2023: The Year Ahead For Employers
In 2023, it is important to accentuate that important changes in
Labour and employment are expected due to the new government (left
wing) bill proposals that will likely be issued in the first
semester of 2023.
2023: The Year Ahead for Employers highlights the legislation,
litigation, regulation, and trends nationwide that will impact
businesses in 2023.
At the start of a new year, private sector employers will face
new challenges and will have to comply with various labour-related
obligations. Here are the most relevant ones:
- Wage increase: The minimum wage for the year 2023 was
set at $1,160,000 (COP) by Decree 2613 of 28 December 2022. This
increase must be taken into account for workers who were earning
the minimum wage, for those who in 2022 earned a monthly salary
between $1,000,000 (COP) and $1,160,000 (COP), and also for workers
who earn a full integrated minimum salary, which for 2023 is set at
$15,080,000 (COP).
