Descriptive Case Study of the Use of Non Cash and Informal Compensation in Thailand‪.‬

INTRODUCTION Non-cash compensation is increasingly used in Western countries (Hashimoto 2000, Dale-Olsen 2006), and its importance in recruiting and retaining employees has been highlighted by many human resource experts (Healey 1998, De Young 2000). As reported in the trade journals, the use of non-cash compensation can take various forms, such as luxury cars, allowing employees to bring pets to work, telecommuting, a concierge service, and gifts of the company's own products. Executives have commented that these incremental compensation expenses make their employees satisfied, which results in a lower employee turnover and associated costs (Fenn 1995, Healey 1998, De Young 2000, Vogt 2005).