New Mexico Paychecks laws & compensation compliance analysis

New Mexico Paychecks: What you need to know

All employers are covered, except employers of domestic laborers in private homes and employers of livestock and agricultural labor (NM Stat. Sec. 50-4-1).
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Wages include all amounts for labor or services determined by time, job, piecework, commission, or any other method (NM Stat. Sec. 50-4-1).
Employers must designate regular paydays no more than 16 days apart (NM Stat. Sec. 50-4-2). Employers may pay exempt executive, administrative, and professional employees and outside salespeople monthly, except where a collective bargaining agreement states otherwise.
Employers whose payrolls are computed, prepared, and issued in New Mexico must pay for services performed from the first to the 15th day of each month by the 25th of the month. For services performed from the 16th to the last day of the month, payment must be made by the 10th day of the succeeding month.
Employers whose payrolls are computed, prepared, and issued at a central location outside of New Mexico must pay for services performed between the first and the 15th day of the month by the last day of the month. For services performed between the 16th day and the last day of the month, payment must be made by the 15th day of the succeeding month.
Where the amount of pay is computed on a task, piece, commission, or other indefinite or unfixed basis, the employee and employer may agree in writing at the time of hiring that the wages be paid monthly. Such monthly payments must, however, be made by the 10th of the following month.
Joint ventures. In situations in which an employer and employee enter into an agreement at the time of hire that a part of the employee's compensation is to be a financial interest in ...

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