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Byline: Somporn Thapanachai
Sep. 1--A direct correlation between profit and salary expense means leading companies need to recruit the best talent and have continuity in developing their human capital, according to a survey by Watson Wyatt (Thailand) Ltd.
The human resources firm surveyed 100 companies, half of which were listed on the Stock Exchange of Thailand, with staff sizes ranging from 100 to 5,000 in July and August, to identify several aspects of benchmarks for human capital.
Managing director Tayat Sriplung said the survey showed that companies in the lower range could generate profit at only 0.73 times salary expense, but good ...