ThaiBev believes that successful organizations work together with their
employees to create growth and learning experiences that ultimately
strengthen both individual and company performance. Providing employees
with development and advancement opportunities, and helping them
address various skills gaps, are important aspects that can strengthen
ThaiBev as a company. We also ensure that all staff have equal opportunities
to excel in their work and grow to their full potential.
Our strategy to enable sustainable growth includes not only human capital development, but also talent attraction and retention, which covers onboarding, compensation, and performance management. ThaiBev is committed to being among the best employers in ASEAN and strongly believes that career satisfaction
and advancement opportunities motivate employees to give long-term
commitment to our organization.
Management Approach
ThaiBev places great emphasis on developing human capital and strengthening organizational capabilities, and has set up the Human Capital and Organization Capabilities (“HC&OC”) department to support the company’s aspiration to become a stable and sustainable ASEAN leader.
HC&OC works closely with the Human Capital Business Partner (“HCBP”) in each Product Group (PG) and Business Unit (BU), to establish the HC&OC strategies, policies, and plans in support of business objectives.
In addition, the central HC&OC works with each country/market HC&OC Support & Operations team to ensure both execution of HC&OC strategy and excellence in HC service delivery, in order to create meaningful employee
experiences at every touchpoint.
This management approach enables ThaiBev to develop and mobilize talent across countries and Business Units, and helps to foster collaboration and share best practices, in line with our “Limitless Opportunities” objective.
Strategies
ThaiBev strives to provide limitless opportunities for employees, incorporating diversity, equality, and
inclusiveness into our business operations. We aim to ensure equal opportunities for our diverse workforce
to grow in their careers. To strengthen human capital,
create oneness, enhance diversity awareness, and prepare employees for change, ThaiBev has identified seven human capital management strategies:
Strategy 1:
Clear Structure and Roles
Arrange organizational structure, roles, and responsibilities to
support the company’s business strategy and PASSION 2030.
Expand and develop competencies and options for career paths
corresponding to ThaiBev’s organizational structure, roles and
responsibilities.
Strategy 2:
Market-oriented
Compensation and Benefits
Continuously monitor job market dynamics and ThaiBev’s demand
for personnel to set appropriate compensation and benefits
standards for ThaiBev Group companies.
Strategy 3:
Recognition-based
Performance Management
Develop a comprehensive employee performance management
system and expand channels for system accessibility that meets
the needs of employees in all age groups.
Ensure fair performance evaluation and set talent development plans
to unlock employee potential, enabling them to work towards their
goals, and strive to achieve excellence.
Strategy 4:
Holistic People
Development
Promote a learning culture for employees to develop their
capabilities. ThaiBev develops employees’ potential according
to the 70:20:10 model* for learning and development. It also
emphasizes digital literacy and the implementation of individual development plans (IDP), as well as employee progress-tracking.
Strategy 5:
Proactive Succession and Workforce Planning
Prepare employees and executives identified as potential successors to ensure seamless transitions and business continuity, enhancing the sustainability of the organization.
Strategy 6:
Engaging Corporate
Culture
Build knowledge, understanding, and engagement by fostering
a sense of oneness through the global values of the ThaiBev Group,
promoting employees’ continuous engagement to encourage
appropriate behaviour in line with corporate values.
Strategy 7:
Strategic Talent Acquisition and Onboarding
Recruit and select personnel who have appropriate knowledge,
abilities and skills to perform their jobs as required by the
organization and aim to reach and attract potential candidates to
join the organization, especially those from the new generation,
who are highly capable of adapting in the digital age.
*70% learning on the job; 20% learning from peers; 10% learning in the classroom
Market-oriented Compensation and Benefits
In terms of compensation and benefits management, ThaiBev is committed to providing fair compensation
to all employees in all countries. We adhere to legal requirements on welfare and benefits and established standards for remuneration management, performance management, and internal promotion.
Contribution assessments may lead to accelerated
extra bonuses and help to rank existing staff on potential promotion lists. We aim to retain high-performance employees and build the company culture by promoting from within.
Recognition-based Performance Management
TYPE AND FREQUENCY OF PERFORMANCE APPRAISAL
Since ThaiBev Vision has set the target of "Our Vision is to be the Stable and Sustainable ASEAN Leader in Beverage and Food Business," and aims to achieve PASSION 2025 within two years, it's crucial that the Executive and Management team respond to this mission of growth. Their aspiration and a well-built team are essential for contributing and embodying the values of growth.
To achieve this, ThaiBev has defined multiple performance appraisal practices to evaluate and incentivize employees across various roles. Key methods include:
Management by Objectives (MBO) utilizing SMART KPIs tied to OKRs: This ensures objectives are Specific, Measurable, Achievable, Relevant, and Time-bound, aligning with Overall Key Results.
A multidimensional approach assessing performance level, character, and peer-recognized contributions: This provides a holistic view of employee performance.
An annual formal comparative ranking with calibrate scoring and distribution curves to identify top performers: This method allows for fair and accurate identification of high achievers.
Continuous Conversations: These daily dialogues cover performance monitoring, planning, safety, and issue resolution, particularly for sales and operations teams, fostering open communication and problem-solving.
This comprehensive performance management system aims to:
Align individual efforts with company objectives.
Recognize valuable contributions through bonuses and recognition programs.
Provide constructive feedback for continuous improvement.
Identify high-potential employees for development opportunities.
Foster an engaged, collaborative, and productive workforce.
This multifaceted approach underscores ThaiBev's commitment to nurturing talent and driving overall achievement.
ThaiBev recognizes the importance of performance evaluation and fostering a performance culture. A high-performance culture emphasizes the most beneficial behaviors and expectations that lead to superior organizational results. This includes setting specific business plans and expecting employees to achieve those goals.
Employers and managers also play a crucial role in defining employee duties and supporting their growth and advancement.
ThaiBev Group conducts performance assessments twice a year. During these evaluations, employees set goals for their performance in the mid-year and year-end reviews.
The assessment uses three KPI categories:
Group Performance:
This measures efficient allocation of work goals to ensure that business results align with the organization's vision and strategy.
BU Shared KPI (a financial measure):
This focuses on allocating operational goals within business groups/functions and teams to achieve strategic goals. It measures the business performance of each function and directly increases competitiveness.
Individual KPI:
This focuses on setting individual goals that align with roles, responsibilities, and can be concretely measured. The goals should be consistent with the organization's and business group's goals. It also emphasizes setting goals that drive the organization forward by focusing on "WOW" (Way of Work), Sustainability Development, and People Development.
The Global value: ThaiBev integrates its core values (3C: Collaboration, Creating Value, Caring for Stakeholders) into its performance evaluation process during both mid-year and year-end appraisals for employees, specifically the Key Behavior Indicators (KBIs). The aim is to ensure the right organizational culture is fostered by aligning the right people with reward performance based on these values.
The 360-degree feedback: ThaiBev utilizes 360-degree feedback as part of its multidimensional performance assessment process. This method gathers feedback from various sources, including subordinates, colleagues, and supervisors, to provide a well-rounded evaluation of an employee's performance beyond just individual self-assessment. This feedback is particularly valuable for identifying and developing "Talent" employees at level 8 and above, categorized as TOP Talent, to enhance their capabilities for the long term.
The satisfaction survey: The satisfaction survey is conducted to measure both internal and external perceptions. Internally, it assesses satisfaction among employees across different business units and throughout the employee lifecycle (their journey within the organization). Externally, it measures customer satisfaction.
The Human Capital department leverages this survey data to track temporary employee status. This information helps them develop short-term HR strategies and design focus groups to improve employee retention.
Team-based performance appraisal
ThaiBev utilizes a team and business unit (BU) performance appraisal with senior management committee; involving evaluation by BU heads and chiefs, followed by calibration, where the team's performance is discussed about achievement and the values of team success in fiscal year. Moreover, the team-based performance approach fosters a culture of collaboration and shared successes across the ThaiBev Group and strengthens how they worked together and create a value of growth in the organization’s purpose and target.
In FY2023, the Human Capital Group continued to proactively implement a team-based performance appraisal system. Approximately 656 teams were formally evaluated and received annual bonuses based on their performance. Business unit heads and executives reassessed team performance using criteria centered on team contributions and outcomes, rather than solely individual achievements.
A Team Assessment practice used a bell curve method to rank team performance across product groups (PGs) by job family and related job families. The results of this assessment served as supplementary data for the rewards scheme.
ThaiBev's reward scheme considers both individual achievements and team's overall performance (BU Performance). It's designed to reflect the multi-functional nature of their Team and aligns with individual performance. A segmented tier system is used for Team performance contributions, with a corresponding portion allocated to the bonus pool of that PG/BU. In addition, this reward system will create employee engagement with high performers and emphasize on short-term and long-term commitment in ThaiBev Group.
Agile conversation
ThaiBev promotes timely feedback to foster a supportive work environment. Employees can address challenges and seek assistance from their team.
We employ a two-way communication approach. Line managers offer constructive
feedback on achievements and skills, using group coaching for continuous improvement. Simultaneously, open team communication is encouraged, allowing employees to share ideas and align team goals. Digital tools facilitate collaboration and connection.
Regular feedback is integrated into various processes:
Daily meetings: Address daily tasks, share information, make decisions, and adjust plans.
Weekly and monthly meetings: Monitor progress and provide feedback.
Quarterly meetings and town halls: Share company performance, business direction, and future goals.
ThaiBev is committed to refining agile conversation practices to empower teams, build trust, and create a fulfilling work environment for all generations.
Coaching Types Based on Team/PG/BU:
One-on-One Communication:
This channel involves informal meetings between supervisors and employees throughout the workday. Additionally, the company sets guidelines for formal one-on-one meetings twice a year during mid-year and year-end evaluations. These one-on-one sessions help employees review their performance for improved effectiveness and productivity throughout the fiscal year. They also facilitate the development of successful short-term individual development plans (IDP).
Group Coaching:
This channel uses town hall meetings with employees quarterly to share and update business performance. This approach helps build team commitment to business targets and drive results across sales, marketing, operations, and supply chain teams as they work towards their KPIs.
Team Coaching:
This channel focuses on team building, fostering relationships within teams (including cross-functional teams). It aims to engage and motivate team members, especially junior employees, by promoting a fast-learning culture and shaping employee behavior to align with ThaiBev's DNA. Furthermore, this practice can bridge the generational gap among different generations (e.g. Gen X, Y, and Z) within the organization, fostering a happy and harmonious work environment in the long run.
LONG TERM INCENTIVE PLAN (LTIP)
Recognizing the importance of incentivizing and retaining committed employees for long-term sustainability, ThaiBev has implemented a Long-Term Incentive Plan (LTIP). This program rewards management and staff across the ThaiBev Group with company shares, contingent upon achieving predetermined performance targets. The LTIP serves the strategic objectives of retaining valuable talent, attracting exceptional professionals, motivating employees to excel, aligning workforce interests with those of shareholders and stakeholders, and ultimately maximizing long-term shareholder value. Oversight is provided by the Board-approved Long Term Incentive Plan Committee, which handles matters such as participant eligibility, administration, and criteria for granting awards. Through this comprehensive long-term incentive strategy, ThaiBev aims to foster a high-performance culture, recognize dedication, and ensure its human capital remains committed to driving sustainable growth and profitability. The average paid out of our long-term incentives for employees is 3 years
Although the LTIP targets employees mainly at Levels 12-15 (Managers to Directors), the consideration is also open to white-collars employees of lower levels with exceptional performance and contribution. The percentage of our employees that this program applies to is 20.34%.
The LTIP program rewards management and staff across the ThaiBev Group with company shares, contingent upon achieving predetermined performance targets. Incentive payout for LTIP is linked to employee's performance and contribution to the company and its businesses, where sustainability performance is one of the main categories in the balance score card of employees from junior management level to CEO. LTIP payout and share allocation are calculated through formula which considers both employee performance including short term and long-term sustainability related performance, and S&P DJSI CSA score. Therefore, the achievement of sustainability target in the first performance year as well as the second performance year is strongly linked to the level of incentive that the employees will be rewarded.
Strategic Talent Acquisition and Onboarding
Our Talent Acquisition Center employs a strategic approach focused on three key areas:
Regional Customization: we tailor recruitment
strategies to address the unique skills, cultural nuances, and economic conditions of each region, ensuring alignment with local needs and opportunities.
Educational Partnerships: by collaborating with universities, professors, and students, we strengthen relationships that enhance understanding of ThaiBev’s values, building a robust talent pipeline and ensuring future employees are well-equipped to drive our growth.
Diversity and Inclusion: we are committed to fostering
diverse and inclusive workforce that reflects the
communities we serve, driving innovation and bringing diverse perspectives to the company.
Onboarding Program
Our onboarding program offers a comprehensive,
immersive experience designed to integrate new hires
into ThaiBev’s culture and sustainability goals.
Key elements include:
A 120-day Structured Onboarding Journey that introduces new employees to ThaiBev’s business operations and sustainability initiatives, providing
a solid foundation for their roles.
Mentorship, Buddy System, and Continuous Learning that provide ongoing support, foster a sense of belonging, and encourage professional development through personalized guidance and resources.
HC Digital Platforms
In 2024, we launched innovative, in-house digital systems to improve HC processes and enhance the employee experience, replacing legacy solutions with a more
efficient, data-driven approach.
Employee Database (ED): a central repository for real-time, accurate employee data, integrated with
other HC systems to support informed decision-making and align with organizational goals.
Performance Management System (PMS): streamlines performance evaluations, helping employees and managers track progress, set goals, and provide feedback with greater efficiency and accuracy.
My Career (IDP): a development tool integrated with
Employee Database, allowing employees to update profiles, set career goals, and track progress, fostering
a culture of continuous learning.
Employee Status Letter: digitizes job status
notifications, eliminating paper and improving
sustainability, while providing a timely, personalized
way to recognize employee achievements.
Holistic People Development
People Capability Development is a key priority at ThaiBev, supporting our goal to be a stable and sustainable ASEAN leader in the beverage and food industry. To drive growth and employee advancement, we’ve implemented the Holistic People Development (HPD) strategy, focusing
on developing the critical capabilities employees need
for both current roles and future aspirations.
Through personalized tools like the Individual Development Plan, we align business priorities with career goals.
To standardize these practices globally, we launched
My Career, a digital platform guiding employees through
a comprehensive career development process, including career exploration, competency assessments, IDP planning and execution, and growth.
To expand learning opportunities, we’ve partnered with
a global digital learning platform, giving employees access to top-tier expertise. This facilitates self-directed learning, allowing employees to address capability gaps at their own pace. In addition to formal training, we encourage employees to include peer learning and experiential learning in their IDPs.
For the HPD strategy’s success, we recognize the vital
role of key stakeholders. Line managers and HC teams
are actively involved in career development and are continuously supported with tools to effectively
champion employee growth within the organization.
ThaiBev Group Talent Pool
ThaiBev is committed to strengthening our internal talent and leadership pipeline to ensure future leadership and organizational success. We focus on identifying and nurturing high-potential individuals who can assume critical roles and drive growth.
Successor Pool: we identify and develop individuals
who are poised to take on leadership positions within the organization.
Group Talent Pool
International Talent: we cultivate global leaders with
the skills, mindset, and high mobility to thrive in
international roles in all Product Groups.
Domestic/Local Talent: we develop local talent to
drive growth within specific countries/markets.
Functional Young Talent: we invest in the development of young functional specialists to play key roles across various departments such as sales, manufacturing,
and IT.
Aligned with our Talent Strategy, we have implemented
a six-step process to execute our leadership pipeline,
from “Young Talent” to “Successor”. This includes strategic
planning, talent identification, targeted development, and
retention strategies. By nurturing internal talent through
a long-term Career Development Plan focused on experiential
development, we support career growth and strengthen
our organization’s ability to drive sustained growth in
a changing business environment.
Targets
Key Projects
ThaiBev Internship Program 2024
The Chang Junior and ThaiBev Internship Programs offer
ASEAN university students the chance to explore various
job families within the company. Over two months, interns
gain hands-on experience, work on real-world projects, and
engage with industry professionals across departments like
Creative & Design, Engineering, Finance, HR, IT, Legal,
Marketing, R&D, Sales, and Supply Chain.
Key program highlights include mentorship, networking
opportunities, and exposure to diverse departments,
helping interns explore different career paths and develop
valuable skills. ThaiBev is committed to nurturing future
leaders, and this year, all interns expressed interest in
joining the company post-graduation and we achieved
a 95% satisfaction rate.
ThaiBev Transformation Program
The ThaiBev Transformation Program aims to identify
and develop top talent by offering a unique opportunity
for accelerated leadership growth. Participants lead
high-impact, company-wide transformation projects
crucial to ThaiBev’s growth, while receiving coaching and
mentorship from senior executives. This guidance helps
them tackle complex challenges, drive innovation, and
manage stakeholder relationships effectively.
Since its inception in 2020, the program has engaged
over 443 employees across ASEAN (Thailand, Vietnam,
Singapore, Malaysia, Myanmar, Cambodia), successfully
implementing 141 transformation projects. By promoting
experiential learning and exposure to strategic leadership
roles, the program accelerates the development of
emerging leaders and collaborate across units, strengthens
our ability to retain top talent across the region.
ThaiBev Talent Development Program
Our Talent Development Program cultivates a new generation
of leaders, equipping them with the mindset and skills to
navigate future challenges. Through a blend of classroom
learning, real-world experiences, and collaborative projects,
participants gain a holistic understanding of our business
and develop the leadership capabilities to drive sustainable
growth.
ASEAN Management Development Program (AMD):
139 Alumni in 4 Batches
In partnership with C asean, the AMD program enhances
executive capabilities across ASEAN. ThaiBev executives
from Thailand, Vietnam, Singapore, Malaysia, and Myanmar
engage in cross-cultural learning and market exploration.
AMD#4 (2024) involved 22 participants, focusing on
expanding new market and products, and strengthening
e-commerce.
Management Development Program (MDP):
346 Alumni in 11 Batches
In collaboration with the Sasin Graduate Institute of
Business Administration at Chulalongkorn University,
the MDP prepares participants for future executive roles.
The program includes project-based learning, knowledge
sharing, and workshops. MDP#11 focuses on driving growth
through existing Spirits and Food brands, expanding new
product development and exploring health and wellness
products, while emphasizing cost reduction strategies,
such as waste reduction and supply chain optimization.
Supervisory Development Program (SDP):
480 Alumni in 12 Batches
Developed with Thammasat University, the SDP enhances
participants’ business acumen through executive insights
and site visits to top Thai organizations.
Young Talent Development Program:
159 Alumni in 5 Batches
ThaiBev is dedicated to developing future leaders through
a program focused on leadership, management, and
functional skills. In collaboration with internal experts
and trainers, participants work on real business projects
to apply their learning. Building on last year’s success, 2023
participants have continued their projects, showing their
commitment to ongoing development.
Professional Sales Development
The Professional Sales Development Program enhances
employees’ skills in data analysis and business dynamics,
helping them understand consumer behavior and sales
territory conditions. This initiative empowers sales team to
act as strategic partners, identifying opportunities across
various channels. The program blends foundational
principles with practical learning, including business case
studies and classroom instruction. Participants present
business plans, which receive valuable feedback from
senior executives, fostering knowledge sharing and
supporting the goal of creating sales opportunities while
strengthening relationships with customers.
ThaiBev Group Conference
We aim to empower ThaiBev’s global leadership through
the ThaiBev Group Conference, an annual event that brings
together over 400 management-level employees from
around the world. This flagship gathering aligns leaders
with the company’s vision and mission, expands global
business perspectives, and fosters collaboration under
the 3C Global Values (Collaboration, Creating Values,
Caring for Stakeholders).
The conference serves as a strategic platform to drive
global business expansion, cascade organizational goals
into actionable plans, and cultivate networking and
knowledge-sharing opportunities among colleagues.
By promoting inclusivity, innovation, and teamwork,
the ThaiBev Group Conference underscores the company’s
commitment to sustainable growth and delivering
long-term value for all stakeholders.
Achievements
Employee Engagement Score
ThaiBev regularly reviews and tracks employee engagement
and satisfaction across various factors. In 2024, our overall
engagement score, based on the “Say–Stay–Strive”
methodology, improved from 83% to 86%, surpassing
our target of 85%. This increase can be attributed to
continuous improvements in performance management,
brand, diversity and inclusion, and work tasks, which were
key focus areas with high scores. Additionally, in 2024,
we expanded the scope to include SABECO, Vietnam’s
leading beer producer within the ThaiBev Group, where our
overall engagement scope was 92.3%.
EMPLOYEE ENGAGEMENT
SCORE EMPLOYEE ENGAGMENT 2024
86%
TARGET EMPLOYEE ENGAGMENT 2024
85%
92.3% data coverage
To track employee metrics, our employees engagement survey addresses the following aspects:
1. Job satisfaction (external motivation, e.g. I am satisfied with my job)
Career Opportunities
I can clearly explain what makes working here different from other organizations
I know what career opportunities are available to me.
I have been supported by the organization to develop myself for career development.
I have opportunities for career progress in this organization
There is effective cooperation between different groups/departments in the organization
My co-workers work together to achieve our goals
Employees are kept informed on matters that directly affect them
Employees are kept informed on matters that directly affect them
This organization supports me to initiate ideas to drive organization success
I have the necessary information, tools & resources to perform my job effectively
The company responds quickly when office equipment or supplies need to be repair
Learning & Development
There are sufficient opportunities for me to develop skills necessary for a different role.
This organization strongly supports the learning and development of its employees
Rewards & Recognition
My performance has a significant impact on my pay
Senior Leadership
Senior leadership treats employees as this organization's most valued asset
High-level executives convey the vision, mission, policy, and value via different channels to individuals in every level.
Supervision
The coaching and mentoring from my supervisor contribute to my learning and potential development.
My supervisor sets clear expectations and goals with me
Work Environment
The physical work environment (such as desks, office lighting, temperature, etc.) is suitable with the type of work I do.
Diversity & Inclusion
I feel this organization values diversity (e.g., age, gender, ethnicity, language, education qualifications, ideas, and perspectives)
Empowerment/Autonomy
At work, my opinions and ideas seem to count
Engagement : Strive
This organization inspires me to do my best work every day
This organization motivates me to contribute more than is normally required to complete my work
Performance Management
I know exactly what I need to do to help this organization meet its goals and objectives
Supervision
My supervisor provides valuable feedback throughout the year that allows me to improve my performance
Work Tasks
My work challenges me to use my knowledge and skills fully
Engagement : Say
Given the opportunity, I tell others great things about working here
Work/Life Balance
The balance between my work and personal commitments is right for me
Safety (Well-being)
The organization actively looks after the wellbeing of its employees
Engagement : Stay
It would take a lot to get me to leave this organization
I rarely think about leaving this organization to work somewhere else
Training Hours
Our dedication to employee development is evident in the
total training hours of 1,725,662 hours, with each employee
receiving an average of 29.58 hours
Training and Development
Input
1,725,662
Training hours
Total training hours
Average training hours totalled
29.58
hours
Average amount spent per FTE
2,635
THB
Average Training Hours by Gender
Female
33.66
hours
Male
26.73
hours
AVERAGE TRAINING HOURS BY MANAGEMENT LEVEL
Executive Level
Middle Management
Department Head / Supervisor
Senior Officer
Officer
31.88
hours
43.63
hours
30.60
hours
23.54
hours
31.75
hours
HIGHLIGHT EMPLOYEE DEVELOPMENT PROGRAMS
To ensure a future-ready leadership pipeline in alignment with ThaiBev’s long-term strategic direction under PASSION2030, the SCM Young Talent Leadership Development Program was launched as a flagship initiative to address a critical business challenge: the shrinking pool of ready-now leaders within the Supply Chain Management (SCM) Group.
This program is a proactive response to both internal succession gaps and the increasing complexity of the external business environment. It is specifically designed for young talents across seven SCM business units, who have been identified as high-potential employees with the capacity to take on future leadership roles.
Co-developed by the SCM Management and Human Capital (HC) teams, the program integrates strategic workforce planning with targeted capability development. It reflects a cross-functional collaboration between business and HR leaders to ensure that talent investments directly support business continuity, competitiveness, and sustainable growth.
The curriculum is delivered through a blended learning framework, combining multiple learning methodologies to maximize behavioral change and business impact. These include:
Formal learning: Structured training modules on functional expertise, strategic thinking, and leadership skills.
Experiential learning: Real-world, action-based business projects that allow participants to apply knowledge and drive tangible results.
Intrapreneurship development: Participants are encouraged to think and act like entrepreneurs within the organization, fostering innovation, ownership, and agility.
Peer and senior leader engagement: The program creates opportunities for participants to engage with senior leaders, receive coaching and feedback, and build strong internal networks.
A distinctive feature of this program is its emphasis on redefining leadership capabilities to align with emerging business trends, sustainability imperatives, and SCM’s evolving role in value creation. The capability framework focuses not only on functional and managerial skills but also on strategic foresight, systems thinking, and cross-cultural collaboration—all critical for future regional leaders.
In essence, this initiative represents a strategic investment in ThaiBev’s human capital, ensuring the development of agile, capable, and forward-looking leaders who can drive transformation, improve operational effectiveness, and create value across the SCM ecosystem.
Build a sustainable leadership pipeline for SCM General Managers.
Strengthen functional, managerial, and intrapreneurial capabilities of young leaders.
Enhance career readiness for regional and ASEAN leadership roles.
Align young talent development with real business challenges and corporate strategy.
Empower SCM leaders to act as talent developers within their units.
6 innovative business projects launched.
Approximately 140 million baht in profit increase from project implementation.
Approximately 29 million baht in cost savings.
33% increase in career opportunity visibility and advancement among SCM management.
Enhanced functional and leadership capabilities among young talent.
Strengthened leadership pipeline across all SCM business units.
Improved cross-functional collaboration and networking capabilities
In 2024, ThaiBev launched the Employee Preparation Program for a Better Life after Retirement, targeting 421 retiring employees as part of its strategic approach to sustainable people development and responsible workforce transitions.
This initiative reflects ThaiBev’s long-standing commitment to valuing employee contributions beyond their active service, while supporting a smooth and confident transition to post-retirement life. The program was designed to address the emotional, financial, and practical challenges employees face as they enter retirement—ensuring they are well-prepared and supported during this life-changing milestone.
The program delivered a comprehensive learning experience across four key modules:
Retirement Benefits: An overview of company-provided and government-supported benefits, including pensions and social security systems.
Financial Planning: Practical guidance on savings, budgeting, investment, and long-term financial stability.
Community and Support: Opportunities for continued connection via a dedicated Line group and peer support system, reinforcing social belonging.
Health and Wellness: Education on maintaining physical and mental well-being post-retirement, with a focus on healthy aging.
Career Skill Transition: Support for employees to groom practical skills for their post-retirement lives, such as dessert making, cooking lessons, and other hands-on trainings, empowering them to explore new interests or potential income sources during retirement.
The program format combined formal sessions, emotional support tools, and networking opportunities to ensure holistic preparation for life after work.
To ensure employees feel confident and informed as they approach retirement.
To provide essential knowledge in retirement planning, financial security, and personal well-being.
To promote a continued sense of connection, identity, and inclusion within the ThaiBev community post-retirement.
Organizational-Level Impacts:
Employer Brand & Culture: Reinforces ThaiBev’s image as a people-centric and socially responsible employer that values contributions across the full employee lifecycle.
Trust & Engagement: Enhances employee loyalty and organizational trust by showing tangible support during major life transitions.
Cultural Strengthening: Demonstrates gratitude and respect for long-term service, contributing to a respectful and appreciative work environment that aligns with ThaiBev’s PASSION2030 values.
Employee-Level Impacts:
Improved emotional and financial well-being among retirees, reducing anxiety during transition.
Stronger post-employment affiliation and alumni engagement, fostering a long-term relationship with the organization.
Participants gained practical tools and peer support networks that enhance their post-retirement quality of life.
The program was well-organized and thoughtfully delivered, resulting in high levels of participant satisfaction and appreciation for the support provided during this important life transition.
ThaiBev’s My Career Training Workshop was launched as part of a digital transition strategy to embed an enterprise-wide career development system aligned with long-term sustainability and internal capability building.
With participation from 12,626 employees (officer to management level), this program introduced the internal platform My Career – Career Development System, which integrates structured career planning with real-time development tracking. The system enables employees to design and manage their Individual Development Plans (IDPs), linking personal growth with organizational needs. By leveraging technology to upskill people through personalized development pathways, the initiative reinforces ThaiBev’s commitment to building a future-ready workforce and fostering continuous learning across all levels.
To ensure adoption and comprehension across the organization, internal workshops were held to support the system’s large-scale rollout. The training approach combined classroom and group learning formats, fostering collaborative understanding and peer-based support. The training was designed to:
Introduce the career development concept, including the development framework and stakeholder roles.
Provide a step-by-step process for navigating and using the system effectively.
Allow participants to apply knowledge through hands-on practice, turning theory into execution via the platform interface.
This program aligns digital transformation with workforce development, ensuring employees are not only digitally literate but also empowered to own and manage their long-term career paths within the company.
Program Objectives
To raise awareness and understanding of career development principles and responsibilities through a digital system.
To equip employees with system knowledge and planning skills to successfully create and execute IDPs.
To facilitate long-term career ownership and visibility of development goals aligned with business priorities.
Quantitative Business Impacts Platform Engagement & Behavior Change:
92.34% of participants (11,659 out of 12,626 full-time employees) successfully planned their IDPs using the new digital platform.
Received an exceptionally high Net Promoter Score (NPS) of 89.34%, indicating strong satisfaction, perceived value, and system usability.
This has contributed to a 4.11% increase in overall engagement scores in the “Career Opportunities” dimension, reflecting improved perceptions of career development across the workforce.
Employees now have clear career plans that facilitate job rotation for career growth, aligning personal aspirations with business needs.
The career development platform is leveraged as a strategic tool for monitoring employee career trajectories, helping them identify opportunities and visualize pathways for advancement within the organization.
Strategic Business Implications:
Significantly enhanced the digital readiness and career ownership mindset across a wide talent base.
Created an integrated data source for future workforce planning and evidence-based development decision-making.
Contributed to cultural transformation, embedding system-based thinking and self-directed growth across functional levels.
In an era of accelerated technological advancement, ThaiBev launched the Digital Transition Program (2024–2025) as a strategic response to the growing need for workforce digital fluency. This initiative aims to prepare employees at all levels to adapt, innovate, and thrive in a digitally driven environment. Built around three strategic knowledge pillars—Cybersecurity, PDPA Compliance, and Responsible AI Use—the program fosters a digital growth mindset and builds critical capabilities for the future. A key focus of the initiative is to improve employees’ digital skills and create awareness of cybersecurity, which is identified as the top organizational risk and a critical priority for the company.
Through a blended learning framework, the program integrates scalable e-learning with interactive workshops and community-led engagement to ensure widespread understanding, practical application, and sustained behavioral change. It employs both classroom and e-learning development approaches, and is also embedded in the new employee orientation program, reinforcing a consistent message across the organization. This initiative enhances employee productivity, ensures regulatory compliance, and supports ThaiBev’s long-term business sustainability and digital transformation goals. The program’s progress is comprehensively monitored and reported during ThaiBev’s Sustainability & Risk Management Committee meetings, ensuring strategic oversight and alignment with enterprise risk priorities.
Strategic Knowledge Pillars
Cybersecurity:
Promotes a security-first culture where every employee understands their role in protecting digital assets. Training covers cyber threats like phishing, safe data-handling practices, and response protocols. This builds a “human firewall” that reduces the risk of data breaches and supports DJSI’s Risk & Crisis Management standards.
PDPA Compliance:
Reinforces responsible and transparent handling of personal data across all functions. Employees are equipped with clear guidelines to ensure compliance with the Personal Data Protection Act, building trust with stakeholders and supporting governance standards under DJSI’s Codes of Business Conduct and Customer Relationship Management.
Responsible AI Use:
Introduces a company-wide AI Policy that guides ethical and effective AI use. Training empowers staff to apply AI tools responsibly while mitigating risks related to data privacy, intellectual property, and algorithmic bias. This aligns with DJSI’s Innovation Management and demonstrates ThaiBev’s leadership in responsible tech adoption.
Blended Learning Framework
The program incorporates three interlinked approaches to maximize learning retention and real-world application:
Foundational E-Learning:
On-demand training modules ensure consistent baseline understanding of core digital topics across the workforce.
Workshops & Role-Based Learning:
Live sessions provide deeper insights through expert facilitation, real-life case studies, and interactive role-play to bridge knowledge and practical application.
Community-Led Engagement:
A “Show and Share” platform encourages peer learning, where employees present how they apply digital tools in their roles. An internal Community of Practice further supports continuous learning and cross-functional collaboration.
Key Program Objectives
Equip employees with essential digital knowledge and skills.
Cultivate a company-wide digital growth mindset to support innovation and productivity.
Ensure full compliance with cybersecurity and data protection regulations.
Build readiness to integrate AI responsibly into business practices.
Create a resilient and adaptable workforce aligned with long-term digital transformation goals.
Business Impacts
Wide Reach and High Completion:
Over 98% of employees — including both full-time and part-time — completed PDPA (35,195 participants) and Cybersecurity (35,299 participants) training.
Cultural Shift Toward Digital Adoption:
Employees across employment types began actively applying digital tools, improving problem-solving, task automation, and communication.
Enhanced Compliance and Risk Reduction:
Organization-wide awareness of security and data privacy, covering full-time and part-time staff, reduced exposure to digital risks. As part of proactive risk mitigation, the organization regularly sends simulated phishing emails to employees to build cybersecurity awareness, and employees who fail to identify these are actively retrained to strengthen vigilance and response. As a result of these concerted efforts, the organization has reported zero cases of cybersecurity breaches, reflecting the effectiveness of its awareness and prevention strategies.
Innovation Enablement:
Responsible AI practices accelerated experimentation while preserving trust and ethical standards.
Cultural Education ASEAN Management Development (AMD) Program Program Description
To support ThaiBev’s strategic ambition of becoming a leading food and beverage conglomerate across the ASEAN region, the ASEAN Management Development (AMD) Program was created not only as a leadership pipeline initiative but also as a cultural education program designed to deepen participants’ understanding of diverse cultural backgrounds, business practices, and leadership styles across Southeast Asia.
Recognizing that regional growth requires culturally agile leaders, the AMD Program focuses on developing intercultural competence among high-potential talents from diverse backgrounds. The program is anchored in ThaiBev’s belief that inclusive leadership and cross-cultural understanding are essential for success in multinational, multi-ethnic environments.
The program incorporates a blended learning experience that integrates:
Instructor-led sessions with regional speakers and cultural experts
Experience-sharing from ThaiBev executives operating across ASEAN
International Field visits that expose participants to real-life business operations in different cultural contexts
Cross-functional action-based projects solving real-world problems from a multicultural lens
Cross-cultural workshops designed to strengthen participants’ ability to collaborate effectively across ASEAN entities, fostering mutual understanding and regional synergy
A coaching and mentoring program that provides personalized guidance to support participants’ group projects, offering hands-on experience to deepen understanding of both cultural dynamics and business contexts
The curriculum includes six modules, with a special emphasis on the “People & Cross-Cultural Management” module, which develops the skills to:
Lead and collaborate across cultural boundaries
Manage diverse teams
Build inclusive stakeholder relationships
Communicate and negotiate effectively in multicultural environments
Organizational Level:
To cultivate culturally competent leaders capable of driving ThaiBev’s growth across diverse ASEAN markets.
To build a leadership pipeline that embodies inclusive thinking, global awareness, and cross-cultural leadership.
To effectively integrate culture and business context, enabling participants to plan and implement business projects successfully through a deep understanding of cultural dynamics, ways of working, market conditions, and organizational context.
To ensure alignment with company goals and foster sustainable regional collaboration through leadership development rooted in both strategic and cultural awareness.
Employee Level:
To enhance employees’ cross-cultural communication, collaboration, and leadership capabilities.
To provide immersive learning experiences that build empathy, adaptability, and intercultural fluency.
To elevate career visibility and create a network of regionally connected and culturally agile leaders.
Business Impacts Organizational-Level Impacts:
Based on the four business projects initiated through this program, the projected impacts at the organizational level are summarized as follows:
Over USD 250 million in projected revenue generation
More than USD 30 million in annual profit contribution
Cost optimization of up to 6.3% across the supply chain and e-commerce channels
Feasible payback periods of 6 to 8 years and strong internal rates of return (IRR) ranging from 13% to 34%
Employee-Level Impacts:
Cultural Agility and Collaboration: Participants developed advanced cross-cultural competencies essential for managing in multicultural teams and markets. To execute their projects successfully, they gained a deep understanding of cultural nuances, local ways of working, market dynamics, and business practices across ASEAN.
Career Advancement with Regional Readiness: Graduates demonstrated readiness for leadership in ASEAN markets and were included in succession plans for regional roles.
Recognition and Inclusion: Participants gained visibility with senior leaders across countries, increasing their access to regional assignments and leadership opportunities.
Transition program for retiring and terminated employees Performance Improvement Program
Thai Beverage Public Company Limited believes that our employees have potential and capability to grow and develop themselves. Guided by this principle, we have established a robust Performance Improvement Plan (PIP) to provide opportunities for employees to enhance their performance when it falls below expectations.
The PIP is a well-structured process that combines close monitoring, continuous coaching, and constructive feedback over a defined period—typically three months. Employees identified as underperforming are formally informed and invited to participate in this program, which clearly defines goals, expected outcomes, individual responsibilities, timelines, and available support.
Throughout the process, line managers and Human Capital Business Partners (HCBPs) work collaboratively with employees to help them improve skills, knowledge, and behaviors. If the employee demonstrates significant progress by meeting the defined performance criteria, they successfully complete the PIP program and return to regular performance management processes.
However, ThaiBev also recognizes that in some cases, despite support and effort, employees may not reach the expected standards. In these situations, the Company first seeks to identify alternative opportunities that align better with the employee’s capabilities, willingness, and career aspirations, whether within their current role, another function, or a different area of the business.
Ultimately, if, during or after the PIP period, it becomes clear that the employee and the organization no longer share an effective fit, the employee may choose to resign voluntarily.
For example, the Sales Performance Development Program has been implemented as part of this approach to support underperforming frontline sales employees. Between July 2024 and January 2025, sales performance was assessed using average daily sales volume benchmarks. Sales employees falling below the defined threshold participated in a structured 3-month Sales Capability Booster Program, which included foundation training, 1-on-1 mentoring, on-the-job observation with real-time feedback, and in-field coaching to strengthen their skills and performance. At the end of the intervention, employees were reassessed, with those achieving the expected results returning to their sales roles, while others were considered for reassignment to non-sales positions.
Program Objectives
To support employees in enhancing their skills, knowledge, and work behaviors through a structured Performance Improvement Program.
To assist employees who are unable to meet expectations by exploring alternative career opportunities within the organization or offering transition support.
To provide clear guidance, coaching, and measurable goals that empower employees to close performance gaps and achieve sustainable growth.
Business Impacts Organizational-Level Impacts:
Strengthened employees’ performance effectiveness through differentiated, capability-based interventions.
Enhanced resource efficiency by aligning role assignment with individual performance benchmarks.
Implemented a performance accountability loop: All participants were required to meet defined performance criteria, or they would be re-enrolled in the development cycle for further support.
Employee-Level Impacts:
100% of participants successfully improved performance and were retained in full-time sales roles.
The program provided a clear accountability framework, offering role reassignment, career rotation across functions or business units, or exit from full-time sales for those who could not meet performance thresholds.
Contributed to employee clarity and fairness in performance expectations, while supporting career continuity, development, or transition based on individual outcomes.
Human Capital Return on Investment (HCROI)
FY2021
FY2022
FY2023
FY2024
a) Total Revenue
242,782,400,172
274,899,367,519
337,356,657,000
344,059,456,000
b) Total Operating Expenses
213,586,348,000
240,002,879,000
301,108,456,000
306,618,985,000
c) Total Employee-related expenses (salaries + benefits)
19,447,700,000
20,260,000,000
28,468,000,000
29,400,000,000
HC ROI (a - (b - c)) / c
2.50126
2.72243
2.27330
2.27349
Total Employees
43,422
49,105
57,162
58,346
Currency : Thai Baht (THB)
NEW EMPLOYEE HIRES
RECRUITMENT FROM INTERNAL CANDIDATES
33.59%
Average hiring cost/FTE
(Thai Baht)
7,840.49
NEW EMPLOYEE HIRES BY AGE AND GENDER
Male
Female
Under 30
1,914
1,238
30-50
2,234
1,116
over 50
67
39
Employee Turnover Rate
TOTAL TURNOVER
TOTAL VOLUNTARY TURNOVER
Employee Turnover: Data Breakdown
TURNOVER BY GENDER
TOTAL TURNOVER
36.05%
Female
63.95%
Male
TOTAL VOLUNTARY TURNOVER
38.03%
Female
61.97%
Male
TURNOVER BY AGE GROUP
TOTAL TURNOVER
TOTAL VOLUNTARY TURNOVER
Furthermore, our commitment has been recognized with
prestigious awards, including:
Employee Experience 2024 Thailand by Human
Resources Online (Singapore) – Overall Learning Award:
First place in the learning category
Gold Awards: Best Skilling Strategy, Best Soft Skills
Training Programme, Best Career Development
Programme, Best Executive Coaching Programme,
Best First-Time Manager Programme, Best Management
Training Programme
Silver Awards: Best Capability Development
Programme for the HR Team
Bronze Awards: Best In-House Certification
Programme
HR Asia: Best Companies to Work for in Asia 2024
Awards (Singapore)
HR Asia Best Companies to Work for in Asia 2024
Award
Diversity, Equity, and Inclusion (DEI) Award
Most Caring Award
Sustainable Workplace Award
WorkVenture: Top 50 Companies in Thailand (Thailand)
Future Trends: Most Attractive Employer (Thailand)
Most Attractive Employer for Under-30s
Most Attractive Employer for Over-30s
MANAGEMENT INCENTIVE AND COMPENSATION
Management Level
Type of Incentive
Incentivized KPIs
Details
Executive Officers
Monetary
Human Capital Development
Talent Attraction and Retention
ThaiBev sets Corporate KPIs that reflect our CPO (Chief People Officer), executive, and employee compensation. ThaiBev’s Corporate KPIs relating to 'Human Capital Development' and 'Talent Attraction and Retiontion'. We define and categorize the criteria for achieving Corporate KPIs into 5-level. Compensation and bonuses will be allocated to relevant executives and employees, with related targets: employees average training hour 25 hours per person per year and incrasing Employee Engagement Score to 90% in 2030
Business Unit Managers
Monetary
Human Capital Development
Talent Attraction and Retention
ThaiBev sets Corporate KPIs that reflect our CPO (Chief People Officer), executive, and employee compensation. ThaiBev’s Corporate KPIs relating to 'Human Capital Development' and 'Talent Attraction and Retiontion'. We define and categorize the criteria for achieving Corporate KPIs into 5-level. Compensation and bonuses will be allocated to relevant executives and employees, with related targets: employees average training hour 25 hours per person per year and incrasing Employee Engagement Score to 90% in 2030
Moving Forward
At ThaiBev Group, we are committed to continuously refining our recruitment, selection, and onboarding processes.
Regular reviews and feedback loops ensure that our practices remain aligned with industry best practices and
support our organizational goals. This commitment enables us to attract, engage, and retain top talent while
enhancing the overall candidate experience at every stage of the hiring journey.
In terms of Human Capital Development, our aim is to uplift our people development practices to be more career-based,
preparing employees at all levels for their desired career advancements. Initially, we plan to bolster the capabilities
of our line managers and HC team, strengthening them as career developers. Integrating AI-driven technology will
further personalize career development, aligning it with individual needs. To equip our workforce with essential
future skills, we intend to launch mandatory training in growth mindset, critical thinking, digital literacy, and data
analytics. Additionally, to cater for the diversity of our employees, we plan to tailor training programs by roles, levels,
regions, and capability needs. A dedicated learning analytics center will support this segmentation, leveraging data
to meticulously design targeted interventions for each group.
As part of our new “PASSION 2030” strategy, which emphasizes on two core pillars of reach competitively and digital
growth, HC will further enhance our people’s capabilities to align with the required new skills. We will focus on
upskilling and reskilling our workforce in line with these two core pillars of Passion 2030.
We will also strengthen our HC digital systems to fully unlock the potential of our digital platform and its big data
capabilities. Data insights and analytics on our people and their talents will be efficiently reported and leveraged to
shape their development roadmap within the company. Our employees will be trained and equipped with new AI
tools provided by the company to enhance their productivity and support their work more effectively.
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