* Playroll continues to analyse immediate opportunities and fulfilled roles by recruitment partners, contractors and employers to identify in-demand jobs.
* Playroll continues to analyse immediate opportunities and fulfilled roles by recruitment partners, contractors and employers to identify in-demand jobs.
Mexico requires employment contracts, and at-will employment is not permitted. Employers should draft detailed contracts, considering factors such as:
In Mexico, permanent employees usually have a 90-day probation period.
The maximum daily work hours are eight for daytime, seven for night shifts, and seven and a half for mixed shifts.
Employees can work up to three extra hours per day, totaling nine hours per week, at double their usual pay. If they exceed nine overtime hours in a week, employers must pay them three times the regular hourly rate for the extra hours.
The minimum wage in Mexico is now MXN 207.44 per day. Along the Northern Border Zone, which borders the US, the minimum wage is higher at MXN 312.41 per day.
In Mexico, a mandatory 13th-month salary payment, known as Aguinaldo, is a standard practice. This bonus payment is required to be disbursed by December 20th. The calculation of Aguinaldo involves 15 working days of salary, along with an additional allowance, taking into account a 365-day year.
In Mexico, the individual income tax rates follow a progressive structure, with rates ranging up to 35%.
In Mexico's retirement system, there's a pension for those 65 and older, a mandatory savings plan, and other private options. If someone retires at 65 after contributing for about 24 years but doesn't have enough savings for the minimum pension, they receive the minimum pension for support.
Employers can't end employment without a valid reason. Unlike in some places, there is no "at-will" employment. The Mexican Federal Labor Law lists specific reasons and procedures for terminating an employee without facing legal consequences. These reasons are outlined below:
In Mexico, there are no mandated minimum notice periods, but according to federal labor law, if a situation warrants, the employer must write a notice to the employee within 30 days of becoming aware of any misconduct.
If an employee is let go without a good reason, they are entitled to severance pay. This pay includes three times their usual monthly salary and an extra 20 days' pay for each year they've worked beyond 15 years. For voluntary resignations or firings with a valid reason, employees with 15 or more years of service get a bonus called a seniority premium. This bonus equals 12 days' pay for each year they've worked.
Mexico has at least seven national holidays each year, and in election years, there are eight.