ARTICLE · 23 SEPTEMBER 1997
Employment Law And Practice In Colombia
ColombiaAccounting and Audit
Conditions of Employment
The Colombian Labor Code establishes and regulates terms and conditions of employment, safety in the workplace, organized labor, and other related matters.
Working Hours, Holidays, and Vacations
The normal Colombian work day consists of a nine-and-one-half-hour day. The work week is normally forty-eight hours. These hours can be increased if overtime is recognized by the employer at set rates.
Employees are entitled to leave on holidays and to fifteen working days of paid vacation time per year.
Rate of Pay, Bonuses, and Additional Remuneration
The parties may freely negotiate employee remuneration as long as the Colombian minimum salary is paid. For 1997, the minimum monthly salary is $172,005. Employees earning up to two minimum salaries must also be paid a transportation allowance.
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