1 INR in India, I need 1.02 THB in Thailand)
b) to compare the difference between median salary for a variety of jobs in line with my job (Business Development, Sales, Marketing, Finance, etc) in India vs Thailand from payscale.com.
something like this
BD Manager in India : https://www.payscale.com/research/IN/Job=Business_Development_Manager/Salary
BD Manager in Thailand: https://www.payscale.com/research/TH/Job=Business_Development_Manager/Salary
(I have done such salary comparison for a variety of roles I could think of which my job kinda covers and over 10-15 odd such jobs, the average difference was coming out at that for 1 INR in India, similar job gets paid 1.53 THB in Thailand. )
Now these two are quite a bit different numbers and I was hoping to see if anyone on the forum had done similar analysis. Expecting the same case as mine of shifting from India to Thailand might be too much to expect or hope for, but I am sure most expats would have to look at similar things at some point of time.
I would highly appreciate if members here can give their view on how to approach this in a better way.
This being my first post here, feel free to let me know if I am breaking any forum rules or should modify this post somehow.
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Expat salary adjustment for cost/standard of living
in Jobs, Economy, Banking, Business, Investments
Posted
Hi, I am from India have been shuttling to Bkk for work for quite a while.
I would be relocating to my company's Thai branch in a couple of month, and I am about to have some kind of salary discussion with the management.
I was trying to work out some numbers to justify what would be an equivalent good salary in THB compared to my salary in India.
I have asked around and understand that 2-3 times higher in Thailand is the general opinion however I want some references or more logical approach to it to be able to justify better numbers in case I am provided a bad deal.
I have looked into it in two ways
a) looking at cost of living comparison at a site like numbeo.com here : https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=India&country2=Thailand&city1=Bangalore&city2=Bangkok
(this shows that for maintaining a similar standard of living for every 1 INR in India, I need 1.02 THB in Thailand)
b) to compare the difference between median salary for a variety of jobs in line with my job (Business Development, Sales, Marketing, Finance, etc) in India vs Thailand from payscale.com.
something like this
BD Manager in India : https://www.payscale.com/research/IN/Job=Business_Development_Manager/Salary
BD Manager in Thailand: https://www.payscale.com/research/TH/Job=Business_Development_Manager/Salary
(I have done such salary comparison for a variety of roles I could think of which my job kinda covers and over 10-15 odd such jobs, the average difference was coming out at that for 1 INR in India, similar job gets paid 1.53 THB in Thailand. )
Now these two are quite a bit different numbers and I was hoping to see if anyone on the forum had done similar analysis. Expecting the same case as mine of shifting from India to Thailand might be too much to expect or hope for, but I am sure most expats would have to look at similar things at some point of time.
I would highly appreciate if members here can give their view on how to approach this in a better way.
This being my first post here, feel free to let me know if I am breaking any forum rules or should modify this post somehow.
Thanks !