Employee Benefits in Mexico - Analysis & Forecast

The Report Employee Benefits in Mexico provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

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Albany, NY -- (SBWire) -- 01/20/2015 --Synopsis

The report provides in-depth industry analysis, information and insights into employee benefits in Mexico, including:

* An overview of state and compulsory benefits in Mexico
* Detailed information about private benefits in Mexico
* Insights into various central institutions responsible for the administration of the different branches of social security
* The regulatory framework of employee benefits in Mexico

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Executive summary

Mexico's social security system was introduced in 1942 and has since evolved in terms of scope and coverage. The Mexican Social Security Institute (IMSS) and the Institute for Security and Social Services for Government Workers (ISSSTE) are the governing bodies of social security system. The existing social security system was introduced on July 1, 1997 and is based on defined contributions instead of the earlier pay-as-you-go system. The system provides coverage for disability, death and retirement benefits. Individual accounts are created for employees and contributions made by employee, employer and government are credited therein.

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Scope

This report provides a detailed analysis of employee benefits in Mexico:

* It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits.
* It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, minimum resources, annual vacations, unemployment and private benefits.
* It highlights the economic and regulatory situations relating to employee benefits in Mexico.

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Reasons to buy

* Make strategic decisions using in-depth information related to employee benefits in Mexico.
* Assess Mexico's employee benefits market, including state and compulsory benefits and private benefits.
* Gain insights into the key employee benefit schemes offered by private employers in Mexico.
* Gain insights into key organizations governing Mexico's employee benefits, and their impact on companies.

Key highlights

* Persons who joined the labor force prior to July 1, 1997 receive benefits according to the SAR (Sistema de Ahorro para el Retiro) or MIA (Mandatory Individual Account) system. If a person elects to receive benefits through MIA system, his or her SAR account balance is transferred to a new MIA. Persons who were employed on or after July 1, 1997 are provided MIA.
* Those employed by the state contribute 6.125% of their payroll towards retirement, unemployment in old age, disability, occupational risks and death benefits. The employer contributes 5.175% of the employee's basic salary and the overall government contributes 5.5% of the minimum wage according to the federal district.
* Private benefits are employee benefits that are not mandated by law but are provided by the employer to increase employee motivation. With almost 70% of medium and large companies offering retirement plans, this is the most provided benefit.

Related Reports

Employee Benefits in the Philippines

View Full Report at http://www.marketresearchreports.biz/analysis/241524

Synopsis

The report provides in-depth industry analysis, information and insights into employee benefits in the Philippines, including:

* An overview of state and compulsory benefits in the Philippines
* Detailed information about private benefits in the Philippines
* Insights into various central institutions responsible for the administration of the different branches of social security
* The regulatory framework of employee benefits in the Philippines

Download Detail Report With Complete TOC at http://www.marketresearchreports.biz/sample/sample/241524

Executive summary

The Philippines is seen as one of Asia's most socially progressive countries, because of its commitment to providing citizens with secured livelihoods; the Philippine constitution guarantees individuals complete social, economic and cultural rights. Female employees and the primary labor force are granted special rights. However, the county has a long way to go in terms of providing full social entitlement to all citizens. Furthermore, distribution of benefits is unbalanced, and only a small proportion of the population benefits.

Employee Benefits in South Korea

View Full Report at http://www.marketresearchreports.biz/analysis/241526

Synopsis

The report provides in-depth industry analysis, information and insights into employee benefits in South Korea , including:

* An overview of state and compulsory benefits in South Korea
* Detailed information about private benefits in South Korea
* Insights into various central institutions responsible for the administration of the different branches of social security
* The regulatory framework of employee benefits in South Korea

Download Detail Report With Complete TOC at http://www.marketresearchreports.biz/sample/sample/241526

Executive summary

The South Korean social security system comprises social insurance, public assistance and social welfare services. The main component of the Korean social security system is the social insurance program, and the most important sector with respect to resources and expansion is health insurance. The country has an industrial accident insurance program and a government pension system that covers civil servants, military personnel and private school teachers. These systems aim to protect and secure citizens' income, health and employment. Foreigners who work in South Korea can also be insured by these schemes, and be entitled to the same benefits as Korean nationals. Cover under these schemes is also extended to dependents of the employees.

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