2023 RECAP Operating in Mexico
2023 Recap
Fisher Phillips Expands into Mexico In response to Mexico’s growing influence in the global economy, Fisher Phillips announced the launch of its first international offices in Mexico in July. The expansion – an anchor location in Mexico City and satellite offices in Guadalajara and the state of Queretaro – is a reflection of the firm’s commitment to expanding its footprint to better serve its clients with interests in the region. Sweeping Labor Reforms Lead U.S. Employers to Spread Their Wings in Mexico Mexico has gone through such sweeping labor reforms in the past few years that it now ranks as one of the best places for outsourcing and expansion. Some employers were still dissuaded from cross- border operations in 2023 due to old misconceptions or outdated notions about what it’s like to do business down there, especially as an employer. It’s time to rethink everything. We’ve summarized what’s changed and outlined the reasons Mexico is now a more attractive place to operate. Most Employers Still Not Aware of Opportunities Awaiting Them A large majority of American employers are still unaware of the opportunities they could seize by doing business in Mexico, but those that have opened up shop south of the border report positive gains in several key areas. That’s according to the results of our FP Flash Survey which gathered information from employers this Fall. Click here to glean information from the results of our survey and what opportunities might lie in store for your organization if you consider expanding into Mexico.
What Will 2024 Bring?
Proposed Legislative Action The Mexican Congress will discuss, during 2024, several initiatives related to employee rights, including the following: • Increase on the Christmas Bonus payment • Remote work, including works related to Digital Platforms • Increase on the Seniority Premium payment • Equal salary and transparency on salaries during the recruitment process • Employers’ obligation to hire a minimum quota of adults over the age of 60 It is important to mention that these are only proposed initiatives presented before the Congress that will need to work their way through the legislative process to determine if they will be executed.
Andrea Brizio Rivas Partner Mexico abrizio@fisherphillips.mx
Germán de la Garza De Vecchi Regional Managing Partner Mexico gdelagarza@fisherphillips.mx
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