Overview of Labor Cost in Mexico
In the year of 2015, the average labor cost of manufacturing industry in Mexico is 5.9 dollars. And it declines 12.7% compared with the last year. For the industry of motor vehicle, the average labor cost is 8.1 dollars. In the past years, the average labor cost of motor vehicle industry has increased 0.25%.
The background of low increasing of labor cost in Mexico is the deprecation of peso against to dollars. After the Lehman Shock, the market value of peso is declining in the past two years. The average labor increase rate is 4.45% from 2011 to 2015 for who is registered to IMSS (Social Insurance Office). According to the research of JETRO, the general level of salary in Mexico is lower than China and Thailand because of the increasing of the labor cost in Asia.
Our Payroll Services in Mexico
The benefits of our services are as follows. First, we can reduce the work of payroll calculation. Second, we can keep the information of salary not known by employees. Third, we can ensure the employers and employees to be feeling secure after the retirement of employees. Fourth, we can calculate the insurance fees exactly with the change of insurance rate.
The basic services of payroll services include the making of payroll table and payment table of taxation at source.
① The payroll table services include managing the necessary master information, totaling the time cards and making the payment payroll.
② The payment table of taxation at source will be made and sent to clients before the date of tax payment
③ We must deliver the goods within three days.
④ We will send the basic accounting books and the payment details to your companies.
⑤ We can response to multi-payment dates multi time limit.
To learn more about our incorporation assistance and a range of services of payroll in Mexico, send us a message or call us at +81-3-5369-2930.