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Colombia Sets Minimum Wage For 2021
Posted On January 19, 2021
The administration of Colombian President Ivan Duque issued Decree 1785 of December 29, 2020 establishing Colombia’s legal minimum wage for 2021 at $908,526 Colombian Pesos (COP) per month ($262.70 USD) as of January 1, 2021, 3.5% higher than in 2020.
The transportation subsidy, payable by employers to workers earning less than twice the monthly minimum wage increases to $106,454 COP ($30.78 USD)
Colombia’s “integrated salary” below which additional labor and compensation measures apply will be $ 11,810,838 COP per month ($3,415 USD per month, or $40,980.96 per year)
Conversions to US Dollars are based on rates as of January 18, 2021
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