In Mexico, the “Aguinaldo” holds significant cultural and financial importance, especially during the holiday season. The term “Aguinaldo” refers to the annual bonus or extra compensation that employers are legally obliged to pay their employees. This tradition is deeply ingrained in the Mexican work culture and is regulated by labor laws.
Companies choose Mexico as a nearshoring destination for several compelling reasons. Mexico has become a preferred location for nearshoring across various industries, including manufacturing, IT services, customer support, and more. Here are some of the key factors that make Mexico an attractive choice: 1. Proximity to the United States and Canada: Mexico shares borders with…
Employment law in Mexico is governed by federal labor laws and regulations, which set the framework for employment relationships, workers’ rights, and labor-related issues. Mexico has a comprehensive legal framework designed to protect the rights of both employees and employers. Here’s an overview of key aspects of employment law in Mexico: 1. Employment Contracts: –…
Managing payroll in Mexico involves compliance with various regulations and requirements set by Mexican labor and tax authorities. Here is an overview of key aspects related to payroll in Mexico: It’s crucial for employers in Mexico to stay up-to-date with changes in labor and tax regulations to maintain compliance and avoid potential legal issues or…