On December 1, 2021, the National Commission of Minimum Wages published the minimum wages update, entering into force on January 1, 2022, which will be equivalent to the daily amount of MXN$172.87 while in the Northern Border Free Zone it will increase to the amount of MXN $260.34.
Such an update represents a 22% increase with respect to the minimum wage in force until December 31, 2021. If necessary, employers shall carry out the following actions: (i) make the required adjustments to their employees’ salaries for them not to be below the minimum wages; (ii) update their minimum base quotation salary for the payment of social security contributions; and (iii) provide notice to the Mexican Social Security Institute about such increases.
At González Calvillo, we make our services available to you in order to be able to address any employment issue that is required to mitigate potential risks derived from a possible breach of labor standards, through our comprehensive experience transactions, individual and collective affairs, corporate compliance, amongst others.
Should you have any questions or comments regarding the foregoing, please do not hesitate to contact us.
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About Gonzalez Calvillo
For over 30 years, Gonzalez Calvillo has been at the forefront of the legal market in Mexico as a full-service leading law firm due to its transactional core and expertise in a wide range of practice areas. The firm is recognized for its ability to build cross-disciplinary teams for the most complex legal challenges and long track record of successfully providing groundbreaking business and regulatory advice to high-profile domestic and international companies. Often described as a pioneer of the Mexican legal services industry, the firm is known for its commitment to do things differently, bespoke solutions, and creating transformational legal changes that enable clients to achieve their objectives.
