Presentación Phoenix 02_09_2024 (5).pdf

15% to 20% the your employer.

employer covering a larger portion. Around 2.5% to 3% by the employee and

Who funds it?Both you and your employer contribute to IMSS, with your

Seguro Social)

IMSS (Instituto Mexicanodel

A tax on your earnings, it is automatically deducted from your salary and it is required by the Mexican Government.What It Is?:IMSS is the Mexican Social Security Institute, a government organization that provides social security benefits to workers in Mexico.What it does?: IMSS ensures you have access to medical care, financial support during illness or disability, and a pension upon retirement. These benefits protect you and your family.

required by the Mexican Government.

ISR (Income Tax):

A tax on your earnings, it is automatically deducted from your salary and it is

Key Concepts

after taxes

$25,921.87

Net Salary

Amount collaborator receives

28%29%

1,202,371.801,281,571.80

Up to MXNUp to MXN

27%

961,093.68

Up to MXN

Social Security TaxGovernment Tax

-$894.43-$5,183.70

deposited to collaborators

$32,000

Gross Salary IMSS Quote (1.75% to 2.5%)ISR (16% to 30%)

Total Amount that is

EXAMPLE

The salary is divided into gross salary (before deductions) and net salary (what you take home).

16%19%20%22%24%25%26%26%

202,193.88293,058.72381,651.96469,328.52549,825.36630,322.20712,935.24796,935.24

Up to MXNUp to MXNUp to MXNUp to MXNUp to MXNUp to MXNUp to MXNUp to MXN

Payslip breakdown:

Collaborator tax

Net Annual Income

and net salary.

amount

Taxes depend on your income, a table is used to calculate the exact

The payroll is the document that records and details the payments a company makes to its employees, including salary, earnings, deductions,

Payroll “Nómina”

EXAMPLE

You´ll receive your stamped payslips via email and they will also be accessible through the Codifin Platform see CRM Manual for details.

Payroll “Nómina”

josue.carrillo@codifin.com

You can contact Josue through his email

Payment Method: Your salary will be deposited directly into the bank account you provided.

details.2. Josue: As head of HR, he can help you solve any major issues or concerns related to you.for example contract details, benefits inquiries, etc…

Access CodiAI via the Codifin CRM. See CRM Manual for

have, for example "How many paid days off do I have left?"

2 resources to go.1. CodiAI: An IA assistant Available on the Codifin platform helps you answer “minor” queries you may

Payment Schedule: Payments will be made 2 times per month, on the 15th and the last day of each month. If the 15th or last day falls on a weekend or holiday, payment is made on the last business day before.

If you notice any problems in your pay or have any issues with your payroll, there are

Contact in case of Issues:

Payroll “Nómina”

resignation.

Adoption and Paternity Leave: 5 days of paid leave for fathers.Seniority Premium: 12 days' salary per year after 15 years.Severance Pay: Entitlement to wages, bonuses, and premiums upon

months.

based on savings.

consultations.Savings Account: Save each pay period with bi-annual compensation

Maternity Leave: 6 weeks before and after childbirth with pay.Adoption Leave: 6 weeks of paid leave for women adopting.Social Security: Medical care coverage through IMSS.Lactation Period: Two half-hour breaks or a reduced workday for 6

Minor Medical Insurance: Covers basic medical services and

Christmas Bonus: 15 days' salary after one year.

outside social security.

up to 24 months' salary.Major Medical Insurance: Coverage for serious medical treatments

Life Insurance: Coverage from day one, with at least $300,000 pesos or

Vacation: 12 days of paid vacation after one year.Vacation Premium: 25% extra pay on vacation days.

Avobe Law Benefits

Law Benefits

You can request a leave via the Codifin CRM. See CRM Manual for details.

Maternity: 12 weeks (starting six weeks before the due date) or six weeks post-adoption.Paternity: Five days, including post-adoption.

Maternity and Paternity Leave

leave.

Personal Leave

Availability: Available for personal matters, subject to approval.Request Process: Submit a request in the Codifin CRM detailing the reason and duration of the

Sick Leave

Documentation: A doctor's note is required to validate absence.Coverage: Entitled to medical care and financial compensation (60% of salary) from the social security fund starting from the fourth day of absence, up to 52 weeks.

Availability: Available as needed, with notification to your supervisor as soon as possible.

Details

Type of Leave

Paid Leave

vacation for the employee enjoyment

Every employee is entitled to a vacation Bonus or "prima vacacional" which is an extra payment of at least 25% of the salary for the days they take as

From the sixth year onwards, leave increases by two days for every five years of work.

You can request vacations via the Codifin CRM.See CRM Manual for details.

12 days14 days16 days18 days20 days

12345

PTO

Years Worked

It is as follows:

by Article 76 of the Federal Labor Law.

Employees are entitled to annual vacation based on their tenure, as established

Vacations