Hire your remote team in Mexico

Only 399 EUR per employee per month

Hiring a remote team in a country as Mexico comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Mexico. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Mexico with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Mexico, particularly if you don't have established local relationships. You can hire employees in Mexico effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Mexico.

As an employer of record, we help you hire employees and run payroll services in Mexico, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Mexico.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Mexico or individually hire remote employees in Mexico, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Mexico services can best help your company!

3. Hire a remote team in Mexico

Mexico has the world's fifteenth largest economy by nominal GDP as of 2021. (Gross Domestic Product). The service sector accounts for 64.5% of the economy, followed by the industry sector (31.9%). Mexico's economic growth and development performance outperforms that of other Latin American countries.

4. Cost of living in Mexico

Mexico's cost of living is $713, which is 1.31 times less expensive than the global average. Mexico ranked 118th out of 197 countries in terms of cost of living and 99th in terms of quality of life.

In Mexico, the average after-tax salary is $641, which is enough to cover living expenses for 0.9 months.

5. Cost of renting in Mexico

In terms of cost of living and quality of life, Mexico is one of the best countries in the world to live and work in. According to the ranking, it is the 62nd best country to live in. Living in Mexico improves one's quality of life and lifestyle. Some cities are less expensive than cities in Canada and the United States. Monterrey is one of the most vibrant cities in Mexico, with a well-developed infrastructure and a modern subway system.

Rent in Mexico is determined by the location as well as the age of the building. Renting a 1 BHK in Mexico will cost you around $401.4 (8304.08 MXN), depending on the area. The rent is determined by the location as well as the features of the property.

6. Major industries in Mexico

Mexico's economy is dominated by the industrial sector. Manufacturing has flourished as a result of political and economic reorganization. In comparison to previous years, the automotive and electronic industries have regained strength. There are numerous job opportunities available in this industry.

- Another major industry that has seen significant growth in recent years is the information technology sector. In the country, there are numerous IT companies and start-ups. Guadalajara, Mexico, is known as "Mexico's Silicon Valley." This industry offers high-paying corporate jobs.

- Another important industry in Mexico is banking, which has promising prospects in the coming years. In Mexico City, there are numerous large banks. Banking firms offer a variety of job opportunities with competitive pay.

7. Hiring cost in Mexico

As an employer, you need to factor in the hiring cost while conducting a recruitment drive. Some of the most important factors that you need to consider are:

- Cost of conducting an interview.

- Cost of onboarding and training

- Time invested in the process.

- Opportunity cost

8. Employment laws Mexico

Mexico has a well-regulated employment system. Important job aspects such as minimum wage, maximum work hours, and overtime pay will vary greatly depending on the industry. The Mexican labor market is governed by the following factors:

- Maximum work hours

- Paid and Unpaid leaves

- Mandatory rest breaks

- Workplace surveillance

- Year-end bonus

In Mexico, the laws and norms that govern employer-employee relationships are based on

- Federal and Provincial Legislations

- Constitutional Law

- Social Security Laws

9. Top skills Mexico

Mexico has a developing free-market economy dominated by the manufacturing and service sectors. The chemical industry, food and beverage industry, tobacco industry, clothing sector, automobile industry, and tourism are among the other major industries. As a result, it is eager to hire skilled individuals and highly qualified professionals who have been trained in a variety of hard and soft skills. Expats and immigrants can find jobs ranging from customer service representatives to graphic designers and translators.

If you are an employer and are interested in hiring in Mexico, these are the top areas and industries in Mexico:

- Customer service

- Technical

- Software/IT

- Healthcare

- Graphic Design

- Translation (English Language)

With its high quality of life and low cost of living, Mexico is one of the best places to live. It opens the door to new job opportunities for eager immigrants and ex-pats.

- Monterrey is known as the country's industrial capital, which opens up a plethora of opportunities for business ventures. Because of the growth of businesses and individuals, it is known as the city of tomorrow. Many industrial parks exist in the town, and they include automotive parts, cement, steel and iron manufacturing, metal fabrication, and consumer electronics. There are also many multinational corporations and new start-ups in the city.

- Guadalajara - Guadalajara is known for its IT and manufacturing industries, which offer high-paying jobs. The IT sector has expanded rapidly, and the city is sometimes referred to as "Mexico's Silicon Valley." The location is also ideal for new businesses. There are numerous high-level corporate positions available in the city.

- Mexico City - Mexico City is known as the country's economic backbone. It is one of the best cities for high-paying jobs and has financial industry potential. The city is home to many large banks. Banking firms offer a plethora of high-paying job opportunities.

10. Economic landscape in Mexico

According to the National Bureau of Statistics, the Mexican economy is recovering from the pandemic-imposed restrictions. Mexico's GDP fell by about 8.24% in 2020 compared to the previous year, reaching a value of US $1076.16 billion. In comparison to the previous year, unemployment has decreased by 3.6%.

11. Market size in Mexico

The COVID-19 has had a particular impact on the industrial and personal service sectors. In 2021, the industrial sector is expected to grow by 6.8% and regain its strength, particularly in the automotive and electronics industries. Real estate and transportation are both growing industries.

12. Minimum wage in Mexico

The minimum wage is 141.70 MXN per day. However, the minimum wage in the Free Economic Zone of the Northern Border is different and is set at 213.39 MXM per day.

13.Why choose Rivermate to hire your remote team in Mexico?

Establishing an entity in Mexico to hire a team takes time, money, and effort. The labor law in Mexico has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Mexico simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Mexico give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Mexico via our Employer of Record (EOR) / PEO solution.

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