The Ministry of Labor, through a press release, announced the figures that will govern the minimum wage for 2019. At the negotiation table between the National Government, the economic unions and trade union organizations, an agreement was reached for an increase of 6% for the salary and 10% for the transportation allowance. On December 20, … Read more
Article 49 of Law 1955 of May 25, 2019 (PND for the 2018 to 2022 term) provided that as of January 1, 2020 all fines, fees, tariffs, penalties and stamps that are currently expressed in terms of current legal monthly minimum wages -smmlv- (case, for example, of traffic fines, penalties of the Criminal Code and … Read more
After failing to reach an agreement between employers and workers in the negotiations, President Iván Duque announced the adjustment of the minimum wage for next year. The Government defined a 6% increase in the minimum wage in Colombia, which means an increase of $49,686. The increase will also be of the same percentage for the … Read more
The unions are looking for the minimum wage for the following year to reach one million pesos, which would mean an increase of around 15%. Anif recommends that it should be less than 6%: around 2% or 3%. Below, we present the figures that are being handled by the different sectors. Although formal discussions on … Read more
The Colombian government set the minimum wage increase for 2021 at 3.5%, thus reaching $1,014,980 (SMMLV $908,526 + transportation allowance of $106,454). “New minimum wage for 2021. For the first time in the history of Colombia and fulfilling a campaign promise, it will exceed, including the transportation allowance, one million pesos. In total it will … Read more
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