That was enlightening...the FAQ page was interesting...can you imagine companies having to pay in cash? I gather that 53 pesos is per hour? I don't
understand how so many companies can get away with paying their employees so little...it is not umcommon for city workers to get only $15-20 a day,
and field workers even less.Osprey - 6-19-2008 at 07:42 AM
Shari, in the colume to the right it says "Daily Minimum Wage". The only one that really makes a difference is DF -- that amount is used to satisfy
court decisions all over Mexico (also used for official fines, multas in the same fashion).gpm414 - 6-19-2008 at 07:45 AM
Interesting information. It helps me understand why the Mexican government is concerned about inflation, especially how the price of oil (gas)
affects Mexican workers and their families.shari - 6-19-2008 at 07:47 AM
duhhh...gracias amigo...makes more sense now for sure...I wonder about small corporations that foreigners set up....it says 90% of the employees have
to be mexican...if one of the emplyees is your wife, do they have to hire a few mexican folks to complete the 90% rule? I didn't know about the profit
sharing law either...very interesting..I wonder how many companies do it?
[Edited on 6-19-2008 by shari]fdt - 6-19-2008 at 09:20 AM
Quote:
Originally posted by shari
I didn't know about the profit sharing law either...very interesting..I wonder how many companies do it?
[Edited on 6-19-2008 by shari]
All formal businesses do it.rob - 6-20-2008 at 08:30 AM
FDT, many "formal" business do NOT do it ("it"as in profit-sharing even after paying all the onerous stuff that Mexican labor law requires).
What many corporations do is have the workers work for a separate subsidiary whose sole reason for existence is employing the workers and complying
with the labor laws - it's a breakeven setup. The subsidiary presents an invoice at month-end to the parent for costs incurred, and breaks even (or
even loses money, depending on the plan.fdt - 6-20-2008 at 09:28 AM
Reparto de utilidades like aguinaldos (Christmas bonus) have to be paid ARE MANDATORY or you WILL have a huge problem with Secretaria del Trabajo y
Prevision Social "STPS". Exeptions exist if you are non profit or in your first year of business. You can read all about the law here http://www.capacitacion.conampros.gob.mx/ptu2008/ptu2008.htm
If the workers are with a separate subsidiary then they are paying it, someone HAS TO PAY IT.rob - 6-20-2008 at 11:18 AM
FDT, I am NOT referring to aguinaldos/Christmas bonuses . . . I am talking about profit-sharing, as in 10% of corporate net going to the workers.
