Employee benefits & policies in Mexico

With so many employee benefits options in Mexico, how do you choose the right benefits for your team?

Ben character at his computer

Employee benefits & policies in Mexico

We’ve done the heavy lifting for you and created a handy guide to employee benefits in the Mexico.

To help you choose the perfect package for your team, we’ve outlined what counts as a:

  • statutory requirement
  • standard benefit
  • great benefit
Question mark
Benefits policies - company policies that involve employee benefits e.g., holidays, flexible working, maternity/paternity, etc.
πŸ“
Statutory
β˜‘οΈ
Market Standard
🌟
Great

Holidays

πŸ“
Statutory

Not applicable

6-14 days PTO based on time with company

8 public national holidays

πŸ‘
Competitive

10 days in 1st year

8 public holidays

πŸ‘
Above & Beyond

1.5-2x statutory

8 public holidays

Flexible Working

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Flexible schedule based on your needs

πŸ‘
Above & Beyond

Sick Leave

πŸ“
Statutory

Not applicable

52 weeks paid @ 60% by IMSS

πŸ‘
Competitive
πŸ‘
Above & Beyond

Additional 40% pay on sick days

Paternity Pay

πŸ“
Statutory

Not applicable

5 days paid

πŸ‘
Competitive
πŸ‘
Above & Beyond

10 weeks

Maternity Pay

πŸ“
Statutory

Not applicable

12 weeks paid

πŸ‘
Competitive
πŸ‘
Above & Beyond

14-16 weeks paid

Other

πŸ“
Statutory

Not applicable

May 10% profit share

πŸ‘
Competitive

Performance bonus

Day off for your birthday

Vacation premium - 25% of daily wage

Christmas bonus = 15-20 days of pay

πŸ‘
Above & Beyond

Company savings; 1 to 1 match, returned once a year

Referral schemes

Company loan scheme

5 additional holidays for marriage

Volunteering days

Question mark
Core benefits - Β traditional employer-paid benefits products e.g., insurances (health/life) and pension with core coverage
πŸ“
Statutory
β˜‘οΈ
Market Standard
🌟
Great

Medical

πŸ“
Statutory

Not applicable

Included in social security

πŸ‘
Competitive

Private health insurance

Including spouse and children under 25

πŸ‘
Above & Beyond

Stipends or allowance for employees to choose own plan

Other Health

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Separate dental and vision insurance

πŸ‘
Above & Beyond

Combined with private individual healthcare plan

Pension

πŸ“
Statutory

Not applicable

Minimum included in SS payment

πŸ‘
Competitive
πŸ‘
Above & Beyond

Private pension fund with a 1 to 1 employee/employer match

Life Insurance

πŸ“
Statutory

Not applicable

Minimum included in SS/SAR payment

πŸ‘
Competitive

Basic coverage- group life

Funeral benefit: $1,500 USD to $5,000 USD

πŸ‘
Above & Beyond

Premium coverage + Funeral benefit

Critical Illness

πŸ“
Statutory

Not applicable

πŸ‘
Competitive
πŸ‘
Above & Beyond

Income Protection

πŸ“
Statutory

Not applicable

Minimum included in SS/SAR payment

πŸ‘
Competitive

Lump sum given

Included in life insurance policy

πŸ‘
Above & Beyond

Premium life insurance policy

Question mark
Supplemental benefits - contemporary benefits to give your benefits package an edge e.g., flex allowances & salary sacrifice options
πŸ“
Statutory
β˜‘οΈ
Market Standard
🌟
Great

Wellbeing

πŸ“
Statutory

Not applicable

πŸ‘
Competitive
πŸ‘
Above & Beyond

Gym membership discounts

Sports club discounts

Golf course discounts

Access to mental health support/app subscriptions

Learning and Development

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Mentoring

Subsidised certifications, courses, and conferences

πŸ‘
Above & Beyond

English lessons

Unlimited L&D budget

Working from Home

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Remote first policy

πŸ‘
Above & Beyond

Internet allowance

WFH allowance

Cell phone allowance

New technology or discounts

Salary Sacrifice & Other

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Gas vouchers or stipend

πŸ‘
Above & Beyond

Savings plan

Free parking

Relocation

Employee discounts

Profit share

Food & Drink

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Food vouchers for groceries - up to 10% of the employee’s salary

πŸ‘
Above & Beyond

Happy hours/socials

In office snacks and beverages

Free breakfast/lunch

What are the tax implications of employee benefits & policies in Mexico

Tax is a tricky one - especially with a global team to manage. Our tax guide simplifies the tax implications of various employee benefits in Mexico for you.

We’ve narrowed down how employee benefits affect:

  • Tax reporting
  • Employer tax
  • Employee tax
Question mark
Benefits policies - company policies that involve employee benefits e.g., holidays, flexible working, maternity/paternity, etc.
πŸ“
Tax Reporting
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
‍Employee Tax
No items found.
Question mark
Core benefits - Β traditional employer-paid benefits products e.g., insurances (health/life) and pension with core coverage
πŸ“
Tax Reporting
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax
No items found.
Question mark
Supplemental benefits - contemporary benefits to give your benefits package an edge e.g., flex allowances & salary sacrifice options
πŸ“
Tax Reporting
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Wellbeing

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Learning and Development

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Working from Home

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Salary Sacrifice & Other

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Food & Drink

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

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