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Mexico's Registry Of Individuals Or Legal Entities That Render Specialized Services Or Execute Specialized Works - Employment and HR


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On May 24, 2021, the Ministry of Labor and Social Welfare
(
Secretaría del Trabajo y Previsión Social)
(STPS) published guidance under the
recently amended Mexican Labor Law in the
Official Gazette
of the Federation clarifying the outsourcing registration
requirements for individuals and entities that provide
subcontracting services. The amendment generally prohibits
employers from subcontracting or outsourcing personnel, but
includes carve-outs and exceptions under limited circumstances. The
following provides a basic overview of the STPS outsourcing
registration guidance.
Who is required to register with the STPS? ....

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Mexico Publishes Guidelines for Registering Subcontractors | Holland & Knight LLP


[co-author: Jorge Andazola]
Mexico s
Federal Official Gazette issued on May 24, 2021, the agreement announcing the general provisions for the registration of individuals or legal entities that provide specialized services or perform specialized works in connection with the outsourcing reform dated on April 23, 2021.
These guidelines are addressed to individuals and legal entities that perform specialized services or works (and that must provide personnel to perform such specialized service or work in accordance with the outsourcing reform), as well as to all those companies that provide complementary or shared services or works in the same business group. These services and works have elements or distinctive factors of the activity performed by the contractor, which must be substantiated with training, certifications, permits or licenses that regulate the activity, equipment, technology, assets, machinery, etc., which provide added value to the beneficiary. ....

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Do credit supply shocks affect employment in middle-income countries?


Do credit supply shocks affect employment in middle-income countries?
Image
Small and medium-size firms (SMEs) have been a subject of great interest to scholars and policy makers, as these enterprises play a critical role in the provision of employment around the globe (Ayyagari et al. 2011). However, the ability of SMEs to create jobs is hampered by their limited access to adequate finance, particularly in low- and middle-income economies (LMIEs) in which credit constraints are severe et al. 2003; Ayyagari et al. 2011; Stein et al. 2010). Having lower saving rates, weaker investor protection, underdeveloped credit bureaus, and less competitive banking environments, LMIEs have credit markets that are smaller and less efficient in dealing with informational asymmetries (La Porta et al. 1997; Djankov et al. 2007; Calomiris et al. 2017). Thus, SMEs in these countries face higher interest rates, larger credit constraints, and higher costs of switching across banks, implying th ....

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