Mexico - Wage & Salaries





Mexico: Wage & Salaries

Mnemonic YPEWS.IMEX
Unit Mil. MXN
Annual 6.29 %
Data 2017 4,997,063
2016 4,701,162

Series Information

Source Instituto Nacional de Estadística Geografia e Informática (INEGI)
Release Compensation of Employees
Frequency Annual
Start Date 12/31/2003
End Date 12/31/2017

Mexico: Labor

Reference Last Previous Units Frequency
Agriculture Employment 2019 Q2 6,731,266 6,591,243 #, NSA Quarterly
Labor Force 2019 Q2 56,951,215 56,038,471 #, NSA Quarterly
Labor Force Employment 2019 Q2 54,936,719 54,152,266 #, NSA Quarterly
Primary Industries Employment 2019 Q2 6,731,266 6,591,243 #, NSA Quarterly
Secondary Industries Employment 2019 Q2 13,881,626 13,670,847 #, NSA Quarterly
Tertiary Industries Employment 2019 Q2 34,014,070 33,592,162 #, NSA Quarterly
Total Employment 2019 Q2 54,936,719 54,152,266 #, NSA Quarterly
Unemployment 2019 Q2 2,014,496 1,886,205 #, NSA Quarterly
Unemployment Rate Jun 2019 3.57 3.51 %, NSA Monthly
Real Wages & Salaries Feb 2019 99.2 101.4 Index 2008=100, NSA Monthly
Wage & Salaries 2017 4,997,063 4,701,162 Mil. MXN Annual

Release Information

For Mexico, compensation of employees and its components (wages and salaries, employers' social contributions). Annual from 1988. Subject to a change in reference period every five years.

Compensation of employees is recorded under the use the generation of income account and is defined as the total monetary amount or in kind, payable by an institution to an employee for work performed by it. Was recorded at the time that bearing, ie measured by the value of remuneration, whether paid in advance, simultaneously or delayed with respect to the work in question. The compensation of employees has two components: wages and salaries and contributions payable social payable by an employer.

Wages and salaries

Wages and salaries can be paid in several ways, including the provision in kind or services to employees in lieu of or in addition to the compensation money. Wages and salaries as cash and in kind include types of remuneration:

  • Wages and salaries in cash
    • Wages and salaries payable at any interval time, including payments by results, work piecework, overtime, night work, for work away from home, and so on.
    • Supplementary allowances are paid regularly, such as housing assistance or cover transportation costs to and from work.
    • Wages and salaries payable to employees absent from work for short periods of time (vacation, sick leave, accident, etc.).
    • The special bonuses and special payments linked to overall company results.
    • Commissions, gifts and gratuities
  • Wages and salaries in kind
    • Food and beverages, including those consumed business travel.
    • Housing services or accommodation be used by all household members to the employee belongs.
    • Uniforms and other forms of special clothing that employees tend to use frequently both inside and outside the workplace.
    • The services of vehicles and other durable goods provided for personal use of employees.
    • Goods and services produced by employer such as free transportation of employees, railways or airlines, Free or coal miners.
    • Sporting or recreational facilities or holiday, available to employees and their families.
    • Child care centers for children of employees.

Social contributions

Social contributions of employers believe the amounts incurred in order to get social benefits for their employees can be actual or imputed. Its purpose is to ensure their employees the entitlement to social benefits if certain events or under certain circumstances that may adversely affect welfare of their employees, such as illness, accident, dismissal, retirement, among others.

Actual social contributions are those where employers pay security funds social, insurance companies or other companies responsible for the administration and management of social security systems.

The amounts by which employers provide direct benefits under their own resources, ie, not based on funds special or segregated reserve for that purpose, are imputed social contributions, in which state employees can be considered protected against certain needs or circumstances. Accordingly, a fee is charged to those employees in an amount equal to the contributions social be necessary to ensure the right to social benefits they accumulate.

Compensation of employees is defined as:

RA = SYS + CS

Where:

  • RA = Compensation of employees
  • SYS = Wages and salaries
  • CS = social contributions payable by employers

Wages and salaries are defined as:

SYS = SYSD + Syse

Where:

  • SYS = Wages and salaries
  • SYSD = Wages and salaries in cash
  • Syse = Wages and salaries in kind

Social contributions are defined as: 

CS = CSE + CSI

Where:

  • CS = social contributions payable by employers
  • CSE = actual social contributions
  • CSI = imputed social contributions