Top Payroll Services Companies in Thailand

The payroll services industry in Thailand has witnessed significant growth in recent years, driven by factors such as evolving labor laws, the proliferation of small and medium-sized enterprises (SMEs), and the increasing adoption of digital technologies. This article explores the key statistics from 2022, factors contributing to the industry's growth and success, a comparison of each industry's growth to previous years, key trends including technological disruptions, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
3PPROFESSIONAL10 +66 2 168 7688
3p@3pprofessional.com

Expand or run project in Thailand without setting up subsidiaries or local entities. We take care of Staffing, Payroll, Payments, Local and IC Compliances, Taxes and Benefits while you focus on growing up your business or completing your project 3P Professional Co., Ltd. is Thailand leading HR services provider with experience more than 20 years. We have 2,000+ outsourced staffs across Thailand. We have client both internationally and domestically spread throughout different sectors i.e. bank, hospital, technology, electronic, factory, private company, government and more. Were here to support you to make you grow or complete your task efficiently and worry-free about HR job.

INFO SYS ASIA CO., LTD.6 +66 81 901 8877
info@infosysasia.com

ISA (officially known as Info Sys Asia), Founded in 2006. With leverage experience of Professional. ISA has a base strength of 100+ employees and is likely to grow significantly in the near future as a result of the rapid growth of our customer base around the world. Info Sys Asia ISA is part of a global consortium existing from 20+ Years with a specialization in Information Security and IT. We are dedicated to delivering end-to-end total IT solutions to our respected customers, our range of expertise includes software design for insurance, banking, financial services, manufacturing, telecom, government, retail, petroleum, software, technology, utilities, and consumer web product companies. It is the mission of Info Sys Asia to provide with state of the art technology to the customer for enhancing their positions in the competitive marketplace.

ADI RESOURCING160 +66 86 908 2241
salesmgr@adiresourcing.com

THAILAND - INDONESIA - SINGAPORE - INDIA - PHILIPPINES - MALAYSIA - VIETNAM ADI team is one of the leading staffing company with over 15 years of experience providing full service of staffing and talent management solutions to global and local companies in Asia. Our comprehensive staffing service offers a proactive solution-driven response to our clients and candidates with extensive expertise in specialized IT Staff Outsourcing, Permanent & Contracting Recruitment, Contract Management and Payroll Service with immense professionalism Building on our success we are now operating in Seven Southeast Asian countries Thailand, Indonesia, Philippines, Vietnam, India, Singapore and Malaysia with highly proficient expertise that possesses invaluable market insight and a deep understanding of their respective fields. ADI comprises a passionate team supporting more than 100 international and national companies with a large employee base of 200+ Technical Staff (IT Programmers, System Analys…

PINNACLE X OUTSOURCING4 +66 2 114 7262
info@pxoutsourcing.com

Pinnacle X Outsourcing was founded on one simple idea: to help companies like yours maximize their potential.   Depending on where youre at, that might mean helping you set up or expand your operations in Thailand. Or it could mean providing you with HR and administration solutions, so you can focus more on your core business. Either way, were here to help you achieve your business goals.   Before starting Pinnacle X, we spent nearly two decades in human resources and business administration at both Thai and international companies working on both the corporate and agency sides of the business. As a result, we understand the challenges your company faces — and how to leverage our services to best serve your needs.   Over the years, weve also learned that experience and knowledge alone are no longer enough to deliver quality results in HR, whether in payroll administration, staff outsourcing, or other areas. The world changes every day and organizations need to adapt to stay successf…

PKF THAILAND63 +66 2 108 1599
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PKF Thailand is a professional services firm headquartered in the heart of the financial district of Bangkok and is a member of PKF Internationals global family of legally independent firms. PKF is also the only global accounting firm with an active branch in the Eastern Seaboard – heart of the governments Eastern Economic Corridor initiative. With highly skilled and experienced management and staff, PKF Thailand has worked relentlessly to establish itself as the firm of choice for both international and local clients alike. PKF has exceptionally high governance standards and controls and is licensed by Thailands SEC to carry out audits on public listed companies. The PKF International network consists of over 400 offices, operating in 150 countries across five regions. We specialise in providing high quality audit, accounting, tax, and business advisory solutions to international and domestic organisations in all our markets.

BAKER TILLY THAILAND68 +66 2 679 5400
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Baker Tilly is a full service consultancy practice based in central Bangkok providing Audit, Transaction Advisory (debt/equity), Internal Control, Process and HR Consulting, Accounting and Payroll Outsourcing and Tax Advisory. The practice is managed by seasoned professionals with a wealth of experience in their areas of expertise. We combine the best of our extensive local experiences with global expertise through Baker Tilly International to assist clients in developing the best solutions for their businesses. Baker Tilly Thailand, through our well-established advisory team focus on the best way to add value to clients business. We want to ensures our clients receive complete and timely advice and are most suited to their needs. Baker Tilly is worldwide the 8th largest Accounting Firm represented by 28,000 people in 141 countries. Baker Tilly is a global network of high quality, independent accountancy and business services firms, all of whom are committed to providing the best p…

SMART SEARCH RECRUITMENT26 +66 2 714 8088
info@ssrecruitment.com

Smart Search works with global organisations to source and secure top tier talent for existing or new business operations in Thailand. We offer a commitment to place ‘best-fit executives and to help our clients lead and manoeuvre their business in the dynamic and fast paced South East Asian market. Since 2008, we have been working hard to develop our reputation as a reliable and trusted partner. We work exclusively with multinational companies with strategic developments in Thailand. We are deliberately small, allowing speed and flexibility and enabling us to deliver customized search solutions with a personal touch. We do not hype ourselves through marketing schemes and let our actions speak for themselves. We want to be determined by the substance of our achievements for our partners. With a focus on business acumen and emotional intelligence, we aim to help clients understand their human capital, compete more effectively, and grow exponentially.

JACKSONGRANT29 +66 2 653 3998
support@jacksongrant.io

JacksonGrant was established in 2012 to address the needs of the growing number of multinational companies looking for a customized and personal approach to recruitment in Southeast Asia coupled with extensive local knowledge and experience. Our core business model centers on actively identifying and connecting our clients with technical professionals, middle management and senior management executives with the right skill sets for the job. JacksonGrants approach involves working closely with each client to deeply understand their requirements with our clear vision of multinational expectations. We understand how competitive the war for talent is in the modern market and specialize in assisting our clients identifying and retaining high-potential local candidates to build a talent pipeline of future leaders for their organizations. We achieve this by providing a consultative approach to finding human resource solutions and becoming a Trusted Advisor by going beyond candidate rec…

ADITYA GROUP THAILAND(blank) +66 2 665 7305
contact@adityagroupthailand.com

Aditya Group is a dynamic and adaptable startup and management consulting firm that provides tailored solutions and strategic insights to businesses. With a pragmatic hands-on approach, they initiate startup projects, enhance business operations, and execute projects efficiently to meet client satisfaction. Boasting a diverse team of experienced professionals and passionate young talents from around the world, Aditya Group has been serving business owners in Thailand for over 20 years. Their expertise spans across 21 industries, and they have made investments in various ventures, including: 1. Startup & Business Consulting: Offering comprehensive solutions for new business management, Thailand representation, and business development. 2. IT Business: Specializing in cybersecurity, web development, and being a distributor of McAfee products. 3. Recruitment: Providing manpower recruitment, staff augmentation, and payroll processing services. 4. Trading: Dealing with commodities, sus…

Q ELITEZ - HR OUTSOURCING5 +66 2 168 8098
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Established in 2018, we are a joint-ventured company between Q Associated group of companies and Elitez group from Singapore. Most of our services are focused on peoples management. We provide HPO (Human process outsourcing), RPO (Recruitment process outsourcing), Payroll outsourcing and Staffing Outsourcing.

ACCOUNTING PLUS CO., LTD.4 +66 2 090 9639
hello@accountingplus.asia

Accounting Plus goes beyond the digits to bring you tax and accounting services in Thailand with a relationship built on trust and friendship. Your all-in-one solution. Our services include: Accounting services Taxation services Customised payrolls Consultancy and auditing

B-ACCOUNTING CO., LTD18 +66 2 026 3290
info@b-accounting.com

B-accounting is a Multilingual Accounting firm based in Bangkok (Thailand). Our consultants provide their expertise in Taxation & Accounting to a wide and diversified range of firms & organisations. Feel free to contact us for a free consultation. Services: payroll, accounting and tax outsourcing / Advisory / Statutory Auditing B-accounting est un cabinet daudit et de comptabilite francais base a Bangkok (Thailand). Nos consultants offrent leur expertise en Taxes et Comptabilite a une large gamme de clients. Nhesitez pas a nous contacter pour une consultation gratuite. Services: Externalisation de la paie, de votre comptabilite et de votre fiscalite / Conseil / Audit Legal. Contact: vincent@b-accounting.com

SAITECH SOLUTION CO., LTD25 +66 2 643 8728
contact@saitechsolution.com

SAITECH, a premier BOI promoted company in Thailand, has earned a reputation as a unique firm in a fast-paced marketplace. We collaborate with customers to consistently and cost-effectively plan, execute, and deliver high-quality services ( Both in Recruitment and IT Outsourcing ) with results. Our Recruitment Consultants are seasoned professionals who build long-term, trusted relationships and bring a high level of energy, integrity, experience, and value to the clients requirements. Strong partnerships with best-in-class technology enable SAITECH to remain objective while working with clients to determine the Best Hires and Talent Acquisitions from a vast pool of personalized Databases. Presently, SAITECH is considered as one of the top performers in Thailand, in its area of Executive Recruitment Service and IT Outsourcing.

CONTROLA GLOBAL12 +66 2 123 3034
sales@controlaglobal.com

ControlA is an innovative authentication and recognition solutions company focused on developing next-generation systems for global access control and identity management. Our purpose is to bring new technology and innovation of Identification around the world. To achieve customer satisfaction - quality, fit for purpose, innovative products and services are our committed priority.

ADMINISTRATION OUTSOURCING CO LTD11 +66 2 684 1699
info@adminoutsourcing.com

Accounting without insight is just numbers. We provide a one-stop service that turns book-keeping entries into business strategies. Our world-class services eliminate the time-consuming financial tasks that impact decision-making by providing managers with a clear snapshot of their companys financial situation at any given time, as well as providing a clear indication of what the financial impact of decisions would be. Every business is different, and was can tailor our services to fit your needs. We are able to provide the following services: • Regular one-to-one meetings to go through your numbers and explain where you are doing well, where you are not, and how you can do more of what you are doing well. • A monthly report which will detail out the highs and lows of your companys performance for the past period, with suggested actions on how to achieve greater results. • Work with you to come up with effective business strategies which will lead to greater profitability, eith…

ORISOFT (THAILAND) CO,. LTD.16 +66 89 893 3841
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Orisoft Thailand has established as a house of service and solution for Human Capital Management and Payroll Outsourcing. Orisofts unifiedHCMS suite of solutions helps companies manage its human capital with dynamic competitive tools that is flexible, scalable and easily configurable. Its innovative solutions helps streamline processes in Payroll, Human Capital Management, Time Attendance and Employee Self Service. With its extensive regional network of qualified partners, Orisoft serves more than 400 customers in 11 Asia Pacific countries with high quality support and services.

TIGER-CONSULTING ASIA20 +66 2 684 6913
info@tiger-consulting.net

Staffed by experienced expatriate and local business professionals with detailed knowledge of regional business laws, practices and culture, Tiger-Consulting offers quality, cost effective HR, Payroll and Outsource Services to support its enterprise customers Asia Pacific operations. With the help of Tiger-Consulting, your business can immediately hire local staff, stay legal and ensure payroll, visa and work permit compliance across all Asia. We have more than a dozen offices across Asia Pacific to support enterprise client operations in Australia, Bahrein, Cambodia, China, Hong Kong, India, Indonesia, Korea, Madagascar, Malaysia, New Zealand, Pakistan, Philippines, Singapore, Taiwan, Thailand , USA, Vietnam and UAE. The entire team speaks English as well as the languages of the countries we serve. By providing quality solutions and professional advice at a competitive price, Tiger-Consulting will enable your company to open up shop across Asia. More importantly, our experience…

VINARCO GROUP OF COMPANIES73 +66 33 030 928
contact@vinarco.com

Our core business lies in the provision of highly-skilled experts and multi-discipline consultants for demanding technical and professional roles, and the delivery of out-sourced services by our own internal teams of such specialised consultants. We also offer a comprehensive range of in-market services to our Alliance Partners to represent them in markets where they are not established, and to help them prosper where they already have a presence. This has become an increasingly important part of our business as we have invested heavily in establishing full hosting capability in countries where it is difficult to manage consultants from far-distant time zones. With our advanced regional infrastructure and proven track record working with Multi-national Clients across a range of key commercial sectors, Vinarco strives to maintain the highest standards of service as the premier provider of technical consultancy services.

RSM RECRUITMENT (THAILAND) LIMITED22 +66 2 670 9002
askus@rsmrecruitment.com

RECRUITMENT SERVICES RSM Recruitment (Thailand) Limited was established in 2004 in recognition of Thailands need for professional and responsive recruitment services. Since its inception, the company has placed and retained staff of all levels, to some of the biggest Blue Chip and Fortune 500 companies operating in Thailand. EXECUTIVE RECRUITMENT & OUTPLACEMENT Fulfilling your recruitment needs one professional at a time. In keeping with all the professional services offered under the RSM umbrella, our Executive Recruitment Divisions prime focus is your companys success. We know that finding and retaining good people is one of the most challenging tasks a company faces in todays increasingly competitive environment. We are committed to sourcing candidates whose work experience, knowledge and personality match both your existing vacancy and your corporate culture. We specialize in providing executive recruitment services for mid to senior management positions across a wide rang…

PLIZZ (THAILAND)23 +66 2 821 5100
hr@plizz.co

Based in Bangkok, Plizz provides technology-powered accounting and legal services to SMEs, helping them lessen time spent in all their accounting & tax obligations so they can focus on developing their business. Our services: Our competitively priced services are available for one flat monthly fee with no hidden extras - and thats a promise! Our all-inclusive packages give you full online access to your accounting data, you can see whats been dealt with, what is pending, etc... in complete transparency with no nasty surprises: -Bookkeeping -Tax Filing & Submissions -Payroll & Social Security -Document Filing -Compliance & Finance Management -Monthly Reporting -Annual Audits -P/T Consulting -Legal services (incorporation, corporate secretarial compliance, liquidation, BOI | FBL, etc…) -Immigration services (visa & work permit) Our Solution and Team of Professionals: Our unique solution will simplify your working processes, but it is our experienced certified accountants and law…

Top Payroll Services Companies in Thailand

Key Statistics from 2022: GDP and Employment

In 2022, the payroll services industry contributed approximately THB 18 billion to Thailand's Gross Domestic Product (GDP), reflecting a growth rate of 6% compared to the previous year. This growth signifies the industry's resilience and adaptability in the face of an evolving business landscape.

Employment in the payroll services sector also saw a substantial increase in 2022, with nearly 20,000 workers employed in the industry. This growth highlights the industry's role in providing stable job opportunities to the Thai workforce.

Factors Contributing to Growth and Success: Government Initiatives

The Thai government has played a crucial role in promoting the growth and success of the payroll services industry through various initiatives:

Policy support:

The government has introduced labor law reforms aimed at simplifying payroll processes and ensuring compliance with international standards.

SME promotion:

The government has implemented policies and programs to support the growth of SMEs, which form a significant portion of the payroll services industry's client base.

Digital transformation:

The government has encouraged the adoption of digital technologies in business processes, including payroll management, through the Digital Economy Promotion Plan and the Thailand 4.0 policy.

Industry Growth: Comparison to Previous Years

The payroll services industry in Thailand has demonstrated consistent growth in recent years. In 2022, the industry's growth rate surpassed the average of the previous five years, which stood at 4.7% per annum. This growth can be attributed to the increased demand for efficient payroll management solutions, government support, and the expanding client base of SMEs.

Key Trends: Technological Disruptions

The Thai payroll services industry has embraced several technological disruptions to drive growth, innovation, and efficiency. Some key trends include:

Cloud-based payroll systems:

The adoption of cloud-based payroll solutions has enabled businesses to streamline their payroll processes, reduce errors, and ensure data security.

Integration with Human Resource Information Systems (HRIS):

The integration of payroll systems with HRIS has facilitated the seamless management of employee data and improved overall efficiency in human resources management.

Automation and artificial intelligence (AI):

The use of automation and AI technologies has improved the accuracy and speed of payroll processing while minimizing the risk of human error.

Challenges

Despite the industry's robust growth and success, it faces several challenges:

Compliance with evolving labor laws:

Keeping up with the ever-changing labor laws and regulations can be challenging for payroll service providers, particularly as Thailand continues to align its labor regulations with international standards.

Data security and privacy concerns:

As payroll services increasingly rely on digital technologies, ensuring the security and privacy of sensitive employee data is a critical concern for both service providers and their clients.

Skilled workforce shortages:

The industry faces a shortage of skilled professionals with expertise in payroll management and digital technologies, which could hinder the industry's ability to maintain its competitive edge and drive innovation.

Future Outlook

The future outlook for Thailand's payroll services industry remains promising, driven by several factors:

Continued government support:

The Thai government's commitment to promoting SME growth and digital transformation is expected to drive further growth in the payroll services sector.

Increasing demand for efficiency and accuracy:

As businesses continue to seek ways to streamline their operations and reduce costs, the demand for efficient and accurate payroll management solutions is likely to increase.

Expanding client base:

The growth of SMEs and the increasing number of multinational companies setting up operations in Thailand is expected to create new opportunities for the payroll services industry.

Conclusion

Thailand's payroll services industry has experienced significant growth and transformation in recent years, driven by factors such as government support, the proliferation of SMEs, and the adoption of digital technologies. Despite the challenges it faces, the industry's future remains bright, driven by strong demand for efficient payroll management solutions and the increasing importance of digital technologies in business processes.

To ensure sustained growth and competitiveness in the market, the Thai payroll services industry should adopt the following strategies:

Investment in employee training and development:

Payroll service providers should invest in the training and development of their workforce to ensure they possess the necessary skills and expertise to navigate the complex labor laws and regulations and implement advanced digital technologies.

Focus on data security and privacy:

Payroll service providers should prioritize the security and privacy of their clients' sensitive employee data by implementing robust data protection measures and staying up-to-date with the latest cybersecurity best practices.

Collaboration with technology partners:

To drive innovation and stay ahead of the competition, payroll service providers should collaborate with technology partners to develop and implement cutting-edge payroll solutions that leverage the latest advancements in AI, automation, and cloud computing.

Expansion into new markets:

Thai payroll service providers should seize opportunities to expand their presence in emerging markets, particularly in Southeast Asia and other fast-growing regions, to capitalize on the increasing demand for payroll management solutions.

By implementing these strategies, the Thai payroll services industry can continue to build on its success, overcome the challenges it faces, and maintain a strong position in the market. As the industry continues to grow and evolve, it will play an increasingly significant role in driving economic development and creating employment opportunities in Thailand.

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By Melissa Goh
Published on 30 May 2023