With special thanks to our colleagues in Mexico: Javiera Medina-Reza, Liliana Hernandez-Salgado and Salvador Pasquel-Villegas.
In May, employers in Mexico will encounter new rules regarding compulsory company profit sharing entitlements for employees. This labor reform requires the immediate attention of companies doing business in Mexico.
In this video, Baker McKenzie’s Labor and Employment partners share important insights on the new regulations, including:
- How to calculate profit sharing amounts
- Understanding maximum allotments
- Applicable payment timelines
- Possible consequences for companies failing to comply
Click here to watch the video.
PTU 2022: A Deep Dive into Your Top Questions on Compulsory Company Profit Sharing Entitlements for Employees
With special thanks to our colleagues in Mexico: Liliana Hernandez-Salgado, Alfonso Garcia-Lozano and Daniel Urdiain-Dector.
As of May, employers in Mexico are subject to new rules governing compulsory company profit sharing entitlements for employees. This comes as a result of the labor reform of 2021.
In this video, Baker McKenzie’s Labor & Employment lawyers address some of the most common questions on this topic, including:
- The impact of the new 3-month cap, company mergers and employer substitutions in 2021
- Mitigating the impact of high PTU payments
- Navigating payment calculations for employees with variable compensation and employees with less than 3 years of seniority
And more!
Click here to watch the video.