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Capital City
Santa Fe
Timezone
MST
(
GMT-7
)
Paid Leave
Sick Leave
Income Tax
1.7% - 5.9%
Employer Tax
2.7% - 6.4%
Capital City
Santa Fe
Timezone
MST
(
GMT-7
)
Paid Leave
Sick Leave
Income Tax
1.7% - 5.9%
Employer Tax
2.7% - 6.4%
In New Mexico, employers must adhere to both federal and state payroll regulations. The state mandates a minimum wage of $12.00 per hour as of January 1, 2023, with certain localities enforcing higher rates. Overtime is required at 1.5 times the regular pay rate for hours exceeding 40 in a workweek. Employers must provide itemized wage statements detailing hours worked, pay rates, and deductions. Terminated employees must receive their final paycheck within five days, and employers are required to maintain payroll records for at least one year.
Access competitive benefits like health insurance and retirement plans, often at a lower cost through a PEO. Leverage its pooled volume for enterprise rates—resold to PEO customers, with no employment minimums in New Mexico.
Check out our comprehensive state hiring guide.
Understand employer tax implications and payroll requirements.
Review state specific employment laws and regulations.
Get insights on payroll, benefits, and employee classification.
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FAQS
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A PEO assists businesses in New Mexico by ensuring adherence to state-specific labor laws, including wage and hour regulations, employee classification, and mandatory benefits. They keep abreast of legislative changes, reducing the risk of non-compliance penalties.
Yes, PEOs operating in New Mexico are subject to state regulations and must comply with the New Mexico Professional Employer Organization Act, which includes registration and financial requirements to ensure their legitimacy and financial stability.
Absolutely, a PEO can provide small businesses in New Mexico with comprehensive HR services, access to competitive employee benefits, payroll processing, and assistance with regulatory compliance, enabling them to focus on core business operations.
Yes, a PEO can help businesses maintain compliance with New Mexico's employment laws by managing HR functions, ensuring adherence to state-specific regulations, and keeping the business updated on any legislative changes.
Terminating a relationship with a PEO in New Mexico typically involves following the terms outlined in the service agreement, which may include notice periods and transition plans. It's important to review the contract and consult with the PEO to ensure a smooth transition.
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Your “everything you ever needed to know” guides to compliant employment around the United States.
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