Latin America and Caribbean

Benefits

Providing for OCLC employees and their families

The following is general information and a summary of benefits programs applicable to employees of OCLC México. These benefits are in addition to statutory benefits mandated by law. OCLC México reserves the right to revise voluntary benefit programs at any time. Receipt of this information does not constitute a promise of employment.

Payday

OCLC México employees are paid Mexican Pesos on a monthly basis, subject to employee approval, current to the last scheduled workday of the month.

Direct deposit

OCLC México directly deposits employee payroll checks to the bank of their choice, if possible. OCLC México uses Banamex Financial Group, of which Banco Nacional de México is the lead bank.

Retirement Programs

OCLC México pays contributions to the Mexican Social Security Institute Pension program.

Holidays

OCLC México observes the 7 public holidays: January 1, February 5, March 21, May 1, September 16, November 20, December 1 (Inauguration Day once every 6 years) and December 25, plus 3 floating holidays at the employee's choice and if the Company is able to approve the same in accordance to its operation needs. The holiday schedule observed in the United States does not apply to employees working in countries outside of the United States.

Vacation

Base level vacation days accrue at 6.667 hours/month to a maximum of 80 hours (10 days) per calendar year up to a maximum of 13.334 hours/month or 160 hours (20 days) per calendar year.

Vacation Bonus

Employees of OCLC México are paid an additional amount up to 50% of daily base salary for each vacation day.

Christmas Bonus

Employees of OCLC México receive 20 days of base salary to be paid by December 20 of each year.

Car Allowance

Base level allowance is set at MXP$55,844.89 per year - paid per month MXP$4,653.74 ($US 5,000). This is taxable income to the individual.

Medical

OCLC México reimburses the reasonable and customary cost of coverage subject to employee's insurability - premium cost reviewed annually.

Accidental Death and Dismemberment

OCLC México reimburses the reasonable and customary cost of coverage subject to employee's insurability - premium cost reviewed annually. Coverage usually provided via rider to life insurance policy.

Life Insurance

OCLC México reimburses the reasonable and customary cost of coverage for 24 months of salary subject to employee's insurability - premium cost reviewed annually.

Long Term Disability

OCLC México reimburses the reasonable and customary cost of coverage subject to employee's insurability - premium cost reviewed annually. Usually provided via rider to life insurance policy.

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