| Navigating Latin America's new labour laws |
| James Peters, founder and president of Global Expansion, writes for Forbes about significant labour law changes in Latin America, particularly in Mexico, Colombia, and Chile. Mexico has doubled mandatory holidays and proposed a reduction in working hours to 40 per week, despite business opposition. Colombia is gradually reducing maximum working hours from 48 to 42, while President Gustavo Petro's recent bill aims to enhance overtime pay. Chile's Congress has also passed a law to reduce working hours to 40 over five years, introducing flexible contracts. Companies are encouraged to build flexible compliance strategies, partner with local experts, consider Employer of Record services, and implement compliance management software to navigate these evolving regulations. |
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