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.
📝
Statutory
☑️
Market Standard
🌟
Great

Holidays

📝
Statutory

Not applicable

6-14 days PTO based on time with company

8 public national holidays

👏
Competitive

10 days in 1st year

8 public holidays

👏
Above & Beyond

1.5-2x statutory

8 public holidays

Flexible Working

📝
Statutory

Not applicable

👏
Competitive

Flexible schedule based on your needs

👏
Above & Beyond

Sick Leave

📝
Statutory

Not applicable

52 weeks paid @ 60% by IMSS

👏
Competitive
👏
Above & Beyond

Additional 40% pay on sick days

Paternity Pay

📝
Statutory

Not applicable

5 days paid

👏
Competitive
👏
Above & Beyond

10 weeks

Maternity Pay

📝
Statutory

Not applicable

12 weeks paid

👏
Competitive
👏
Above & Beyond

14-16 weeks paid

Other

📝
Statutory

Not applicable

May 10% profit share

👏
Competitive

Performance bonus

Day off for your birthday

Vacation premium - 25% of daily wage

Christmas bonus = 15-20 days of pay

👏
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 -  traditional employer-paid benefits products e.g., insurances (health/life) and pension with core coverage
📝
Statutory
☑️
Market Standard
🌟
Great

Medical

📝
Statutory

Not applicable

Included in social security

👏
Competitive

Private health insurance

Including spouse and children under 25

👏
Above & Beyond

Stipends or allowance for employees to choose own plan

Other Health

📝
Statutory

Not applicable

👏
Competitive

Separate dental and vision insurance

👏
Above & Beyond

Combined with private individual healthcare plan

Pension

📝
Statutory

Not applicable

Minimum included in SS payment

👏
Competitive
👏
Above & Beyond

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

Life Insurance

📝
Statutory

Not applicable

Minimum included in SS/SAR payment

👏
Competitive

Basic coverage- group life

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

👏
Above & Beyond

Premium coverage + Funeral benefit

Critical Illness

📝
Statutory

Not applicable

👏
Competitive
👏
Above & Beyond

Income Protection

📝
Statutory

Not applicable

Minimum included in SS/SAR payment

👏
Competitive

Lump sum given

Included in life insurance policy

👏
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
📝
Statutory
☑️
Market Standard
🌟
Great

Wellbeing

📝
Statutory

Not applicable

👏
Competitive
👏
Above & Beyond

Gym membership discounts

Sports club discounts

Golf course discounts

Access to mental health support/app subscriptions

Learning and Development

📝
Statutory

Not applicable

👏
Competitive

Mentoring

Subsidised certifications, courses, and conferences

👏
Above & Beyond

English lessons

Unlimited L&D budget

Working from Home

📝
Statutory

Not applicable

👏
Competitive

Remote first policy

👏
Above & Beyond

Internet allowance

WFH allowance

Cell phone allowance

New technology or discounts

Salary Sacrifice & Other

📝
Statutory

Not applicable

👏
Competitive

Gas vouchers or stipend

👏
Above & Beyond

Savings plan

Free parking

Relocation

Employee discounts

Profit share

Food & Drink

📝
Statutory

Not applicable

👏
Competitive

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

👏
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.
📝
Tax Reporting
👩‍💼
Employer Tax
👫
‍Employee Tax
No items found.
Question mark
Core benefits -  traditional employer-paid benefits products e.g., insurances (health/life) and pension with core coverage
📝
Tax Reporting
👩‍💼
Employer Tax
👫
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
📝
Tax Reporting
👩‍💼
Employer Tax
👫
Employee Tax
No items found.

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