Thai Oil earns two distinctions at Asian Management Excellence Awards 2026

It won for enhancing employee wellbeing across all demographics and creating a “space of happiness” for employees.

Thai Oil emerged victorious at the prestigious Asian Management Excellence Awards 2026 with two accolades. It was lauded in the Thailand Health and Wellness Initiative of the Year - Oil & Gas and Thailand Employee Engagement of the Year - Oil & Gas categories for its Holistic Health and Wellness Programme and its Value Engagement strategy.

The Holistic Health and Wellness Programme is designed to deliver a positive and enriching experience for employees by integrating the science of integrated wellbeing, proprietary and off-the-shelf digital technologies, and data analytics. It represents an innovative approach to holistic wellbeing management through a fully digital platform, elevating traditional wellness programmes from offline to a fully online experience.

For this programme, the company has developed a long-term strategic plan divided into three phases. Phase 1 has introduced digital systems to elevate employee wellbeing, whilst Phase 2 involves the integration of Diversity, Equity & Inclusion into its wellbeing strategy.

Phase 3, which is set to be implemented starting 2027, is set to promote and cultivate awareness amongst employees regarding the importance of taking care of their own and their families' wellbeing, whilst also expanding the scope of care to the surrounding communities and society to jointly achieve a good quality of life.

Thai Oil allocates resources and budgets, along with operational efforts, to achieve maximum efficiency and effectiveness for these projects. The management of wellbeing enhancement includes organising activities and procuring facilities to continuously promote good wellbeing within the company, as well as new strategic projects launched annually to support the evolving business strategies of the organisation.

The company also uses the ADKAR change model, strong executive participation, continuous improvement, and bottom-up employee engagement to drive behavioural change. Data collection through surveys, digital platforms, and satisfaction tracking guides proactive wellbeing enhancements.

With an impressive 100% employee participation rate across all work locations, the company has found that 84% of employees are able to manage their own stress, and 71% of employees are able to achieve a balance between their work life and personal life, indicating that employees were more engaged, satisfied, and committed to their roles.

Most importantly, it has recorded a low resignation rate, from 2.01% to 1.17% in 2024, a rate notably lower than the industry average for oil & gas companies.

For this feat, Thai Oil has won the Thailand Health and Wellness Initiative of the Year - Oil & Gas in the awards programme.

Happy employees, happy company

Meanwhile, the company’s Value Engagement initiative focuses on elevating good quality of life and delivering valuable work experiences in line with the new ways of working in order to enhance employee satisfaction and engagement.

Thai Oil has executed this strategy across three levels: organisation, leaders, and staff. At the organisational level, it has launched employee hackathons through the Joyfinity Project. This has provided an opportunity for employees to form teams to brainstorm and create innovations aimed at generating DIY happiness.

Through this project, innovation culture and cross-functional collaboration within the organisation have been enhanced. The company has received 61 project submissions, with 225 participants and an 89% satisfaction score being recorded.

Meanwhile, the Rewire Leader programme provides leaders with the opportunity to learn how to become a Value Leader and a Healing Leader, which are essential skills for managing teams and increasing team engagement. It has observed an impressive 100% participation, with 88% leadership commitment implementation and a 70% leadership satisfaction. This programme has also resulted in stronger morale, reduced turnover, and higher productivity.

Lastly, Thai Oil launched the Micro Engagement project, which launches activities designed to enable each business unit to develop and conceive initiatives that can leverage strengths or address weaknesses. The project’s goal is to encourage teams to articulate their most critical strengths, define their mission, and establish guidelines for collaboration. 31 departments have participated, recording a 92% satisfaction.

The company brought home the Thailand Employee Engagement of the Year - Oil & Gas for this achievement.

The Asian Management Excellence Awards celebrates the finest business leaders, innovators, and companies in Asia, recognising exceptional achievements in employee engagement programmes, diversity and inclusion projects, and health and wellness initiatives.

The Asian Management Excellence Awards is presented by Asian Business Review Magazine. To view the full list of winners, click here. If you want to join the 2027 awards programme and be acclaimed for your company's employee engagements and management initiatives, please contact Danica Avila at [email protected].