The average employer tax in Colombia is about 25% (on top of an employee’s base salary). Such employees receive additional compensations integrated with their monthly salary and aren’t eligible for a separate 13th salary. Transport or connectivity aid to eligible employees.Ĭolombian employees are entitled to a 13th salary - a month’s salary that’s paid as a bonus in two installments.Ĭolombian labor laws stipulate an integral salary for employees with monthly income less than 11,810,838 COP.State tax contribution to institutions like Instituto Colombiano de Bienestar Familiar (ICBF), Servicio Nacional de Aprendizaje (SENA) and the Caja de Compensación Familiar (CCF).The employer’s contribution averages between 20-30% of the employee’s base salary, while for employees, it’s around 8% (usually deducted as payroll tax).Įmployers may also be obliged to pay additional taxes and compensations such as: The True Cost of a Colombian EmployeeĪn employee’s gross salary may include benefits and allowances such as housing, health insurance, etc., and is subject to income tax and other mandatory deductions.Ĭolombia has a social security system that offers benefits related to healthcare, pension, death and labor risk, etc.īoth employers and employees are required to contribute towards these benefits. Type of work - full-time, part-time, or remote work.Ĭonsidering the above factors, Colombia’s average annual salary is 56,300,000 COP or USD 14,425 (as per the exchange rates in August 2021).įor an even broader perspective on average income, employers and expats could also look at the average salary range (maximum and minimum salary) in Colombia.Īccording to Salary Explorer, Colombian employees can earn anywhere between an average minimum monthly salary of 1,190,000 COP to an average maximum of 20,900,000 COP.īut what’s the actual cost of an employee in Colombia? A. ![]() Stats and Trends for Average Salary in ColombiaĪverage salary figures for Colombia are generally a good indicator of how much an average person in the country typically earns.Įmployee salaries in Colombia may vary significantly based on: 3 Top Reasons to Outsource Software Development to Colombia. ![]() How Does the Colombian Wage Fare Against Other Countries?.Stats and Trends for Average Salary in Colombia.(Click on the below links to jump to a relevant section) In this article, we’ll share key stats and trends on the average salary in Colombia, along with the top three reasons to outsource software development to Colombia. That’s significantly less than the highest average salary figures in most other countries.įor example, the average monthly salary of an employee in the USA and Luxembourg is around USD 7,900 and USD 5,385, respectively.Īs a result, Colombia is one of the top cost-effective destinations for outsourcing processes like software development. ![]() As per the latest exchange rate in August 2021, this roughly amounts to USD 1,200. The average salary in Colombia is about 4,690,000 COP (Colombian Peso) per month.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |