Frequently Asked Questions (FAQ)
1. What is an Employer of Record (EOR) in Thailand? An Employer of Record (EOR) is a third-party organisation that legally employs your staff on your behalf. This allows companies to hire and operate in Thailand without needing to establish a local entity.
2. What is the difference between an EOR and payroll outsourcing? While both services help manage employee payments and compliance, they serve different purposes:
Payroll outsourcing focuses mainly on calculating salaries, handling deductions, and processing payments for your existing employees.
EOR services go further; the EOR becomes the legal employer of record for your workforce in Thailand. This includes managing employment contracts, onboarding, benefits, taxes, and compliance with local labour laws.
In short, payroll outsourcing is about payment processing, while EOR is about legal employment and compliance.
3. Why should I outsource payroll in Thailand? Outsourcing payroll ensures full compliance with Thai tax, labour, and social security laws, while reducing administrative workload and minimising the risk of penalties.
4. How does Monroe ensure compliance with Thai labour laws? Our payroll and EOR team stays updated with the latest regulations from the Revenue Department and Social Security Office to ensure timely and accurate submissions every month.
5. Do my employees still work directly for my company? Yes. Your employees report to and work for your organisation operationally, while Monroe acts as their legal employer to manage contracts, payroll, and compliance.
6. Can Monroe handle both Thai and expatriate employees? Yes. We manage payroll and compliance for both Thai nationals and expatriates, including work permit and visa coordination when required.
7. How quickly can payroll services start? Once the required documents are collected and contracts are signed, payroll setup typically takes 2–4 weeks, depending on the number of employees and complexity.
8. How much do payroll & EOR services cost in Thailand? Pricing depends on the number of employees, the complexity of benefits, and the required HR support. Contact our team for a tailored quotation.
Frequently Asked Questions (FAQ)
1. What is an Employer of Record (EOR) in Thailand? An Employer of Record (EOR) is a third-party organisation that legally employs your staff on your behalf. This allows companies to hire and operate in Thailand without needing to establish a local entity.
2. What is the difference between an EOR and payroll outsourcing? While both services help manage employee payments and compliance, they serve different purposes:
Payroll outsourcing focuses mainly on calculating salaries, handling deductions, and processing payments for your existing employees.
EOR services go further; the EOR becomes the legal employer of record for your workforce in Thailand. This includes managing employment contracts, onboarding, benefits, taxes, and compliance with local labour laws.
In short, payroll outsourcing is about payment processing, while EOR is about legal employment and compliance.
3. Why should I outsource payroll in Thailand? Outsourcing payroll ensures full compliance with Thai tax, labour, and social security laws, while reducing administrative workload and minimising the risk of penalties.
4. How does Monroe ensure compliance with Thai labour laws? Our payroll and EOR team stays updated with the latest regulations from the Revenue Department and Social Security Office to ensure timely and accurate submissions every month.
5. Do my employees still work directly for my company? Yes. Your employees report to and work for your organisation operationally, while Monroe acts as their legal employer to manage contracts, payroll, and compliance.
6. Can Monroe handle both Thai and expatriate employees? Yes. We manage payroll and compliance for both Thai nationals and expatriates, including work permit and visa coordination when required.
7. How quickly can payroll services start? Once the required documents are collected and contracts are signed, payroll setup typically takes 2–4 weeks, depending on the number of employees and complexity.
8. How much do payroll & EOR services cost in Thailand? Pricing depends on the number of employees, the complexity of benefits, and the required HR support. Contact our team for a tailored quotation.