Compliantly hire your distributed team members in
Colombia
To hire new employees in
Colombia
, your business must have a local legal entity or an Employer of Record like Borderless in place already. Then there’s the management of local employment compliance, taxes, benefits, payroll, and more. Hiring contractors poses similar challenges.
Borderless handles all of that for you, so you can focus on getting to work with your new team member in
Colombia
while staying fully compliant with local laws and compliance.
Spanish
Colombian peso ($, COP)
Biweekly/Monthly
18 days
29.848-36.2%
$ (131 of 139 nations)
15 days
Up to 540 days
18 weeks
In many countries like
Colombia
, the treatment of employees and contractors is different. If you misclassify a new team member, you could be subjected to penalties and fines. Let Borderless get this right for you, so you don’t have to worry.
COP 1,000,000 per month.
Standard working hours are 8 hours per day, 40 hours per week, Monday to Friday or can be extended to 48 hours, from Monday to Saturday.
Overtime is paid at a premium of 25% and should not exceed 2 hours per day or 12 hours per week.
Sick leave is paid at different rates and by different entities
For all Borderless customers, payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
*One tax unit is COP 38,004 for FY 2022.
Any employee or employer terminating employment must state in writing the time of termination and the cause that lead to the decision. Employers must present a "fair" reason for termination or will be subject to penalties and fines by law.
Notice is not required if the employee was terminated for misconduct.
30 days notice is required for workers on a fixed-term contract before it expires.
15 days notice is required for workers on a non-fixed term contract for poor performance. Workers can respond and challenge the decision within 24 hours.
Probation periods are not mandatory. For indefinite term contracts, the maximum probation period is 60 days and for fixed-term contracts, the maximum is 1/5 of the initial term agreed, up to a maximum of 60 days.
Severance pay in Colombia varies on the nature of termination, salary, and the type of contract.
In fixed-term agreements, severance must be the balance of salary to the last date of the contract.
In non-fixed term agreements, severance is based on the employee's current salary and years of service.
When the world is your competition, it pays to incentivize new hires and existing alike. Borderless benefits packages typically include:
Book your demo of Borderless to help you hire, pay, and take care of new employees and contractors in 170+ countries.
.jpeg)
