As a guide, the following employer costs are payable in Colombia; however, this is subject to variation depending on the salary and job risk.
Pension fund: 12%
Medical plan: 8.5%
Labour risks: 0.5%
Family compensation funds: 4%
Employee contributions equate to 4% (pension fund) and 4% (medical plan).
In Colombia, it’s customary to have a 48-hour work week distributed over six days (eight hours per day).
It should be noted that an employee may not be required to work more than two hours per day as overtime, or more than 12 hours in a given week.
The ordinary working day is from 6:00 am to 9:00 pm. Overtime during the day is paid at a rate of 25% on top of the ordinary hourly rate. The working night is from 9:00 pm to 6:00 am; workers who ordinarily work during these hours must be paid 35% on top of the ordinary hourly rate.
Overtime pay for night work is equivalent to 75% on top of the ordinary hourly rate.
Employees who perform functions of direction, trust or management — as well as employees who are engaged in intermittent activities or in activities of simple vigilance, such as security guards — are excluded from the above rules regarding the maximum work day and overtime, provided they stay at the workplace.