Mexico

-Mexico’s minimum wage is 141.70 (as of 2021) Mexican pesos per day according to Mexico compensation laws. This is true for all states except those at the Northern Border. Northern Border states (Baja California, Sonora, Chihuahua, Coahuila, Nuevo Leon, and Tamaulipas) have a minimum wage of $213.39 pesos per day.

-The net pay, which includes salary, cash benefits in kind, and hardship allowances, must be received in official Mexican banks and paid in pesos.

-employees are also entitled to an aguinaldo — a yearly bonus. The aguinaldo typically equals 15 days of salary and amounts to about four weeks of pay. Larger companies may give up to six weeks.

-workers earn an annual vacation entitlement of six days after their first full year of employment as part of Mexico benefit management. They receive an additional two vacation days for each year that they continue to work for the company.

-Employees in most states also are guaranteed a vacation bonus, which is at minimum 25% and goes to whatever the company determines. This percentage is granted based on the annual leave entitlement days and paid on the anniversary of the employee with the company.

-Many states also offer profit sharing, in which employees are entitled to receive at the latest on May 30 each year, and they receive up to 10% of net profit of the company. The profit that will be shared is divided into two parts: the first part will be split in equal parts amongst all employees, taking into consideration the number of worked days for each employee during the previous year; and the second part will be distributed in proportion to the amount of the salaries earned during the year.

-All employees get public health care coverage through the Mexican Social Security Institute. However, -many employers offer their workers supplementary health insurance options.

-Every employee is entitled to overtime pay, which is 100% of their regular pay, or 200% for Sundays or bank holidays.

-There are also specific compensation rules regarding employee sick leave. If an employee has an illness not related to work that keeps them out for more than three days, they will receive 60% of their salary. The 60% of their salary is paid by the Social Security Institute, and the remaining 40% of the salary is paid to the employer. If the sickness or accident is related to the job or commute, the employee gets 100% of their salary. For both the 60% salary compensation and 100% salary compensation, the employee will need to go to the Institute to file for sick days and get approval. (Mexico Compensation/Benefits , n.d.)

United Kingdom

-employees who work more than six hours a day are automatically entitled to a 20-minute break away from work.

-The employer’s portion of the National Insurance Contribution (NIC) provides the primary statutory benefit of UK health insurance. However, many companies choose to offer supplementary benefits such as medical, vision, dental, and life insurance that are not guaranteed in UK employment law.

-Before your employee starts, you are legally required to draft an employment contract. In that contract, you can specify when you will pay the employee, how they will get paid, what benefits they are entitled to, and how those will get dispersed.

-Any employment contract in the UK needs to include compensation in British pounds rather than US dollars.

-An early career Manager, Compensation & Benefits with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of £38,000 based on 7 salaries. A mid-career Manager, Compensation & Benefits with 5-9 years of experience earns an average total compensation of £62,843 based on 7 salaries. An experienced Manager, Compensation & Benefits with 10-19 years of experience earns an average total compensation of £60,714 based on 11 salaries. In their late career (20 years and higher), employees earn an average total compensation of £68,075. (UK Compensation/Benefits, n.d.)

3. Develop an outline for a training plan, making reasonable assumptions about the information a new manager would need to know at Fish to Go.

The minimum wage in Mexico is 141.70 pesos and in the northern states, it is 213.29 pesos and must be paid in pesos and received in Mexican banks. Employees are entitled to a yearly bonus and earn six vacation days after the first year of employment and earn two extra days after each consecutive year of employment. All employees get public health care and is entitled to overtime pay. There are also specific compensation rules regarding sick leave. If sick leave is related to the job, the employee receives 100% of their salary. If sick leave is not related to the job, employees get 60% of their salary and employers receive 40%. All sick days must be filed and approved by the Social Security Institute.

In the UK, before an employee starts work, an employment contract must be drafted. It says how much and when they will get paid and what benefits they are entitled to and when they will receive them. If an employee works more than six hours, they are entitled to a twenty-minute break. Employees must be paid in British pounds. The more experience a manager has, the more money they can earn. Managers with more than twenty years of experience can earn upwards of £68,075. The mandatory benefits in the UK include paid leave, statutory sick pay, and there is a national insurance scheme as well.

References

Mexico Compensation/Benefits . (n.d.). Retrieved from Globalization Partners: https://www.globalization-partners.com/globalpedia/mexico-employer-of-record/compensation/#content

UK Compensation/Benefits. (n.d.). Retrieved from Globalization Partners: https://www.globalization-partners.com/globalpedia/peo-uk/compensation/#globalpedia-info