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SALARY PAYMENT IN Mexican Peso (MXN, $)
CONTRACT LANGUAGES Spanish / English
PAYROLL TAX 36.69% – 43.72%
PAYROLL CYCLE Bi-weekly
TIME TO HIRE 12 hours
Hire and pay talents
with Horizons in
180+ countries
Mexico
Mexico’s social security program is considered developed, offering healthcare, a pension program, unemployment, and more. Both employees and employers much contribute to social security, with each contribution a percentage of the employee’s gross salary at each pay period. Read below for details about Mexico’s social security program.
Social security in Mexico ensures workers have access to health care and it guarantees their incomes in case of sickness or maternity/paternity leave.
Employees contribute approximately 5% of their salaries to social security and retirement funds.
Employers contribute approximately 25% of the employees’ salaries to fund for social security, housing, and retirement.
In the US, social security contributions are much less and are around 6%. However, much less national social security is offered in the US. In Guatemala the contribution to social security is around 12%.
Your business can easily hire employees in Mexico without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
Employers in Mexico contribute around 25% of their employee’s salaries to social security.
Social security in Mexico ensures workers have access to health care and it guarantees their incomes in case of sickness or maternity/paternity leave.
Headquarters
71 Robinson Road #13-153
Singapore 068895
+65 3158 1382
Europe
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
Americas
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
71 Robinson Road #13-153
068895, Singapore
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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