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Human Resources Mexico S de RL
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        • How to Calculate the Daily Pay Rate in Mexico
        • How to Calculate Christmas Bonus / Aguinaldo in Mexico
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How to Pay the Christmas Bonus / Aguinaldo in Mexico

1/14/2019

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How to pay the Christmas Bonus / Aguinaldo in Mexico. Franklin and Marisol discuss the calculation based on the daily pay rate and number of Christmas bonus days in the employment contract for the employee. 15 days is the federal minimum. However, it can be negotiated higher between the employee and the employer in Mexico. The Christmas bonus / Aguinaldo must be paid no later than December 20th and is subject to withholding taxes based on caps.

Presented by Franklin D Frith II - General Manager / Principal  and Marisol Perez - HR / Payroll Manager for Human Resources Mexico   S de RL (www.payrollmexico.com)
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10 Differences Between Human Resources Mexico and the Global PEO / International PEO

11/1/2018

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​​Franklin discusses the 10 differences between Human Resources Mexico and the Global PEO / International PEO / Employer of Record / Global Employment Solutions.
1. Human Resources Mexico has physical offices with expert staff in Mexico to provide the services your employees will need in Mexico.

2. Human Resources Mexico has operated under the same legal entity for 10 years with a perfect tax payment record

3. Human Resources Mexico charges NO SETUP FEES. ZERO. 

4. Human Resources Mexico does not require a deposit equivalent to months of salaries up front in order to do start doing business in Mexico

5. Human Resources Mexico can provide the employees with

- Vehicles
- Offices
- Homes
- Private Medical Insurance
- Interest free loans
- Food cards
- Gas cards
- Toll Road cards
- Matched savings fund

WITH NO additional fees to client

6. Human Resources Mexico provides prepaid travel arrangements like flights, hotels, and car rentals

We prepay these expenses and invoice you later with no additional fees charged

7. Human Resources Mexico has been profitable going on 10 years. Therefore, all employees receive the mandatory 10% profit sharing every year

8. Human Resources Mexico has a Dun & Bradstreet Paydex rating of 80 / AA and an A1 credit rating with the National Credit Bureau in Mexico which is the best credit rating a company can receive

9. Human Resources Mexico is subject to the Dictamen Fiscal / Financial Audit by a 3rd party who is certified by SAT, the tax authority in Mexico to ensure strict compliance with the tax laws and regulations

10. Human Resources Mexico charges a total cost markup factor on taxable compensation for our services. No markup or admin fees are applied to tax deductible items.

Our fee structure is easy to understand and you always know what your costs are going to be without the need to consult with us. 

These are 10 very big differences between Human Resources Mexico and the Global PEOs

We look forward to helping you expand to Mexico.

THE MOST TRUSTED PEO IN MEXICO
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2019 Mexico Forecast: Doing Business in Mexico

10/24/2018

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Franklin discusses:

1.) Overall economic status

Mexico’s economic freedom score is 64.8, making its economy the 63rd freest in the 2018 Index.

Mexico is ranked 12th among 32 countries in the Americas
region, and its overall score is above the regional and world averages.

(More text follows the video below)
2.) Economic outlook

Economic growth rate of 2.2% in 2018

IMF puts its 2019 economic growth outlook for Mexico at 2.7%

As a comparison, the GDP growth rate for the USA is expected to remain between the 2 to 3% for 2019

3.) Foreign direct investment

Mexico is one of the emerging countries most open to foreign direct investment, the world’s fifteenth largest FDI recipient.

39.1% from USA
15.4% from Spain
8.8% from Germany
7.1% from Canada
5.9% Japan

4.) Stability of Mexican PESO

The Mexican peso is forecasted to fall between 18.00 MXN / USD to 20.00 MXN / USD in 2019

5.) Effects on business by New government Dec 1, 2018 and new USMCA trade deal formerly known as NAFTA

Lopez Obrador, is scheduled to take office on Dec. 1, 2018

President Obrador and his prospective cabinet have subsequently sought to calm fears surrounding the incoming administration’s economic plans.


(Reuters article)

6.) Workforce observations

Mexico is producing STEM graduates at a higher rate per capita than the US

There is a significant increase in bilingual employees available

Presented by Franklin D Frith II - General Manager / Principal for Human Resources Mexico S de RL (www.payrollmexico.com)

The Most Trusted PEO in Mexico. The PEO used by the Global PEO / International PEO and Employer of Record.
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How to Hire a Foreign Employee in Mexico

9/20/2018

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How to hire a foreign employee in Mexico. Franklin and Mayra discuss the steps for obtaining the Temporary Resident Visa with Permission to Work in Mexico. INM of Mexico, documents needed like passport, offer letter from Mexican employer, visa, one time visa, temporary resident visa, and more. Also we discuss status change responsibilities for the visas y time frame for obtaining the Temporary Resident Visa with Permission to Work in Mexico from the INM.

Presented by Franklin D Frith II - General Manager / Principal and Mayra Muro - Administration Manager for Human Resources Mexico S de RL (www.payrollmexico.com)

The Most Trusted PEO in Mexico. The PEO used by the Global PEO / International PEO and Employer of Record.
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Global PEO: Fast & Loose + Global PEO Survey

9/19/2018

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Global PEO / International PEO: Fast & Loose + Global PEO Survey!

Franklin discusses the statistics for the outcome of fastest growing companies and the consequences of extremely fast growth. How does this effect your global expansion efforts and the employees in the target country.

Use due diligence when hiring a Global / International PEO (Professional Employer Organization.) Global expansion should be taken seriously.

​Global PEO: Fast & Loose + Global PEO Survey - presented by Franklin D Frith II - General Manager / Principal of Human Resources Mexico, S de RL (www.payrollmexico.com) Your level of due diligence dictates success or failure in the target country. Your employees are the front line. The employer of record in the target country is extremely important when expanding.
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Employment Enrollment Process Under Your Legal Entity in Mexico

9/16/2018

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​Hire an employee under your legal entity in Mexico. Franklin and Mayra discuss the enrollment and contract process under your legal entity in Mexico. Recruitment, Employment Contract, and Background Checks. (Documents needed: IMSS registration, SAT registration, active bank accounts, and more.) Placing employees on your payroll in Mexico.
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Mandated Federal Holidays in Mexico - Human Resources Mexico S de RL

9/16/2018

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​Mandated Federal Holidays in Mexico. Franklin and Mayra discuss the dates for the federal holidays, what days are fixed, what days float, and what happens if an employee works a federal holiday in Mexico. Employees can't sign away their rights in Mexico. (Constitution of Mexico and Federal Labor Law.)

Presented by Franklin D Frith II - General Manager / Principal  and Mayra Muro - Administration Manager for Human Resources Mexico   S de RL (www.payrollmexico.com)
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How to Calculate the Daily Pay Rate in Mexico - Human Resources Mexico S de RL

9/16/2018

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​How to Calculate the Daily Pay Rate in Mexico. Franklin and Marisol discuss the calculation based on weekly, biweekly, semi-monthly, and monthly payroll in Mexico. What is the daily pay rate used for in Mexico?

Presented by Franklin D Frith II - General Manager / Principal  and Marisol Perez - HR / Payroll Manager for Human Resources Mexico   S de RL (www.payrollmexico.com)

The Most Trusted PEO in Mexico. The PEO used by the Global PEO.
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Get to Know Your Global PEO - Human Resources Mexico S de RL

9/16/2018

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​Get to know your Global PEO / International PEO. Franklin discusses shell companies in the target countries. Definition and best practices for PEO (Professional Employer Organization.) Global expansion should be taken seriously. 

Get to Know Your Global PEO / International PEO - presented by Franklin D Frith II - General Manager / Principal of Human Resources Mexico, S de RL (www.payrollmexico.com)

Your level of due diligence dictates success or failure in the target country. Your employees are the front line.
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How to Hire a Global PEO / Employer of Record - Human Resources Mexico S de RL

7/31/2018

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​6 Steps to take for hiring a global PEO / employer of record. Franklin discusses proposals, references, employment agreement, insurance, service agreement, and clarify details.

How to hire a Global PEO / Employer of Record - presented by Franklin D Frith II - General Manager / Principal of Human Resources Mexico, S de RL (www.payrollmexico.com)

6 minutes of your time can save you from a lot of problems. Your level of due diligence dictates success or failure when you hire a global PEO.
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  • Home
  • About Us
    • Our Company
    • Testimonials for Human Resources Mexico
  • Mexico PEO Service
    • Mexico PEO Service
    • Additional Employee Perks
    • Recruitment in Mexico
    • Setup Company in Mexico
    • Pay Employee in Mexico?
  • Online Requests
    • General Request
    • Request PEO Proposal
    • Request Recruitment Services
  • Resources
    • Latest Video Topics >
      • Information VIdeos
      • Client Videos
    • Global PEO / International PEO >
      • 3 Things to Know Before Hiring a Global PEO
      • How to Hire a Global PEO / Employer of Record
      • Get to Know Your Global PEO / International PEO
      • Global PEO: Fast & Loose + Global PEO Survey
      • 10 Differences between HRM & the Global PEO / International PEO
      • What is an Employer of Record
    • 2019 Mexico Forecasts >
      • 2019 Mexico Forecast: Doing Business in Mexico
      • 2019 New Economic Free Zone in Mexico
    • Benefits in Mexico >
      • 12 Mandatory Benefits in Mexico
      • Private Employment Benefits in Mexico
      • Mandated Federal Holidays in Mexico
      • Profit Sharing / PTU in Mexico
      • Handling Vacation Days in Mexico
    • Hiring & Recruiting in Mexico >
      • Background Checks in Mexico
      • Independent Contractors in Mexico
      • Non Compete in Mexico
      • Hiring / Enrollment >
        • Hiring Employees in Mexico
        • How to Hire a Foreign Employee in Mexico
        • Employee Enrollment Process Under Your Legal Entity in Mexico
      • Trusted -vs- Exempt Employees in Mexico
    • Basic Payroll Facts for Mexico >
      • How to calculate... >
        • How to Calculate the Daily Pay Rate in Mexico
        • How to Calculate Christmas Bonus / Aguinaldo in Mexico
      • Overtime in Mexico
      • Shifts & Holidays in Mexico
      • Changing a Salary in Mexico
      • Average Salaries in Mexico
      • Expense Reimbursement in Mexico >
        • Mexican Expense Reimbursements
    • Terminating Employees in Mexico >
      • Severance in Mexico
  • Contact
    • Client Service Portal
    • Subscribe
  • Notifications
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    • Coronavirus & HRM
    • YouTube Channel
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