National minimum wage in detail
In Colombia, no employee can earn less than the monthly minimum legal wage, which is set at COP 828,116 (EUR 233.02) per month for 2019. This rate applies to regular employees working eight hours a day, and 48 hours a week (distributed over six days). The monthly statutory minimum wage is set annually by the Permanent Negotiation Commission for Labour and Wage Policies, with delegates from the Government, business associations and trade unions. If the Commission does not reach agreement, the wage will be set by the National Government by means of a decree, taking into account factors that may impact on the national economy, such as the Consumer Price Index (CPI), the inflation target, any increase to gross domestic product, and economic productivity, amongst other variables. There are no gradations to the minimum wage in Colombia and it applies to all labour relationships.
Author: Brigard & Urrutia Abogados
Date: March 2019
Note: For specific advice on any particular issue, please consult the relevant firm. The law is stated as at March 2019.