THAILAND Table of Contents Introduction .....................................................................................................................................3 About This Report ..........................................................................................................................5 Definitions .......................................................................................................................................8 Country Analysis ...........................................................................................................................10 Exchange Rates ............................................................................................................................30 About Towers Watson Data Services .........................................................................................31
Country Analysis Each country chapter is structured as follows Executive Summary
Car allowance review Eligibility for petrol allowances Measurement for petrol allowance Petrol allowance amount Petrol allowance provided on top of other benefits Petrol allowance review Promotion/Change of position on Car/petrol allowances
Profile of Participants Overall Policy Type of policy Decision-making Policy review Company Cars Eligibility Type of company car Financing methods Car allocation criteria Running costs Replacement period Promotion/Change of position Private Use of the Company Car Car Allowances/Petrol Allowances Eligibility for car allowances Measurement for car allowances Car allowance amount
2011/2012 Company Car Benefits Survey Report - Thailand
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Reimbursement Eligibility Type of provision Coverage of reimbursement Measurement of mileage rate Mileage rate Mileage rate review Mileage reimbursement provided on top of other benefits
About This Report Report Features
The 2011/2012 Company Car Benefits Survey Report provides comprehensive analysis on car policies from leading companies in Asia. Car policies studied are company car, car allowance, petrol allowance, reimbursement, and car loan/car ownership plan. The full report covers 12 countries/locations: China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. All the data contained in this report has been carefully collected and reviewed for validity, accuracy, and reasonableness by Towers Watson consultants. Following computer-aided analysis of the data submitted, participants were recontacted to discuss and review any data that could potentially distort the results. All information is presented as of January 1, 2011. The contents and organization of this report are designed to present a clear and comprehensive picture of car policy, company car, cash allowance, car loan, and car ownership practices in Thailand. We encourage you to review the entire report in order to derive maximum value from the information contained in it.
Report Contents
The following is a brief description of the major sections of the report. Definitions This section defines the terms used in the report. Country chapters are organized into the following sections, subject to the individual characteristics of each country: Executive Summary This section summarizes the current trends and prevailing practices of car provision in each country and the tax implications of providing a company car for employers as well as employees. Profile of Participants This section presents summary data of the size, nationality, and industrial classification of the participating companies. By reviewing this section first, you will gain a better understanding of the sources of data contained in the report. This knowledge will improve your ability to accurately interpret and apply the report results to your own company’s situation. Overall Policy This section reviews the types of policies offered: company cars, car allowances, petrol allowance, reimbursement, and car loan/car ownership plan. Analysis for decision-making, issues in policy review.
2011/2012 Company Car Benefits Survey Report - Thailand
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ABOUT THIS REPORT
Company Cars This section forms the main part of the country analysis. Analysis includes eligibility, financing methods, allocation criteria, running costs, changes of position, replacement policies, contribution for private use of cars, car makes and models, and purchase price. Car Allowances/Petrol Allowances This section reviews the prevailing car and petrol allowance practices. Key items covered are eligibility, annual amount, measurement criteria, policy updates, and changes of position. Reimbursement This section covers key items such as eligibility, types of provisions, reimbursement amount, coverage of reimbursement, and mileage claim. Car Loan/Ownership Plan (this section will only be presented if there is sufficient data) This section covers key items such as eligibility, arrangement, loan amount, years of service requirement, repayment period, and interest rate. Appendices This section includes an exchange rate table and a brief description of Towers Watson Data Services.
Survey Methodology
The survey sample includes companies of various sizes and from numerous industry sectors. The tables and figures in the report illustrate the scope of the survey sample. The data included in this report is the result of the data collected through an online questionnaire specific to car policies.
How to Read the Survey Results
Participants in the Company Car Benefits Survey Report - Thailand are companies who offer at least one of the car policies studied. Before looking at the survey results, it is important to review the "Overview" section of "Executive Summary" to gain an understanding of car benefits provision in the market.
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ABOUT THIS REPORT
How to Read the Figures
All the figures presented are percentages of the companies responding to the questions except where otherwise specified (i.e. results calculated on individual data). The percentages should be given the following interpretation: When the answer consists of ONLY ONE item, the percentage represents the companies answering “Yes” to the question, among all the companies responding either “Yes” or “No.” When the answer consists of MORE THAN ONE item, the percentages represent the companies responding “Yes” for each item among all the companies who ticked at least one item. In the majority of the tables, the sum of all percentages may exceed 100, as a company may combine several options. This is especially the case when different policies apply to different categories of employees. A dash “–” indicates that the question was not answered or there was insufficient data.
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IV. Company Cars Percentage of companies providing company car is 77%.
% 100 80 60 40 20 0 CEO/GM
Snr Mgmt
Mid Mgmt
Non-sales and marketing
A. Eligibility for Company Cars (only those providing the benefit)
Snr Mgmt
Mid Mgmt
Rep
FS Empl
Sales and marketing
Employee Category
Percentage of Companies
CEO/CM/GM
94
Non-sales and marketing a. Senior management
47
b. Middle management
18
Sales and marketing a. Senior management
41
b. Middle management
35
c.
Representatives
24
Field service employees
12
B. Type of Company Car
Percentage of Companies Non-job Requirement
Employee Category CEO/CM/GM
Job Requirement/ Need Cars
Pool Cars
31
50
25
a. Senior management
63
63
–
b. Middle management
33
33
–
a. Senior management
14
29
–
b. Middle management
–
50
–
c.
–
50
–
Non-sales and marketing
Sales and marketing
Representatives
* As some companies reported more than one choice, the total percentage may exceed 100.
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IV. COMPANY CARS
E.
Running Costs
1. Percentage of companies paying for company car running cost is 82%. 2. Running costs (percentage of companies paying) Non-Sales and Marketing
Sales and Marketing
CEO/ CM/GM
Snr Mgmt
Mid Mgmt
Snr Mgmt
Mid Mgmt
Rep
Registration
56
50
100
71
83
75
Insurance
56
50
100
71
83
75
Maintenance and repair
50
63
100
71
83
75
Fuel/Petrol cards
81
63
100
71
83
75
Toll fee
69
38
33
43
50
50
Road tax
63
50
67
57
67
75
Chauffeur
63
25
33
14
17
–
Company car park
75
50
33
43
50
50
Residential car park
25
–
–
–
–
–
Car wash
50
13
–
29
33
50
Traffic fines
25
13
–
–
–
–
* As some companies reported more than one choice, the total percentage may exceed 100.
3. Types of policy adopted to cover running cost Non-Sales and Marketing
Sales and Marketing
CEO/ CM/GM
Snr Mgmt
Mid Mgmt
Snr Mgmt
Mid Mgmt
Rep
Cash allowance
19
13
33
14
17
25
Reimbursement by mileage
19
13
33
14
17
–
Reimbursement by item
75
63
67
57
67
50
Directly paid by company
75
50
67
57
67
50
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VI. Reimbursement Percentage of companies providing reimbursement is 55%.
% 100 80 60 40 20 0 CEO/GM
Snr Mgmt
Mid Mgmt
Snr Mgmt
Non-sales and marketing
A. Eligibility for Reimbursement (only those providing benefit)
Mid Mgmt
Rep
FS Empl
Sales and marketing
Employee Category
Percentage of Companies
CEO/CM/GM
50
Non-sales and marketing a. Senior management
58
b. Middle management
75
Sales and marketing
B. Type of Provision
a. Senior management
50
b. Middle management
58
c.
Representatives
50
Field service employees
75
Percentage of companies providing Non-Sales and Marketing
Reimbursement without limit Mileage reimbursement (rate per km)
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Sales and Marketing
CEO/ CM/GM
Snr Mgmt
Mid Mgmt
Snr Mgmt
Mid Mgmt
Rep
FS Empl
100
100
100
100
100
100
100
50
71
89
83
86
100
89
