Hi! I’m seeking to hire an administrative assistant in Mexico City. What would you say is a good monthly salary in Mexico City?
Don’t forget the vacations bonus is at least 25% of the daily salary. By law employees have 12 paid vacations days the first year, this would mean that you would pay 15 days when the employee takes their vacation time, they are free to take them whenever they want after the first year. Each year the employee gets 2 extra vacation days and if you fire them or they resign you have to pay the equivalent of the vacation days and the end of the year bonus (aguinaldo).
If you fire someone in Mexico you have to pay by law 3 month of salary + 12 days per labored year (or the equivalent) + vacations + vacation bonus + aguinaldo
What does vacation bonus mean? This is confusing to me. Is that separate from aguinaldo?
Yes. They have paid days off paid at that rate. At the moment the law starts them with 12 and it goes up after the first year. The aguinaldo is like a 13th month salary, paid in December