Hot-carrier-induced linear drain current (Idlin) and threshold voltage (Vth) degradations for the thin layer SOI field p-channel lateral double-diffused MOS (pLDMOS) are investigated. Two competition degradation mechanisms are revealed and the hot-carrier conductance modulation model is proposed. In the channel, hot-hole injection induced positive oxide trapped charge and interface trap gives rise to the Vth increasing and the channel conductance (Gch) decreasing, then reduces Idlin. In the p-drift region, hot-electron injection induced negative oxide trapped charge enhances the conductance of drift doping resistance (Gd), and then increases Idlin. Consequently, the eventual Idlin degradation is controlled by the competition of the two mechanisms due to conductance modulation in the both regions. Based on the model, it is explained that the measured Idlin anomalously increases while the Vth is increasing with power law. The thin layer field pLDMOS exhibits more severe Vth instability compared with thick SOI layer structure; as a result, it should be seriously evaluated in actual application in switching circuit.