The country's unemployment rate is also set to increase to 3-4%, a level not seen since the 1997/98 Asian financial crisis.
The COVID-19 outbreak has already seen 7 million jobs lost in Thailand, the second-largest economy in Southeast Asia.
The companies are recognised for their business integrity and corporate citizenship after being named in the 2020 World’s Most Ethical Companies list.
Asia has the highest level of employee engagement globally as three of its countries took up top three spots in the Employee Engagement Score.
How much are individuals and businesses being taxed in South East Asia? Read more to find out how much tax different countries are imposing.
Let’s take a look back on some of the biggest news in the region that have made 2019 one of the most defining years in the employment world.
Bangkok-based Infofed will use a new injection of funds to expand its presence in Southeast Asia and spark job creation.
Whether it is by the beach, or in the mountainous jungle, Thailand offers an enviable world of MICE destinations for every organisation to consider.
Pressure is growing on the Thai government to review out-dated immigration rules to avoid scaring off foreign talent and investment.
The two ASEAN economies both want to woo companies away from China amid its political and economic tensions.
General Motors is laying off workers in Southeast Asia’s competitive auto market but pledges its ongoing commitment to Thailand.
Over five years, Jeff Lee, Chief People Officer at Agoda has transformed its HR department into a far more tech-driven and agile team.
Thailand's labour force is facing a crisis due to the country's low birth rate and rapidly ageing population.
Keeping the leadership pipeline robust is a high business priority at Thai conglomerate CP Group, as part of its Industry 4.0 gameplan.
To boost e-commerce capabilities, Thailand is establishing up the first e-commerce park dedicated to digital training.
Thai conglomerate CP Group has far-reaching international aspirations, and it is looking to its 300,000 plus workforce to drive these ambitions.
So-called post-millennials – those born after 1996 and known as Gen Z – are expecting technology to take centre stage in their careers.
The Department of Employment in Thailand have warned Thai job seekers against 'Canadian' farm worker job scams online.
The move from Bangkok accompanies the energy giant's plans to double its Asia-Pacific workforce over the next 10 years.
Oakwood Hotel and Residence Sri Racha was named the best corporate-level MICE player in Southeast Asia, in a first for the Readers’ Choice Awards.
The multi-national company, known for its bananas, is already being sued by the Burmese government for a separate issue.
The Chief People Officer of Thailand's "national champion" company Thai Beverage has had an impressive career journey so far.
According to recruitment experts, companies now look for candidates who have a good grasp of all the business functions.
Unless Thai university graduates have the relevant technology competencies, mass unemployment will be a real threat.
A new agreement between Myanmar and Thailand will provide a legal pathway for trained fisheries workers to gain employment in Thailand.
Thailand's work permits now allow the holders to change employers within Thailand, rather than being tied to their original role and organisation.
154 businesses have been charged after sweeping checks involving almost 2,500 employers and 50,000 foreign workers.
In this exclusive interview, the newly-appointed Chief People Officer of Thai conglomerate CP Group Kulshaan Singh shares how he plans to be a bridge between the business and its people.