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Every employer has the obligation to increase the minimum wage and the integral minimum wage. That is, as of January 1, 2021, a minimum salary of COP$908.526 must be paid to the employees. For those employees who earn an integral salary, they must be paid, at least, COP$11.810.838.
In addition to the monthly salary, excluding employees who earn an integral salary, employers must pay the fringe benefits established by Law.
2.1 Economic Benefits:
2.1.1 Severance = 1 month of salary per year of services. It must be liquidated every December 31 and transferred to a special fund chosen by the employee before February 15 of the following year.
2.1.2 Interest over Severance = 12% annual calculated over the value of the Severance. It must be paid to the employee during the month of January of each year.
2.1.3 Legal Bonus = Each semester, 15 days of salary are paid. Payment dates June 30 and December 20.
2.2 Benefits in kind:
2.2.1 Footwear and Clothing: 1 footwear and clothing every four months to employees who earn up to two minimum wages per month. This benefit must be given on April 30, August 30 and December 30. A certain quality or value is not required.
2.2.2 Legal Transportation allowance: Consists of the monthly payment of a fixed sum to employees who earn up to two minimum wages, which for 2021 is COP$106.454.
After implementing the SG-SST, employers have periodic obligations that they must comply with.
4.1 Health and Safety Committee: The committee must meet on a monthly basis.
4.2 Labor Harassment Prevention Committee: The committee must meet every three months.
4.3 Annual risk prevention training program: Staff must be trained annually on the risks to which they may be exposed in their work and ways of controlling said risks.
4.4 Annual work plan: The annual work plan must be adjusted every year in order to update the goals, responsibilities, resources, schedule of activities, among others.
4.5 Periodic medical evaluations: In order to constantly monitor the risk factors that employees face, an annual medical evaluation is suggested.
Address: Calle 72 No 5-83 Piso 5
PBX: (+57 1) 326 42 70 – (+57 1) 606 97 00
Fax: (+57 1) 606 97 00
Email: [email protected]
Address: Calle 72 No 5-83 Piso 5
PBX: (+57 1) 326 42 70 – (+57 1) 606 97 00
Fax: (+57 1) 606 97 00
Email: [email protected]