Hi everyone!
This is Augusto from TCF Mexico.
Other than cash remuneration for the employees, there are severance entitlements that may employees claim. The minimum mandatory benefits that the employers must grant to the personnel are:
Weekly day off!!
As a general rule, for every consecutive six days of work, employees are entitled to one paid day off. It is also stated that the employer and the employee should try to agree on Sundays as the day off. If not, the employee is entitled to receive a Sunday premium equivalent to at least 25 per cent of the daily wage.
Vacation and vacation premium
The days of vacation an employee is entitled to enjoy, with payment of salary, are contemplated in the law and are determined by the seniority according to the following table:
|
More than one year of service |
6 working days |
|
More than two years of service |
8 working days |
|
More than three years of service |
10 working days |
|
More than four years of service |
12 working days |
Afterwards, vacation days will increase by two days for every five years of service. Employees will be entitled to receive a ‘vacation bonus’ of at least 25 per cent of the salary for the vacation days, independently of the salary for those days.
Christmas bonus
As a difference from other Asian countries, In order to enable employees to meet Christmas expenses, the employers is obligated to pay employees, before 20 December of each year, at least 15 day’s additional salary.
Profit sharing (PTU)
It provides that employees are entitled to participate in the employers’ profits in the percentage determined by the National Profit Sharing Commission, which is currently 10 per cent. For purposes of profit sharing, profit is defined as taxable revenue.
