On December 1, 2021, the National Minimum Wage Commission published the update of the minimum wage in force as of January 1, 2022, which will be equivalent to the amount of $172.87 M.N. daily while, in the Northern Border Free Zone, it will increase to the amount of $260.34 M.N.
This increase represents an increase of 22% with respect to the minimum wage in force until December 31, 2021. If necessary, employers must carry out the following actions: (i) adjust the salaries of their employees so as not to be below of the minimums; (ii) update the minimum contribution base salary for the payment of social security contributions; and (iii) give notice to the Mexican Social Security Institute about said increases.
At González Calvillo, we make our services available to you in order to address any labor issue that is required in order to mitigate possible risks derived from a possible non-compliance with labor standards, through our comprehensive experience in hiring employees, international transactions, individual and collective matters, corporate compliance, to name a few.
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About Gonzalez Calvillo
For more than 30 years, Gonzalez Calvillo has been at the forefront of the legal market in Mexico as a multi-service firm based on its transactional approach, as well as specializations in a wide variety of practice areas. The firm is recognized for its ability to build disciplinary teams to the most complex legal challenges, as well as for its long record of providing innovative business and regulatory advice to prominent local and international companies. Frequently described as a pioneer of legal services in Mexico, the firm is recognized for its commitment to doing things differently, generating tailored solutions and creating transformational changes in the legal field that allow its clients to achieve their objectives.