Every employer has the obligation to increase the minimum wage and the integral minimum wage. That is, as of January 1, 2023, a minimum salary of COP$1,160,000 must be paid to the employees. For those employees who earn an integral salary, they must be paid, at least, COP$15,080,000.

In addition to the monthly salary, excluding employees who earn an integral salary, employers must pay the fringe benefits established by Law.

Economic Benefits:

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. 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.
3. Legal Bonus = Each semester, 15 days of salary are paid. Payment dates June 30 and December 20.

Benefits in kind:

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. Legal Transportation allowance: Consists of the monthly payment of a fixed sum to employees who earn up to two minimum wages, which for 2023 is COP $140,606.

Every year the employee has the right to 15 working days of paid leave. It is mandatory that employees enjoy, at least, 6 business days of vacation per year.