Employer of Record Mexico
Mexico Employee Benefits
Employer of Record Mexico
Download our full Mexico Employment Guide
Find out all about employing in Mexico
Pensions in Mexico
There are three parts to Mexico’s retirement income system: the 65+ means-tested old-age pension, the obligatory defined contribution system with a guaranteed pension, and additional individual and workplace private plans.
It’s also worth noting that many levels of government, including the federal government, the states, and even public colleges, all have their own separate pension schemes.
The pension reform passed in December 2020 sets the normal retirement age for men and women alike at 65, with the amount of time needed to accumulate sufficient funds for retirement set at 750 weeks (roughly 14.4 years) beginning in 2021 and increasing by 25 weeks annually until it stabilises at 1,000 weeks in the private sector.
Mexico Healthcare Benefits
IMSS and Seguro Popular provide public healthcare in Mexico. Most medical services and prescription drugs are covered. Mexican workers are automatically enrolled in IMSS and have their contributions deducted from their pay. Those who are not employed can voluntarily enrol in the IMSS system and pay an annual contribution fee.
Although most doctors in Mexico understand English, the application process and most public healthcare administration are in Spanish. While public healthcare in Mexico is good, hospital quality varies, and employees may wait a long time for non-emergency and specialist procedures.
Private insurance and service providers run clinics and hospitals. Private insurers charge premiums for voluntary coverage. Employers can offer private insurance with shared premiums and expenses. Risk profile and agreed-upon health services determine premiums. Private hospitals might offer more specialised operations and better care.
Wondering if expanding
in Mexico is right for you?
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We are Mexico Employer of Record experts
We have extensive experience helping businesses expand their workforce in Mexico. Take a look at our areas of expertise to find out more:
Unsure what’s required when employing staff in Mexico? Find out about Mexico Work Permits and Visas
Wondering what it’s like to work in Mexico? We’ve got you covered in our extensive guide
We deliver a fully managed EOR Service in Mexico, including Payroll, HR and Legal compliance support
Without Agility EOR, our ability to move quickly and scale would be extremely limited. Superb work from A to Z.
Frequently Asked Questions
Payrolling the employees is a key part of the service offered by an employer of record company. The EOR will calculate and remit all taxes, social securities and similar payments, on behalf of both employer and employee. The client will be invoiced in advance by the EOR company, for the total cost of the payroll.
Yes. Our clients are free to dictate the structure of the employees’ remuneration including any bonuses or commissions they wish to offer. In some countries, there is a statutory requirement to provide “bonuses”, for example in the form of Christmas or holiday allowances.
Yes. Agility EOR will calculate what pay is due upon termination of an employee, factoring in such things as any untaken leave entitlements.
We find that most of our clients are in the Tech, IT, Finance and Professional Services industries. However, we have acquired the skills, knowledge and experience to help all industries across the globe.
As a private company, we’re not beholden to shareholders or asset-shredding Private Equity targets. We aim to build long-term relationships with our clients. At Agility EOR, our approach is that we never forget that our business is all about people. Our Employer of Record solutions are tailored to each requirement, not a one-size-fits-all tech platform. We do the right thing by our clients and by the laws of each country we operate in. And we believe in openness; if we don’t feel we can offer you the best solution for a specific territory, we’ll say so.
We pride ourselves on our personable-approach so once you enter your new employees details into our dedicated platform, we’ll arrange a call with you to go through the details of the employment contract where together we can review and amend to your requirements. We liaise directly with your employee to build a rapport and obtain the necessary information to hire them compliantly, and set them up ready for their first payroll.
We never stop delivering! Even if you’re employee has been onboarded and is happily working for you and being paid each month, we’re here to partner with you whenever you or your employees need us. Even your ex-employees may need our assistance for tax documents, proof of employment requests etc… Our service never stops!