Colombia
Looking to expand your business into Colombia? Our Employer of Record (EOR) services provide comprehensive support tailored to the Colombian market. We handle all aspects of local employment, from navigating complex labor laws to managing payroll and benefits. With our expertise in the Colombian market, you can confidently establish your business in Colombia, knowing that you have a trusted partner managing your international employment needs.
Colombia, known for its vibrant culture, stunning landscapes, and growing economy, is an attractive destination for businesses looking to expand internationally. TCWGlobal serves as your trusted partner in navigating the complexities of hiring in Colombia, offering comprehensive solutions for building your contingent workforce.
There are two subcategories of workers in Colombia - Ordinario and Integral
Fixed term contracts are allowed, for a maximum of 12 months. A total of two extensions may be granted in the twelve month period.
Probationary periods are permitted for a maximum of two months. During this trial period, either party may terminate the employment contract without notice. If the employer is ending the employment relationship, they must provide the worker with the reasons why the worker does not have the required skills to perform the job duties.
There are 19 paid public holidays in Colombia.
Workers are entitled to 15 days of annual leave. Annual leave can be used in two vacation periods, and is paid out at termination.
A standard workweek is 8 hours per day, not to exceed 42 hours per week. There is a maximum on daily hours worked of 10.
Overtime pay is 25% of the worker's regular hourly rate. There is a 35% premium for work performed at night (9pm-6am).
There are 13th and 14th month bonuses required for workers in the Salario Ordinario category. The 13th month is paid 50% in June, 50% in December. The 14th month is paid 100% in February
15 days notice is required for terminations due to poor performance. Severance obligations depend on the worker's compensation amount and length of service.
a. Additional Health care (knows as prepaid medicine or complementary bonus) b. Life Insurance c. Car allowance d. Gym/Spa/Health programs e. Additional PTO or Annual Leave days Study Loans for their children
Pension Fund,Health Fund,ICBF Contribution,Sena Contribution,ARL Contribution and Compensation Fund Contribution
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