Client Alert

On December 17th, the Council of Representatives of the National Minimum Wages Commission (CONASAMI, by its acronym in Spanish), resolved the increase to general and professionals’ minimums wages (SMG, by its acronym in Spanish).

https://www.gob.mx/conasami/prensa/publica-diario-oficial-de-la-federacion-salarios-minimos-para-2020?idiom=es

The general minimum wage, in the designated area named “Rest of the Country”, is now of $123.22 MXN per day and in the Northern Border Zone, was set to $185.56 mexican pesos per day.

The increase was integrated from the current “SMG” (corresponding to the amount of $102.68 MXN, plus $14.67 MXN, corresponding to the Independent Recovery Amount (MIR, by its acronym in Spanish) and the inflation adjustment factor of five percent.

The “MIR” was applied for the first time in 2017, and it consists in a mechanism to recover the purchasing power of wages. It is also an absolute amount in Mexican pesos, which will not be used as a reference to set current salaries such as contractual, federal, statewide or municipal.

For any questions or additional information regarding the General Minimum Wage for 2020, please contact us.

Contact

Karla Jiménez
kjimenez@cuestacampos.com

Sandra Chávez
schavez@cuestacampos.com

www.cuestacampos.com

The above is provided as general information prepared by professionals with regard to the subject matter. This document only refers to the applicable law in Mexico. While every effort has been made to ensure accuracy, no responsibility can be accepted for errors or omissions. The information contained herein should not be relied on as legal, accounting or professional advice being rendered.