{"id":23387,"date":"2023-06-28T16:45:02","date_gmt":"2023-06-28T21:45:02","guid":{"rendered":"https:\/\/mascolombia.com\/all-about-the-minimum-wage-2023-in-colombia-including-transportation-subsidy\/"},"modified":"2025-09-03T13:29:04","modified_gmt":"2025-09-03T18:29:04","slug":"all-about-the-minimum-wage-2023-in-colombia-including-transportation-subsidy","status":"publish","type":"post","link":"https:\/\/mascolombia.com\/en\/all-about-the-minimum-wage-2023-in-colombia-including-transportation-subsidy\/","title":{"rendered":"All about the minimum wage 2023 in Colombia, including transportation subsidy"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><h2>How much is the minimum wage in Colombia in 2023?<\/h2><\/h2>\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400\">Minimum wage in force in 2023:<\/span><b> $1,160,000 COP.<\/b><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Transportation subsidy in 2023: <\/span><b>$140,606 COP.<\/b><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Minimum wage with transportation subsidy in 2023: <\/span><b>$1,300,606 COP.<\/b><\/li>\n<\/ul>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Realiza el c\u00e1lculo en d\u00f3lares del salario m\u00ednimo con el valor (TRM) <a href=\"https:\/\/mascolombia.com\/en\/trm-today-dollar-colombia-updated\/\" data-type=\"link\" data-id=\"https:\/\/mascolombia.com\/dolar-en-colombia-hoy-trm\/\">dolar hoy<\/a>.<\/p>\n<\/blockquote>\n\n<h2 class=\"wp-block-heading\"><h2><b>Total costs of an employee who earns the minimum wage<\/b><\/h2><\/h2>\n\n<p><span style=\"font-weight: 400\">It is important to take into account that the employer must pay <\/span><b>$1,770,407 COP\u00a0 per month for each employee earning the current minimum wage. <\/b><\/p>\n\n<p><\/p>\n\n<p>This is due to the fact that, in addition to what the worker receives, the employer must assume the costs of social security, parafiscal contributions, and social benefits of that worker.<\/p>\n\n<h3 class=\"wp-block-heading\"><h3><b>Monthly social benefits costs for a worker earning minimum wage in 2023<\/b><\/h3><\/h3>\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400\">Service bonus: <\/span><b>$108,340 COP.<\/b><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Severance pay: <\/span><b>$108,340 COP.<\/b><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Interest on severance payments: <\/span><b>$13,001 COP.<\/b><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Vacation:<\/span><b> $48,372 COP.<\/b><\/li>\n\n\n\n<li><b>Total benefits: $278,054 COP.<\/b><\/li>\n<\/ul>\n\n<p>It is important to note that these payments are not made every month. In order to maintain the time unit, the monthly cost was calculated.<\/p>\n\n<p>With regard to vacations, it was assumed that these are compensated in cash and that the worker does not take the days off. It is true that, if the worker does go on vacation, he\/she will not receive salary plus vacation. However, the employer will probably find it necessary to hire a replacement, which will have a similar cost.<\/p>\n\n<h3 class=\"wp-block-heading\"><h3><b>Monthly social security costs of a worker earning a minimum wage in 2023<\/b><\/h3><\/h3>\n\n<ul class=\"wp-block-list\">\n<li>Health contributions: not applicable, according to Article 114-1 of the Tax Statute.<\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Pension contributions: <\/span><b>$139,200 COP<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Labor risks: <\/span><b>$6,055 COP<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n\n\n\n<li><b>Total social security:<\/b> <b>$145,255 COP<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<\/ul>\n\n<h3 class=\"wp-block-heading\"><h3><b>Monthly costs for parafiscal contributions in 2023<\/b><\/h3><\/h3>\n\n<ul class=\"wp-block-list\">\n<li>SENA: not applicable, according to Article 114-1 of the Tax Statute.<\/li>\n\n\n\n<li>ICBF: not applicable, according to Article 114-1 of the Tax Statute.<\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Compensation Fund:<\/span><b> $46,400 COP.<\/b><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Total parafiscales: <\/span><b>$46,400 COP.<\/b><\/li>\n<\/ul>\n\n<p><span style=\"font-weight: 400\">The monthly cost for a worker earning a minimum wage <\/span><b>($1,770,407 COP)<\/b><span style=\"font-weight: 400\"> is the sum of the monthly minimum wage, transportation allowance, social benefits, social security, and parafiscal contributions.<\/span><\/p>\n\n<h2 class=\"wp-block-heading\"><h2><b>Amount of people earning the minimum wage in Colombia<\/b><\/h2><\/h2>\n\n<p>According to labor market figures presented by the National Government, 15.7% of the employed personnel in Colombia earn a salary equivalent to the minimum wage. This represents around 3.4 million people, out of a total of 22 million workers in the country.<\/p>\n\n<p><span style=\"font-weight: 400\">On the other hand, <\/span><b>43.1% of workers earn less than the legal minimum wage<\/b><span style=\"font-weight: 400\"> in force in Colombia.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Find here everything you need to know about the minimum wage 2023 in Colombia.<\/p>\n","protected":false},"author":1,"featured_media":23046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_focus_keyword":"Minimum wage","rank_math_title":"","rank_math_description":"","rank_math_primary_category":"9","footnotes":""},"categories":[9],"tags":[776,23],"mc_distribution":[686],"class_list":["post-23387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-empleo","tag-article","tag-articulo","mc_distribution-colombianos-en-el-exterior"],"acf":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/posts\/23387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/comments?post=23387"}],"version-history":[{"count":1,"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/posts\/23387\/revisions"}],"predecessor-version":[{"id":104370,"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/posts\/23387\/revisions\/104370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/media\/23046"}],"wp:attachment":[{"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/media?parent=23387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/categories?post=23387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/tags?post=23387"},{"taxonomy":"mc_distribution","embeddable":true,"href":"https:\/\/mascolombia.com\/en\/wp-json\/wp\/v2\/mc_distribution?post=23387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}