According to estimates of Lockton Mexico —A of the world’s largest economic corridors – and, through the economist. In the event that the minimum wage growth increase projected by the Government of Mexico, headed by Claudia Sheinbaum; 40% of formal workers will earn the minimum salary in 2028.
- Government objectives imply that the minimum wage is equal to 2.5 basic baskets by 2030; which would imply adjustments close to 12% each year. Recall that the minimum wage by 2025 is 278.80 pesos a day at a general level and 419.88 pesos a day in border municipalities with the United States.
Even when such monetary increase is beneficial for the working population, Lockton influenced the Challenges that companies must face if a large number of employees earns the minimum wage.
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Since the increase in the minimum wage has been faster than that of other salaries; It is projected that by 2028, this is the unit of measure and update (UMA) three times, The salary threshold of 40% of formal workers in the past 2024.
Bernardo López, deputy director of Actuing Consulting of Lockton México, warns that Both situations will impact salary adjustments and social security fees. For its part, Concepción Hernández, director of People Solutions de Lockton Méxicohe pointed out that Adjustments to the minimum wage generate a difference in the growth rate with respect to other salaries.
- To retain talent, companies must seek a balance between those who earn the minimum wage and have 12%increases, and those who do not win it and their increases are more aligned to inflation.
Such a situation is forcing to rethink compensation plans and benefits to remain competitive. Some of the three great trends in benefits will be the well -being programs; salary linked to skills; and personalized benefits as well as flexible remuneration.
Given this speculation, the Deputy Director of Health Strategy of LocktonAnnel Lozano, indicated that interest in the welfare and health of employees should not only leave the normative; It is essential that companies unite it in the offer of the value of the workers.
“Companies continue to focus on general actions, such as seasonal vaccines, even some that are promoted by the same authorities, and the benefits are still general, such as health fairs or studies for regulatory compliance,” Lozano said.
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(Tagstotranslate) Minimum salary