On 12/16/20, Mexico’s National Minimum Wage Commission (CONASAMI) announced the Country’s minimum wage would increase to $141.70 pesos per day, up $10.46 pesos. The change becomes effective January 1, 2021. In addition, the CONASAMI increased the minimum wage for the Free Economic Zone of the Northern Border to $213.39 Mexican pesos per day, also effective January 1, 2021.
CONASAMI is made up of government, employer and employee representatives who meet annually to discuss minimum wage. The employer representatives did not approve the increase, making this the first time there has been a raise without all three parties’ consent.
HR Workplace Services, Inc. (HRWS) partners with the nation’s top insurance brokers and agencies providing their clients with best-in-class services for support and HR concerns, compliance and technology. HRWS operates in all 50 States and in over 25 different countries, serving organizations from three to 200,000 employees in 545 SIC Codes.
If you have questions about HRWS, call or email us directly or ask your insurance broker about us.
The information contained in this article is intended for educational purposes and to provide a general understanding of regulatory events, legislative changes and the law – not to provide specific legal advice.