Thailand HR Strategy Playbook 2024

Absenteeism

Production

Price Waterhouse Cooper studied correlation between people drivers and business performance using a linear relationship with company size and discover that

Wellbeing

Turnover

Training

Development

Workplace stress

12.6%

Leadership

Improving all drivers from average to high could yield 12.6% increment of total revenue

External CSR

Compensation

Autonomy

Impact on

Diversity

Absenteeism Turnover Production

Work Environment

Schedule satisfaction

0

0.5

1.0

2.0%

Source : PWC, 2023

1.5

“ Your company needs to define what HR means. Too often, the HR space is defined and inundated with initiatives responding to the latest work challenges (e.g., great resignation, quiet quitting, hybrid work, CEO pay ratios, skill-based pay, etc.). These interesting and popular initiatives often are independent efforts neither integrated with other initiatives nor cumulating and building on previous work ”.

Dave Ulrich, 2023

Organization achieve

HR implement

Employee Results Sentiment, Experience, Productivity

initiatives that uplift Competence of Workforce

Strategic Results Strategic Realization, Reinvention

initiatives that build Leaders and Leadership pipeline

Customer Results Customer Perception, Share

initiatives that enhance Organization capability, Workplace or Team collaboration

Financial Results Cash flow, Investor Confidence (P/E ratio)

initiatives about Purpose, Engagement, Culture

Community Results Social citizenship, Reputation (ESG)

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