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In Mexico, the following must be adhered to under strict local legislation:
Employers are required to pay a 13th month payment by the 20th December each year. This must be the equivalent of at least 15 days’ salary, though many employers opt to pay a full month’s salary.
Employers in Mexico are obligated to share a percentage of profits to their staff. This is usually done within 60 days of completing its annual tax declaration.
Employees in Mexico have a minimum paid vacation entitlement of 6 days after the first year of service. This progressively increases to a minimum entitlement of 16 days after 10 years’ service, acquiring a further 2 days’ entitlement after every 5 additional years thereafter. Whilst on vacation, employees are paid a slight premium as mandated by local law.
Employers are required to follow a very strict protocol in order to legally terminate an employee contract. We suggest speaking with our Employment Law Experts prior to engaging in a dismissal. If an employee contests a dismissal and wins, they would be entitled to a settlement sum.
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