Download as pdf or txt
Download as pdf or txt
You are on page 1of 5

EPAM Mexico Benefits Program provides a wide range of benefits designed to provide

a financial stability and balance your work and personal life. The Benefits Program
includes benefits per law (social security, retirement and others specified by Mexico
Labor law), and additional benefits to complement you and your family’s needs.

1
Strictly following Mexican Labor law, EPAM Mexico provides the following benefits:

SOCIAL SECURITY. VACATION BONUS.


By joining EPAM Mexico, you will be in a scheme 25% of your salary during the vacation period (12
of 100% payroll and entitled to the benefits days) will be paid as a vacation bonus within your
provided by the Mexican Social Security Institute work anniversary
(IMSS) such as medical services (medical care,
hospitalization, medicines and preventive care), PROFIT SHARING.
retirement (pensions, disabilities, widowhood You are entitled to a portion of EPAM Mexico
and orphanhood) and housing (through annual profit.
INFONAVIT Institute)

PAID LEAVES.
SOCIAL SECURITY DISCOUNTS AND Through the Mexican Social Security Institute,
PREFERENTIAL RATES. paid leaves apply for maternity, paternity, and
In theaters, vocational centers, funeral medical leaves.
services, marriage aid (once in a work-life) and
unemployment aid (discounted from Retirement).
END OF YEAR BONUS.
Per law, you are entitled to 15 days of paid salary
VACATIONS. to be administered by December 20th. EPAM
At EPAM Mexico, you will be entitled to a total of
12 paid vacation days per year, plus a total of 4
floating days per year.
TELEWORK BENEFITS.
If you choose the ‘Telework’ modality, you will
receive additionally a 700 MXN monthly payment
for electricity and Internet services. Also, EPAM
will provide you an ergonomic chair.

2
MAJOR MEDICAL EXPENSES INSURANCE. MEDICAL SERVICE IN EPAM MEXICO
In private medical care for employees, spouse, LOCATIONS.
and children under 25 years old To prevent, detect and treat medical conditions

DENTAL AND VISUAL PLAN.


Our medical service also provides talks, conduct
For employee, spouse, and children under
active and breathing pauses, among other
25 years old.
local activities.
GROCERY COUPONS.
DISCOUNTS.
10% of your monthly salary (caped to 1
Our people team is constantly looking for
monthly UMA)

INTEGRAL COUNSELING.
SAVINGS FUND.
Psychological, nutritional, and
13% of your monthly salary (capped to 1.3
medical consultation.
monthly UMAs) will be retained for savings
LIFE INSURANCE. monthly and paid after a 12-month period.
All employees have a life insurance equivalent to The amount saved will be matched by EPAM
12 months of salary (minimum 500,000 MXN) in Mexico and paid with the corresponding interest
case of natural death (24 months of salary in case for the period.
of accidental death). The insurance also includes
LEARNING AND DEVELOPMENT
funeral expenses and assistance in paperwork.
Unlimited access to LinkedIn Learning solutions,
an Internal Mobility Plan providing opportunities
across 25 countries, and English language
classes with a certified teacher. Constant training,
mentoring, online corporate courses, eLearning
and more.

3
BENEFITS PER L AW

Social Security Tax deduction of 5%* (approximately)

EPAM pays 5% of your monthly salary to create


Housing (Infonavit)
your Housing fund for whenever you need it.

The Mexican Retirement Pension System receives


2% of the employee’s integrated salary. The funds are
Mexican Retirement Pension System (AFORE) deposited in individual retirement accounts planned
for the time when workers become entitled to enjoy it
according with the Social Security Law.

12 days per year (for the first 3 years and 2 days over the
Vacations the labor law afterward)

Floating Days 4 days

National Holidays 11 days

Portion of EPAM Mexico annual profit paid to


Profit Sharing
employees in May

Maternity Leave 84 days

Paternity Leave 5 days

Medical Leaves Depending on sickness or injury

End of Year Bonus (Aguinaldo) 30 days

ADDITIONAL BENEFITS

Major Medical Expenses Insurance provider Atlas

Coverage in Mexico 4500 UMAM; deductible


Major Medical Expenses Insurance
1 UMAM, co-insurance 10% (capped)

Coverage in foreign countries 60,000 USD,


Major Medical Expenses Insurance
co-insurance 60 USD

Life Insurance in case of natural death 12 months of salarylaw afterward (minimum 500,000 MXN)

Life insurance in case of accidental death 24 months of salary

Funeral expenses in Life Insurance 50,000 MXN

4
10% of the employee’s monthly salary
Grocery coupons
(caped to 1 monthly UMA)

Savings funds broker Actinver

13% of the employee’s monthly salary matched


Savings fund amount
by EPAM (capped to 1.3 monthly UMAs)

Integral Counseling Psychological, nutritional, and medical assistance

Medical Service In both locations, Guadalajara, and Mexico City

Marriage Leave 3 days

5 days of paid leave in the event of the death of


an immediate family member.
Funeral Leave
3 days of paid leave in the event of the death of
other family members.

Now EPAMers with more than 6 months in the company,


can buy EPAM Stocks at discounted price.

When you enroll, you will elect to contribute a percentage


of your regular base salary – ranging from 1% to 10% – for
a maximum of $7,500 per 6-month enrollment period
($15,000 annually).

Your contributions accumulate during each 6-month pur-


Employee Stock Purchase Plan – ESPP chase period and, at the end of each purchase period, are
used to purchase shares of EPAM stock at a discount.

This is a summary of the current plan details. Plan rules


and eligibility criteria are subject to change. Applicable
plan rules will be provided at each enrollment period. All
investing involves risk. You should consult your own tax,
legal and accounting advisors before enrolling in the ESPP.
Participation in the ESPP is not a condition of employment
or a guarantee of continued employment.

EPAM Systems is an equal opportunity employer. All qualified applicants will receive consideration for
employment without regard to race, religion, color, national origin, gender, gender identity, sexual
orientation, age, status as a protected veteran, status as a qualified individual with disability, or any other
protected characteristic under law.

You might also like