Average Salary in Mexico – A Complete Guide

average salary in mexico

Mexico’s average wage is greater than the median salary in major offshore markets such as China and India. So what is the best method for bringing labor from Mexico? How much do Mexican workers make? The answer to these questions and more is what we will be discussing.

In 2021, the average monthly salary in Mexico was 33,200 MXN. Despite being higher than the average wage in well-known outsourcing countries like India and the Philippines, this is still considerably less than the average wage in sophisticated economies like the USA and the UK. That is why outsourcing to Mexico may be the best option for companies trying to expand swiftly. In this brief research, we will examine various aspects of Mexican pay.

If you are wondering how much should you pay a Mexican employee if you’re outsourcing to Mexico? Or you are simply curious about the average wage in Mexico? This post can definitely be useful to you. In this post, we will examine the average income in Mexico for 2022 and how it compares to other countries. We’ll also look at intriguing salary data elements like the median income, percentile wages, experience-based pay, bonus ranges, and more!

These figures are compiled from official government salary data, polls, and a variety of other sources, including job postings. Salary levels are organized by nationality and are expressed in Mexican pesos. In a nutshell, we use the MXN (Mexican peso) code instead of the money symbol $.

What is the Average Salary in Mexico?

A Mexican employee normally makes roughly 33,200 MXN per month. Salary ranges from 8,410 MXN (lowest average) to 148,000 MXN (highest average) (highest average, the actual maximum salary is higher). This is Mexico’s average monthly salary, and it includes housing, transportation, and other benefits.

A person working in Mexico typically earns roughly 398,300 MXN per year, with the yearly lowest average salary being around 99,220 MXN and the highest average salary being about 1,777,700 MXN.

As in any other country, the average base salary in Mexico differs greatly across various sectors such as IT, manufacturing, healthcare, etc. In addition, the salary range is also affected by characteristics such as education level, years of experience, and job type (permanent or part-time).

After accounting for the aforementioned considerations, the typical yearly wage for a Mexican worker is 398,400 MXN (Mexican Peso). This equals an annual sum of USD 19,980 based on the exchange rate in 2021. Generally, the monthly average wage falls between 8,410 MXN (the lowest salary) and 148,000 MXN (the highest national average). Additionally, incomes in Mexico vary from place to city.

While it is roughly 38,900 MXN in Cancun, About 44,600 MXN is the median earnings in Mexico City, and Monterrey. In terms of hourly pay, a Mexican worker in the manufacturing sector typically earns roughly $3.50 per hour.

These are typical Mexican salaries, which also cover perks like housing and transportation. But, of course, an individual could make more or less money than the aforementioned average wages. So now, let’s look at the numerous facets of the typical pay in Mexico.

Distribution of Salaries in Mexico

So we’ve looked at a person’s average salaries in Mexico. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that the average annual salary in Mexico ranges from 99,220 MXN to 1,777,700 MXN. In statistics, this is referred to as the range.

The ratio of the highest and lowest values is a good measure of salary variability and can be used by employers and employees to determine how much they can anticipate pay.

Median salary

In Mexico, the average annual wage is 390,000 MXN. In the distribution of salaries, this value sits in the middle.

Approximately 50% of the population earns less than 390,000 MXN, and 50% of the population earns more than 390,000 MXN, according to this statistic. Therefore, a strong indication that you are getting paid well is if your income exceeds the median salary.

Your aim should be to grow your wages such that they are at least as high as the median salary if you are not currently earning more than that amount (which you can do by asking for a pay rise, looking for a better-paying job, etc.).

Percentiles

Similar to the median wage, percentiles examine the numbers at the top and bottom of the distribution rather than the middle number. For example, 25% of people in Mexico earn less than the average wage of 218,900 MXN, while 75% make more than that.

25% of the population earns more than 1,065,400 MXN, while 75% earn less than that.

The 25th and 75th percentile salaries can be used, like the median salary, to identify which quartile you belong to, letting you know whether your pay is adequate relative to others in your field and area.

Salary by Experience Level in Mexico

The amount of years of experience you have after entering a particular job is the most crucial aspect in deciding your income. Therefore, it makes sense that a larger salary would be earned with more experience.

Employees between two and five years on the job should anticipate making about 35% more money than those just starting in a junior position. This average applies to all business sectors and career paths. The average wage rises by a further 20% for those with ten or more years of experience and another 15% for those with fifteen years or more.

If your salary is higher than the typical median worker, you are earning well. Conversely, you’re not getting paid enough if your pay is less than the median and average.

If you fall anywhere in the middle, it might be difficult to judge whether you are getting paid enough, and you may need to do more digging.

Salary by Education Level in Mexico

Your education significantly impacts how much money you can earn, in addition to job experience. High levels of education are necessary for many higher-paying jobs, but how much can they boost your pay?

To determine how much more money is available at each education level, we compared the earnings of workers in the same job and career level with varying levels of education. Your location and the job path you choose will significantly impact the pay you may expect to earn depending on your degree.

Employees with a post-secondary certificate or diploma can anticipate making about 17% more money than those who merely attended high school. 

If you have a bachelor’s degree, you may anticipate earning about 25% more money than someone who merely has a certificate or diploma. However, your salary as a professional with a master’s degree would be roughly 30% greater than that of a bachelor’s degree holder.

For the same employment role, persons with a PhD may expect to earn about 22% more money than those with a master’s degree.

Is an MBA or Master’s degree worthwhile? Should you get a college degree?

In Mexico, the cost of a Master’s degree program or any post-graduate program ranges from 166,000 to 498,000 pesos and lasts for around two years. That investment is significant.

Provided you are already employed for a work, it is unattainable to anticipate an increase in income during the study period. Therefore, most of the time, a pay review is undertaken once education is finished and a degree is obtained.

Many people pursue further education to transition into a profession with a good salary. The statistics appear to support this strategy. The average salary increase while changing employment is roughly 10% more than the typical salary increase.

Your situation and experience, among many other things, really influence the choice. However, putting all other factors aside, the return on investment is unquestionably worthwhile if you can pay lower education costs. In about a year, you should be able to recoup your expenses.

Daily Minimum Wage (Minimum Salary Bill)

The minimum wage is the amount an employee must be paid per working day. The Mexican government decided to raise the monthly salary wage to 141.70 MXN in 2021. (USD 7.10). The previous minimum salary in Mexico was 123.22 MXN (USD 6.14).

The goal of the 15% rise in the minimum average salary is to meet international standards while giving daily wage workers more purchasing power. On January 1, 2021, the new federal minimum wage law was enacted.

Let’s examine how outsourcing to Mexico is affected now that we have discussed several facets of the typical salary in Mexico.

Average Hourly Wage in Mexico

The salary given for each hour of work is known as the hourly wage. Salary and hourly jobs are the two categories into which jobs are typically divided. No matter how many hours are worked, salaries are fixed. Hourly jobs pay for each hour worked. In Mexico, the standard hourly wage (pay per hour) is 190 MXN. This indicates that the hourly wage for an average worker in Mexico is roughly 190 MXN.

The aforementioned formula is used to change a salary to an hourly wage (imagine five days of work in a week and 8 working hours daily, which is the standard for most jobs). Depending on the total number of working time every week and the vacation time allowance, the hourly wage calculation may vary slightly.

The aforementioned numbers are believed to be the norm and are good approximations. Overtime eligibility is a key distinction between salaried employees and hourly workers. Contrary to hourly-paid labor, salaried employees often are not required to work overtime.

Salary Compared by Gender

We are aware that there should never be a pay disparity between men and women in the present era. But sadly, there is still a large pay gap between men and women in many industries when comparing their incomes for equivalent positions.

Male employees in Mexico make an average salary of 425,100 MXN, compared to female employees’ 372,600 MXN. This indicates that, across all occupations, males typically earn 14% more than women for doing the same job.

Average Pay Raise in Mexico

Although the term “Annual Salary Increase” typically refers to an increase over 12 months, it is more useful to understand the frequency and rate at the time of the increase because it is uncommon for people to have their pay evaluated exactly at the one-year mark.

Employees are sometimes given an annual wage boost in various nations to say “thank you” for their service. How much do Mexican annual salary increases cost? How frequently do employees receive pay raises?

According to our data, a person in Mexico receives an average pay increase of 8% every 18 months. In this instance, it is clear that there are more than the usual 12 months between average wage increases.

Using a straightforward method, we can determine the approximate annual pay boost to give the data more context:

Annual Increase = ( Increase Rate ÷ Months ) × 12             

These statistics are averages of several numbers. Therefore, these numbers should be regarded as broad recommendations. The amount and frequency of salary increases will vary from person to person and be based on a variety of factors, but the most crucial ones will always be your performance and contribution to the organization’s success.

Annual Pay Raise by Industry in Mexico for 2022

The average yearly pay raise percentages for each of Mexico’s major industries are shown in the chart below. You’ll observe that businesses tend to offer higher yearly pay hikes in larger and more lucrative industries.

·         Construction                                      6%

·         Education                                           1%

·         Banking                                             4%

·         Energy                                               8%

·         Healthcare                                         7%

·         Information Technology                   3%

·         Travel                                                2%

Annual Pay Raise by Experience

The average annual wage increase depending on employee experience level is another option. Employees with greater experience typically obtain pay raises that are more than average in this area. Again, this is because it is simpler, more cost-effective, and quicker to retain experienced people than it is to hire them.

Junior Level                       

3% – 5%

Mid-Career                        

6% – 9%

Senior Level                      

10% – 15%

Top Management                           

15% – 20%

Bonus Comparison by Seniority Level

Senior and top-level employees naturally receive bonuses more frequently and at higher rates than younger employees. Due to the inherent duties of being higher in the hierarchy, this is fairly foreseeable. Top-level employees frequently receive bonuses that are twice or treble those of lower-level workers.

Top 4 Industries to Outsource to Mexico

Companies with headquarters in the US have been nearshoring—also known as outsourcing—their commercial activities to Mexico for decades. However, it is not limited to American businesses. Businesses from other nations can reduce expenses and maintain competitiveness by outsourcing to Mexico.

These are Mexico’s top four outsourced industries:

Manufacturing and Production

Mexico isn’t far behind Asia when it comes to outsourcing production because of the latter’s access to inexpensive labor. In Mexico, the average monthly wage for a manufacturing worker is roughly 22,700 MXN (USD 1135.75). As a result, Mexico may seem more expensive when compared to an Asian nation like China, where a manufacturing worker regularly makes 20,000 CNY (USD 3092.05) per month.

But American businesses might see the advantages of outsourcing to Mexico when you consider productivity and transportation expenses.

For instance, goods produced in Mexico can be swiftly and affordably shipped to the US. Mexico also permits duty-free imports from the US into its free trade zones; in the duty-free zone, raw materials can be imported without incurring any income tax.

In addition, if you create enough jobs for locals, the government will give you real estate at a discount.

Customer Service

The second biggest economy in Central America is Mexico. behind Brazil, with a population of about 127 million. As a result, Mexican call center employees have a wealth of experience and are fluent in English and Spanish.

Mexico’s BPO (Business Process Outsourcing) market is estimated to be worth $2.4 billion (US dollars). In addition, it is simpler to accommodate US time zones because of Mexico’s proximity to the US geographically and the similarity in time zones.

Additionally, a worker in Mexico’s call centers or customer service departments normally makes roughly 22,800 MXN (USD 1140.84) per month, as opposed to agents employed in the US, who typically make about USD 5500 per month.

Software Development and IT

To promote technological vocations, the Mexican government has prioritized STEM (Science, Technology, Engineering, and Mathematics) education. It has also elevated enhancing the nation’s technology infrastructure to a top priority.

Additionally, the US’s lack of technical ability has increased the price of software development.

Because of this, it makes even more sense for businesses to outsource their software development operations to Mexico, where they can get high-quality work for a cheap average cost (a software development/IT employee typically makes around 33,400 MXN per month).

Human Resource (HR) Services

If your business is already established in Mexico, you might benefit from local providers’ HR and payroll services. An HR professional typically receives a monthly salary of about 31,400 MXN.

By outsourcing your payment and recruiting operations to Mexico, you can also simplify the entire process. Companies with US locations frequently delegate payroll and hiring functions through a third party (also known as a Professional Employer Organization).

Mexican employees hired by a foreign corporation through a Professional Employer Organization (PEO) are subject to social security and tax requirements. Christmas bonuses and unrestricted access to healthcare for all of your staff are a couple of these requirements.

How much does an average person make in Mexico?

Mexican workers make an average yearly income of 398,300 MXN, with salaries ranging from a low average of 91.220 MXN to a high average of 398,300 MXN. The average monthly wage is 380 300 MXN per year. Lowest annual salary: 33 191 MXN lowest monthly salary: 992 200 MXN The highest yearly wage is 8868 MXN. There may also be a few chances for people to earn salaries that are above average. Salary varies according to gender, geography, skill level, and experience.

How much does a worker in Mexico get paid?

Pay each month on average: 33,000 MXN (4999,000 monthly MXN) MEDIUM 33200MXN – LOW 8410MXN. excessive 148,000MXN. Typically, Mexican laborers make between 33,200 and 36,000 MXN per month. Pay runs between 8410 and 1488 MHz. It shows the typical annual salary, which includes housing and travel costs. The pay in different occupational fields varies greatly. For information about salaries for certain positions, please see below.

Why it’s common to outsource to Mexico

With the entry of both big and small businesses, Mexico has become a hub for outsourcing.

Here are some of the reasons why:

Tech hubs: Mexico is one of Latin America’s most desirable IT outsourcing locations. Guadalajara, Mexico City, Monterrey, Tijuana, and Yucatan are among its five major IT centers; each has a robust tech environment and a pool of skilled IT workers.

Specialized services: Examples of “non-core” services include asset management, and contact centers. or specialized services that businesses can outsource.

Advanced Digital Ecosystem: Mexico is ranked 13th among the Top 50 Digital Nations in 2021. This high ranking considers Mexico’s number of supercities, demographic diversity, and innovation.

Aside from these benefits, there are several others to outsourcing to Mexico. In the following part, we’ll go through them in depth.

Top Benefits of Outsourcing to Mexico

The following are a few benefits of outsourcing to Mexico:

Low Wages and Operational Cost

Mexico’s low labor costs and low raw material costs are two main reasons for outsourcing to Mexico.

Employee compensation in Mexico are a fraction of the typical labor cost in the United States due to cheaper living expenses. For example, the cost of living in Mexico is 70% lower than in the United States and 44% lower than in a European country such as Spain.

Furthermore, internet charges are typically 140% lower in Mexico, and rent is 400% lower in some circumstances than in the United States, so your operational expenses will be much lower.

All of these operating expenditures add up to dramatically boost the bottom line of your organization.

Similar Time Zones to North America

North American businesses can enjoy more convenient travel, transit, and communication with their Mexican enterprises.

Furthermore, Mexico’s strategic location and extensive coastline allow you to export directly to global markets such as Asia and Europe.

Mexico also benefits from being in the identical local time as America.

In most cases, Mexican employees’ work hours correspond to the typical work hours of North American employees, making collaboration easier.

Highly Skilled Workforce

The education and training of its workforce after high school has been a top focus for the Mexican government.

The number of engineering, industrial, and construction graduates nearly doubled between 2009 and 2015. From 60,000 in 2009 to 1,14,000 in 2015, the amount rose.

Mexico has the second-highest concentration of software engineers in Latin America, only behind Brazil, according to a 2018 poll. This has led to a massive influx of qualified Mexican graduates.

The unemployment rate dropped from 5.6% in May 2009 to 4.1% in May 2021, according to the National Institute of Information and Geography (INEGI), a company that collects labor statistics.

Business-Friendly Government

Duty-free imports, tax breaks, and other financial incentives show the Mexican government’s support for foreign businesses. These pro-business regulations boosted the already thriving manufacturing sector.

Government talks can be challenging for international businesses, but Mexico has historically been quite open to foreign businesses that provide jobs for the younger generation.

Mexico received nearly a quarter of all VC (Venture Capital) investment in Latin America (including South and Central America) in 2017 as a result of the vibrant startup climate there.

The Mexican government also established a regulation in 2018 to control the nation’s rapidly expanding fintech market. The fintech industry has grown favorably in Mexico as a result of this.

You may be sure that your company’s registered trademark and patents are protected because Mexico has strong legal protection for intellectual property rights in its regulations.

Proximity to Target Market

Companies who want to reach Americans typically subcontract their manufacturing to Mexico. Long supply chains and transportation routes are less likely to be outsourced because to this technique, particularly during a pandemic.

Private businesses can also engage in manufacturing by establishing a maquiladora, a low-cost factory. Thanks to these Mexican factories, you may conduct duty-free trade between Mexico and the USA.

Along with outsourcing manufacturing, businesses send their demand for BPO services and customer care to Mexico. This is because Mexico and the United States are in the same time zone and share a similar culture.  

Because of this, outsourcing BPO services to Mexico can be advantageous for your business if the USA is where your target market is located.

Better Infrastructure

Mexico has developed into a global outsourcing hub with cutting-edge infrastructure in the last ten years.

The Mexican government is developing an advanced infrastructure plan for energy, IT, and transportation initiatives. It declared a budget of more than $14 billion (USD) in 2020 for improving Mexico’s infrastructure.

The fact that Mexico has a developed infrastructure makes it possible for it to maintain reliable supply chains.

Low Staff Turnover

Around the world, there is tremendous rivalry for talent in the outsourcing of marketing, causing more staff retention problems.

On the other hand, Mexico hasn’t been as exposed to the global outsourcing industry. It has relatively greater staffing and employee retention rates as a result.

Below is an estimate of the potential financial loss to various nations in 2030 due to a high staff turnover rate to give you an idea of why Mexico is preferred for outsourcing.

·         Mexico: $9.0 billion

·         The United States: $435.7 billion

·         United Kingdom: $90.0 billion

·         China: $147.1 billion

·         Germany: $136.9 billion

Mexico has a low worker turnover rate since there isn’t as much rivalry for jobs there. As a result, you might continue to work with the same team until your contract with the outsourcing company is up, which will make it easier for you to stabilize your operations.

Major Challenges of Outsourcing to Mexico

Other issues with outsourcing to Mexico besides modifying the labor code exist.

Let’s examine a few of them.

Dependence on an Outsourcing Company

To maintain a standard of excellence and adhere to your deadlines, you would rely on your outsourced talent from a Mexican business.

You may be subject to potential data breaches if you work with outsourced talent. Trust is a key component of your collaborative working relationship.

Unforeseen Costs

You might forget about some expenses related to service subcontracting in addition to the standard labor expenditures. For instance, the price of knowledge transition and transmission.

Getting an outsourcing partner up to speed on the work they’re intended to execute requires considerable time, effort, and money.

Other additional cost concerns, like tax and fluctuating exchange rates, are frequently unforeseen.

Monitoring Issues

It may be challenging to keep track on the performance of your outsourced staff due to the physical separation between their activities and your place of business.

Additionally, you’ll probably compensate your hired staff on an hourly basis. Because of this, it is even more crucial for you to be aware of whether your outsourced partners are contributing to your projects.

Using employee productivity management software like Time Doctor is one approach to maintain tabs on the performance of your outsourced employees.

You can check your employees’ time, attendance, schedules, and more with Time Doctor, even while you’re working from a distance. With the help of Time Doctor’s adaptable productivity reports, you can also evaluate the output of your outsourced workforce.  

Tips to Outsource Successfully in Mexico

It can be difficult to outsource, especially if you’ve never done it before. However, thorough planning will guarantee that your outsourcing experience is successful.

Let’s examine some advice for successfully outsourcing to Mexico.

Avoid Arbitrary Outsourcing of Personnel

Before contracting out your firm’s operations to a Mexican company, take the time to examine them.

You can better understand your “core” and “non-core” business activities by thoroughly examining your organization. The decision to outsource one or more services to Mexico can then be made.

Define the project plan and timeline.

Start by establishing a specific objective for the outsourcing project.

This will guarantee that your outsourcing company is aware of exactly what they are expected to deliver. Then, based on the precise information you give a service provider, they will present you with a reasonable proposal.

Carefully Evaluate the Service Provider

Before using a provider for outsourcing services, make sure to examine their references.

You can use this chance to voice any worries and enquires you may have about the outsourcing procedure.

Start with a Small Project

Start by giving the outsourced service provider a small and straightforward assignment if you are operating with them for the very first time.

Before giving them more difficult and important responsibilities, you can assess the caliber and efficiency of their work.

Have a Clear Contract and Payment Structure

You are able to maximize the value of your service provider by linking their payments to certain deliverables.

Paying no more than 20% to 30% of your service provider’s charge in advance would be one approach to do this. The remaining payments can then be linked to certain project milestones.

Establish Ownership of Work

Know who the final product that your outsourced talent produces belongs to.

For instance, when you outsource software development, your service provider will create a software program specifically for your business. You must prove your ownership of the software through legal documentation.

Bonus and Incentive Rates in Mexico

How much of a bonus you get at work is another factor in your overall pay. Certain employment roles will have greater bonus rates and a higher likelihood of paying bonuses than others.

In general, more direct revenue-generating jobs will get bigger bonuses based on how well they achieve their revenue targets.

In Mexico, 51% of workers said they had gotten at least one bonus during the preceding 12 months. However, in the past 12 months, 49% of respondents said they had not earned any bonuses. The reported bonuses for the employees who did earn bonuses over the preceding 12 months ranged from 3% to 6%.

·         Received Bonus                               

51%

·         No Bonus                           

49%

What are the types of bonuses?

There are a number of different types of bonuses you can receive in a job. Including:

Individual performance bonus

An individual employee receives this bonus for their overall performance on the work. It is the most typical kind of bonus.

Company performance bonus  

Employees receive this bonus to share in the company’s profits.

Goal-based bonus 

This is a reward given to an individual employee (or team) for reaching particular targets, milestones, or goals.

Holiday bonus

This kind of bonus is given as a thank-you for the hard work put in over the year and is typically given around the holidays or at the end of the year.

Commissions Are Not Bonuses! People frequently mix up incentives with commissions. A bonus is typically discretionary and unplanned, whereas a commission is paid at a predetermined rate for goods sold or agreements closed.

Government vs. Private Sector Salaries

Whether you earn more money working in public (government) or private sectors is another frequently asked issue. For example, Mexico’s public sector employees make about 8% more money in the same position than those in the private sector.

·         Public Sector                     

415,900 MXN

·         Private Sector    -8%       

384,200 MXN

Salaries for All Jobs in Mexico

In the table below, you can find and research salary information for 3787 jobs in Mexico.

Job Title

Category

Salary

Account Examiner

Accounting and Finance

209,700 MXN

Account Executive

Accounting and Finance

345,700 MXN

Accountant

Accounting and Finance

268,900 MXN

Accounting Analyst

Accounting and Finance

357,300 MXN

Accounting Assistant

Accounting and Finance

217,900 MXN

Accounting Associate

Accounting and Finance

195,200 MXN

Accounting Clerk

Accounting and Finance

172,200 MXN

Accounting Coordinator

Accounting and Finance

253,400 MXN

Accounting Head

Accounting and Finance

548,500 MXN

Accounting Manager

Accounting and Finance

592,600 MXN

Accounting Officer

Accounting and Finance

201,100 MXN

Accounting Specialist

Accounting and Finance

382,600 MXN

Accounting Supervisor

Accounting and Finance

407,100 MXN

Accounting Technician

Accounting and Finance

207,800 MXN

Accounting Unit Controller

Accounting and Finance

454,900 MXN

Accounts Executive

Accounting and Finance

344,600 MXN

Salary Comparison by City

If you want to compare salaries with different cities in Mexico, you can use the links below to explore the data for each specific city we have researched.

City

Average Salary

Acapulco

467,100 MXN

Acuna

398,300 MXN

Aguascalientes

476,600 MXN

Boca del Rio

351,200 MXN

Buenavista

384,500 MXN

Campeche

392,300 MXN

Cancun

466,900 MXN

Celaya

426,700 MXN

Ciudad Lopez Mateos

451,000 MXN

Ciudad Obregon

424,300 MXN

Ciudad Santa Catarina

414,000 MXN

Ciudad Valles

341,400 MXN

Ciudad Victoria

417,100 MXN

Coacalco

415,900 MXN

Coatzacoalcos

394,300 MXN

Colima

348,300 MXN

Cordoba

349,300 MXN

Cuautitlan Izcalli

447,700 MXN

Delicias

                340,400 MXN

Durango

 455,400 MXN

Ecatepec de Morelos

543,200 MXN

Ensenada

417,200 MXN

Fresnillo

335,100 MXN

General Escobedo

433,400 MXN

Gomez Palacio

411,400 MXN

Guadalajara

539,700 MXN

Guadalupe

466,300 MXN

Guaymas

327,800 MXN

Hermosillo

472,100 MXN

Hidalgo del Parral

325,800 MXN

Iguala

335,100 MXN

Irapuato

437,900 MXN

Mazatlan

431,300 MXN

Merida

475,700 MXN

Metepec

389,200 MXN

Mexicali

471,700 MXN

Mexico City

544,800 MXN

Minatitlan

327,800 MXN

Monclova

389,200 MXN

Monterrey

535,800 MXN

Morelia

454,900 MXN

Naucalpan

528,500 MXN

Oaxaca

399,900 MXN

Ojo de Agua

401,300 MXN

Orizaba

330,700 MXN

Pachuca

397,900 MXN

Playa del Carmen

357,700 MXN

Poza Rica

369,300 MXN

Puebla

539,700 MXN

Puerto Vallarta

384,200 MXN

Queretaro

460,500 MXN

San Luis Potosi

467,100 MXN

San Luis Rio Colorado

365,400 MXN

Tampico

419,400 MXN

Torreon

457,300 MXN

Tuxtla Gutierrez

453,200 MXN

The eight most valued Mexican worker benefits

Health Insurance

The government requires all citizens to receive health insurance through Mexico’s Social Security Institute (IMMS). However, it is only available to Mexican workers employed in the official sector of the economy. This restriction prevents almost 60 million Mexicans from using the services the Instituto Mexicano de Seguro Social offers.

Health social insurance contributions in Mexico are split 50/50 between the employee and the employer. To pay for employees’ insurance for medical treatment, maquiladora companies are required to withhold the proper amount from each employee’s salary during each payroll accounting period and send that amount to IMMS.

Vacation Pay

The federal government requires vacation compensation as one of the benefits for Mexican workers. Employees at maquiladoras are entitled to six paid vacation days after one year on the job. In addition, the employee is entitled to two further paid days off after the first year, up to a maximum of twelve. After completing an additional five years of service, an employee earns an additional two days of vacation.

Some businesses decide to offer a vacation bonus. This can be done by paying an additional 25% of the employee’s compensation for each day they take off.

Training

Benefits for Mexican workers include the training outlined in Article 132 of the Federal Labor Law. Companies are required to give employees the training they need to complete their assigned jobs, according to Article 132.

The training of Mexican workers is a significant motivational incentive and enhances the retention of quality personnel, even though many businesses try to save training expenses by recruiting experienced staff.

Coupons or Vouchers

Although it is not required by Mexican law, businesses that operate in labor markets that are competitive may decide to provide coupons or vouchers of a predetermined value to their maquiladora employees. These might include nominally priced coupons that can be used to buy goods like food, medicine, or transportation. Additionally, it is typical in some regions, notably near to the United States-Canada border and Mexico, to offer cafeteria food as a component of workers’ compensation. This could involve eating one or two hot meals each day.

Bonus Rates by Industry

As part of our research, we were also able to compile information on the average bonus levels for a person in Mexico across specific industries.

The chart below will give you an indication of which careers pay the most bonus.

·         Transport                                           Low

·         Finance                                                             High

·         Architecture                                    High

·         Sales                                                   High

·         Marketing / Advertising                                High

·         Information Technology                               Moderate

·         Customer Service                            Moderate

·         Human Resources                           Moderate

·         Healthcare                                       Moderate

·         Insurance                                         Moderate

·         Business Development                 High

·         Hospitality                                         Low

·         Construction                                     Low

Conclusion

If you want to outsource, Mexico is a good choice because of its cheaper average salary compared to the US and the UK.

However, lesser pay is only one advantage. Outsourcing to Mexico is made even more appealing by a number of government initiatives, the availability of trained labor, and time zone similarities with the US.

Utilize the data we’ve supplied to determine the typical salary in Mexico and whether moving your business’ outsourcing there is the best course of action.

FAQS

What does the Mexican middle class earn?

In Mexico, the middle class makes up about 45% of the household income on average. Another often used metric is the ratio of middle class households’ incomes to their wealth, which is larger than 50% to less than 10%.

What is Mexico’s average monthly income?

Mexico’s monthly profits increased from 709 USD in July 2022 to 822 USD in August 2019.

Total
0
Shares
Previous Post
salary doe meaning

Salary DOE Meaning – Have You Seen this Before?

Next Post
average salary in georgia

Average Salary in Georgia – A Complete Guide

Related Posts