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Loss Control Specialist Average Salary in Thailand 2024

How much money does a person working as Loss Control Specialist make in Thailand?


Average Monthly Salary
99,100 THB
( 1,190,000 THB yearly)

LOW
51,500
THB
AVERAGE
99,100
THB
HIGH
152,000
THB
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Loss Control Specialist in Thailand typically earns around 99,100 THB. Salaries range from 51,500 THB (lowest) to 152,000 THB (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Loss Control Specialist salaries in Thailand vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Loss Control Specialist Pay Scale and Salaries in Thailand

Median and salary distribution Thailand Loss Control Specialist monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
89,700 THB or more
10% of people earn
79,900 to 89,700 THB
20% of people earn
58,300 THB or less
65% of people earn
58,300 to 79,900 THB
Minimum Salary
51,500 THB
Median
90,100 THB
Maximum
152,000 THB




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Loss Control Specialist in Thailand range from 51,500 THB (starting salary) to 152,000 THB (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 90,100 THB, half of the professionals who work as Loss Control Specialist in Thailand earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Loss Control Specialist in Thailand earn less than 74,700 THB, while 75% earn more. Similarly, the chart shows that 75% earn less than 102,000 THB while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Loss Control Specialist in Thailand compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 58,300 THB to 79,900 THB. About 20% of salaries are below the 58,300 THB mark, while 10% fall within the range of 79,900 THB to 89,700 THB. Only 5% of individuals have salaries exceeding 89,700 THB.

Salary Comparison by Years of Experience / Loss Control Specialist / Thailand

How do experience and age affect pay?

0 - 2 Years
58,500 THB
2 - 5 Years+34%
78,500 THB
5 - 10 Years+30%
102,000 THB
10 - 15 Years+21%
124,000 THB
15 - 20 Years+9%
135,000 THB
20+ Years+5%
142,000 THB
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Thailand Loss Control Specialist
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Loss Control Specialist and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 58,500 THB.

While someone with an experience level between two and five years is expected to earn 78,500 THB, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 102,000 THB, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 124,000 THB, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 135,000 THB, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 142,000 THB, 5% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Loss Control Specialist / Thailand

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Loss Control Specialist.

Bachelor's Degree
82,500 THB
Master's Degree+39%
115,000 THB
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Thailand Loss Control Specialist
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Loss Control Specialist in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 82,500 THB.


Level 2: Master's Degree

At this level, the average salary becomes 115,000 THB, 39% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Thailand costs anywhere from 486,000 THB to 1,460,000 THB and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Loss Control Specialist / Thailand

Salary comparison by gender Thailand Loss Control Specialist monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Loss Control Specialist in Thailand, the average difference between the salary of male and female employees is 9%.

Male
104,000 THB
Female-9%
95,400 THB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Thailand for all Careers

Salary comparison by gender monthly Thailand
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Average Annual Salary Increment Percentage / Loss Control Specialist / Thailand

How much are annual salary increments in Thailand for individuals working as Loss Control Specialist? How often do employees get salary raises?

Individuals working as Loss Control Specialist in Thailand are likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Thailand Loss Control Specialist
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Thailand / All Professions

Annual Salary Increment Rate Thailand
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Thailand is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Loss Control Specialist / Thailand

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Thailand Loss Control Specialist
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47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
53%
No Bonus
47%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Loss Control Specialist / Thailand


570 THB per hour

The average hourly wage (pay per hour) for individuals working as Loss Control Specialist in Thailand is 570 THB.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Loss Control Specialist in Thailand is 300 THB. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Insurance-100%
Actuarial Analyst130,000 THB+31%
Actuarial Assistant92,700 THB-6%
Actuarial Specialist95,400 THB-4%
Actuary131,000 THB+32%
Adjustment Insurance Clerk35,500 THB-64%
Assistant Broker61,900 THB-38%
Assistant Claims Manager107,000 THB+8%
Associate Insurance Representative52,800 THB-47%
Auditing Insurance Manager144,000 THB+45%
Blockchain Insurance Auditor95,900 THB-3%
Broker101,000 THB+2%
Claim Advocacy Professional102,000 THB+3%
Claims Adjuster36,600 THB-63%
Claims Analyst52,000 THB-48%
Claims Examiner52,800 THB-47%
Claims Manager146,000 THB+47%
Claims Processor38,900 THB-61%
Claims Representative42,600 THB-57%
Claims Resolution Specialist112,000 THB+13%
Claims Supervisor95,100 THB-4%
Complaints Specialist88,000 THB-11%
Compliance Examiner90,400 THB-9%
Compliance Officer84,600 THB-15%
Compliance Reviewer90,600 THB-9%
Consultant95,100 THB-4%
Drone Claims Adjuster46,600 THB-53%
Eligibility Interviewer103,000 THB+4%
Eligibility Specialist97,800 THB-1%
Insurance Account Manager123,000 THB+24%
Insurance Accounts Executive112,000 THB+13%
Insurance Adjuster92,000 THB-7%
Insurance Agent61,300 THB-38%
Insurance Analyst96,900 THB-2%
Insurance Appraiser99,300 THB+0%
Insurance Claims Clerk37,400 THB-62%
Insurance Compliance Officer116,000 THB+17%
Insurance Data Scientist95,900 THB-3%
Insurance Examiner93,500 THB-6%
Insurance Fraud Investigator79,500 THB-20%
Insurance Investigator97,500 THB-2%
Insurance Manager170,000 THB+72%
Insurance Operations Manager170,000 THB+72%
Insurance Policy Processing Clerk39,000 THB-61%
Insurance Pricing Assistant82,800 THB-16%
Insurance Product Manager114,000 THB+15%
Insurance Program Manager137,000 THB+38%
Insurance Project Manager121,000 THB+22%
Insurance Quality Assurance Agent88,800 THB-10%
Insurance Sales Agent57,400 THB-42%
Insurance Sales Director161,000 THB+63%
Insurance Sales Manager135,000 THB+36%
Insurance Sales Representative51,000 THB-49%
Insurance Team Leader108,000 THB+9%
Insurance Underwriter75,800 THB-23%
Insurtech Analyst90,800 THB-8%
Loss Control Specialist99,100 THB+0%
Loss Prevention Investigator108,000 THB+9%
Loss Prevention Manager139,000 THB+40%
Loss Prevention Specialist103,000 THB+4%
Marine Underwriter71,400 THB-28%
Medical Auditor101,000 THB+2%
Monitoring and Performance Officer72,800 THB-27%
Parametric Insurance Specialist104,000 THB+5%
Payment Services Specialist104,000 THB+5%
Peer-to-Peer Insurance Manager126,000 THB+27%
Policy Change Director157,000 THB+58%
Policy Change Supervisor110,000 THB+11%
Policy Change Technician50,000 THB-50%
Risk Analyst108,000 THB+9%
Risk Management Director189,000 THB+91%
Risk Management Supervisor124,000 THB+25%
Risk Manager188,000 THB+90%
Risk Modeling Manager191,000 THB+93%
Social Media Risk Analyst107,000 THB+8%
Title Insurance Typist86,300 THB-13%
Training Manager108,000 THB+9%
Underwriting Assistant48,500 THB-51%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Thailand is 7% on average across all career fields.

Private Sector
94,300 THB
Public Sector+7%
101,000 THB
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Loss Control Specialist in Thailand?

A good and competitive compensation would range anywhere between 90,100 THB and 102,000 THB. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Loss Control Specialist in Thailand ranges from 51,500 THB to 74,700 THB. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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