Who doesn’t like longer holiday durations or annual bonuses? Everybody does! Job seekers are on the hunt for extra than simply earnings. They search for a task that incorporates blessings and an appealing paintings-existence stability Start hiring with CodersLink.
The hiring marketplace could be very aggressive nowadays and recruiters need to come to be very innovative to compete. Read our blog about “How To Stay Competitive In The Tech Hiring Market?” and learn the five techniques important to draw expertise. Let’s consciousness at the benefits and perks to your far flung team. And why Mexico? The solution is outlined in approach variety five of that submit. Go on. We’ll wait which will move read it.
After that interjection, allow’s dive into the problem right here. Tech agencies have risen the bar of benefits and perks they offer their personnel. It doesn’t count number in case you are in the IT industry or no longer, maximum in all likelihood your employer is tech-established so your employees count on more than the basics.
Everyone talks approximately Google’s headquarters and its famous benefits programs. It’s why Google is constantly appointed one of the excellent businesses to paintings for. For instance, it gives three gourmet food an afternoon free of charge to its workforce! It gives them with a loopy array of advantages from massages to yoga publications.
They are not the simplest ones, Silicon Valley is full of portions of haven for developers and specialists in the IT industry; Dropbox, Airbnb, Pocket Change, Twitter, LinkedIn, Facebook, Skype, Pandora, Uber… and plenty of extra also are doing the same.
So why is it that those companies are going above and beyond in their benefits offerings? A lot of it’s far because of a hard work shortage within the U.S. According to research achieved by way of Indeed, US tech skills market faces a 472K scarcity with 9 in 10 enterprise owners struggling to discover and rent IT experts because 2016.
Leading companies are preventing tough with greater than just high salaries so that you can get the talent they need and beat out their enterprise competition. This trouble isn’t just happening inside the U.S, as we screen in our latest Tech Salaries in Mexico Report. Companies like Microsoft, IBM, Oracle or HP, with a presence in Mexico, offer advantages and perks beyond what’s required through regulation.
Benefits required via law in Mexico best follow to folks who are full-time personnel. They are quite much like the ones established with the aid of the United States
Let’s examine a contrast.
Advantages comparasion mex vs us
Percentage-clever, advantages are the identical. Housing Contribution is the peculiar one right here, but this is a contribution an agency makes to a federal application known as the National Workers’ Housing Fund Institute (INFONAVIT in its Spanish acronym). Workers use this fund to get admission to a series of housing-associated loan merchandise — possibility to buy, remodel or construct a brand new home.
The Social Security of Mexico (IMSS in its Spanish acronym) is required by using regulation for any agency that employs an individual (excludes contractors). With this contribution from the agency, the authorities can cowl primary scientific assistance, safety of primary requirements of subsistence, properly-being social offerings, and pensions.
In Mexico, it’s mandatory that employees acquire an aguinaldo, which is the Annual Bonus we mention right here. The aguinaldo is comparable to at the least fifteen days’ wages and may be prorated if the worker has been with the company for fewer than a full year. For instance, if an employee earns MXN $a hundred and eighty,000 in keeping with yr, they receive an aguinaldo price of MXN $7,500 = (MXN $one hundred eighty,000 / three hundred and sixty five days) / 2.
Large firms may want to pay staff thirty days of wages, which is correctly thirteen months of profits in keeping with yr.
PTO and Holidays in Mexico are also required by using law. Full-time personnel (excludes contractors) who finished 1 year of offerings are entitled to experience a 6 operating day duration of excursion the first yr. This will increase to 2 running days each yr till attaining 12 working days. The holiday bonus is twenty-5 percentage of the corresponding pay during the vacation days.
In addition, all through the route of a calendar 12 months, Mexicans have the 7 federal holidays as a normal paid time off compared to 10 within the US. These are the following:
January 1st – New Year’s Day
February fifth – Constitution Day
March 21st – Benito Juárez’s Birthday
May 1st – Labor Day
September sixteenth – Mexican Independence Day
December 1st – the modification of Federal Power (This excursion occurs every six years with the swearing-in of a brand new Mexican President)
December 25th – Christmas
Workspace isn’t required through law, but it’s related to the fee of using someone because it represents bodily area and gadget costs. As you learned before, this is some thing Google, and different Silicon Valley agencies are using in their hiring techniques.
Blessings for faraway workers
Now that we know the fundamentals, allow’s take a look at what main tech businesses are giving to their employees to cause them to happy.
Given the competition we cited earlier than within the hiring marketplace and the first-rate of talent that engineering schools are churning out, large-name companies are seeking to stay in advance of the curve with the aid of imparting very attractive benefits programs past what’s required through law.
In our Tech Salaries In Mexico Report we studied four organizations which are giving greater blessings with out spending a fortune. Microsoft, Oracle, HP, and IBM also provide Private Medical, Savings Fund, Food Stamps, Remote Work, Training Budget, On-website Benefits.
These perks handiest represent a further 5% on pinnacle of the 31% of felony advantages already provided.
One additional thing you can offer your personnel to make them happier is to allow them to paintings remotely. Having the chance to earn a living from home or any location on the earth can compensate for a Googleplex.
CodersLink is continuously looking the hiring panorama to offer you with fine statistics and assist you accomplish the ones commercial enterprise goals by assisting to discover, lease, and control quality tech skills in Mexico and LATAM.
Download our state-of-the-art 2019 Tech Salaries In Mexico Report to get greater perception on the Mexico Tech Ecosystem General Salary Comparison Developer Type Salary Comparison and Employee Benefits.