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Manufacturing in Mexico: Is Naming an Employer of Record Necessary to Minimize Risks?

Ivemsa

There are numerous benefits when manufacturing in Mexico. and other foreign manufacturing leaders have relied on Mexico for decades when it comes to expanding production. Therefore, most companies find it advantageous to name a shelter company as their Mexico employer of record (EOR). Though the majority of U.S.

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Manufacturing in Mexico: Is Naming an Employer of Record Necessary to Minimize Risks?

Ivemsa

There are numerous benefits when manufacturing in Mexico. and other foreign manufacturing leaders have relied on Mexico for decades when it comes to expanding production. Therefore, most companies find it advantageous to name a shelter company as their Mexico employer of record (EOR). Though the majority of U.S.

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Are Mexico Shelter Services Worth the Cost?

Ivemsa

Partnering with a Mexico shelter company is one of the main strategic decisions U.S. Although foreign manufacturers have benefited from Mexico shelter services for decades, many companies are entertaining the idea for the first time. Employee Recruiting and Retention Labor is another key factor when expanding production to Mexico.

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Mexico Labor Costs: How the Rise in Minimum Wage Affects Manufacturers

Ivemsa

Cost-effective labor is one of the biggest benefits of manufacturing in Mexico. However, with the recent change in Mexico’s minimum wage, U.S. For 2024, Mexico has instituted a 20% minimum wage adjustment, increasing from $312.41 Manufacturing labor rates in Mexico are already higher than the federal standard.

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Getting Started: What to Consider During the Site Selection Process

Ivemsa

for decades, manufacturing in Mexico has steadily become the more favored strategy. And, in 2023, Mexico replaced China, taking over the top spot. There are several manufacturing hubs already set up throughout Mexico, ready for the influx of new U.S. Though China has been the leading trading partner of the U.S.

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Challenges U.S. Manufacturers Face & How Shelter Services in Mexico Provide Solutions

Ivemsa

manufacturers have gone through unprecedented setbacks in recent years, causing many to shift focus to manufacturing in Mexico to course-correct and ramp up production. Here’s a closer look at what these specific challenges entail and how being part of the IMMEX program and implementing shelter services in Mexico can make all the difference.

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Hiring for Manufacturing in Mexico: What to Expect

Ivemsa

One of the biggest advantages of manufacturing in Mexico is the availability of a skilled, cost-effective workforce. However, foreign companies may not know exactly where to start when recruiting and hiring employees for their operations. Hiring Senior-Level Positions. Hiring Production-Level Workers.