Colombia
Service Fee
15%
Percentage of the candidate's annual gross salary

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Country Snapshot

Currency

COP

Timezone

UTC-5

Minimum Wage

1.42M COP/Month

Payroll Frequency

Monthly

Employment Type

Full-time

Colombia is a growing Latin American economy with increasing foreign investment and a young, skilled workforce.

General Information

CapitalBogotá
Population53,425,635
TimezoneUTC-5
Official LanguageSpanish

Employment Laws

Working Hours48h / week
Minimum Wage1.42M COP/Month
Probation PeriodUp to 2 months
Notice Period30 days

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Leave Entitlements

Annual Leave15 days
Public Holidays18 days
Sick LeavePaid
Maternity Leave18 weeks
Paternity Leave2 weeks

Social Security

Employer Rate20%
Employee Rate8%

PILA (Integrated Contribution System)

Additional Information

Colombia offers a growing and increasingly skilled talent pool, particularly in shared services and technology. English proficiency is improving, especially in major cities. Recruitment costs remain competitive. Hiring timelines are moderate. Retention challenges exist in high-demand roles.

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