Global Headhunting & Recruitment Solutions in Columbia
Why create a global recruitment strategy?
Creating a global recruitment strategy is essential for businesses that operate in multiple countries or regions. Such a strategy can help a business find the best talent from around the world, while also ensuring that they are following applicable laws and regulations.
- 1. Helps to standardize the recruitment process across different locations and ensure that all candidates are subject to the same criteria and standards. This helps to ensure a level playing field, reduce bias, and ensure that the best talent is identified. It also helps to ensure that a business is compliant with applicable laws, such as anti-discrimination laws, and can demonstrate due diligence in their hiring practices.
- 2. It enables businesses to attract talent from different cultures and backgrounds, which can help to create a diverse and inclusive workplace. This can lead to a range of benefits, such as improved engagement, higher productivity, and better customer service.
- 3. It can help ensure that a business is able to identify the right skills and qualifications for the roles they are seeking to fill. By having a standardized recruitment process, businesses can ensure that they are selecting the right candidates for the right roles.
Why hire talents in Columbia?
There are several reasons why companies may choose to hire talents in Columbia :
- Large Talent Pool: Columbia has a large and diverse talent pool, with a population of over 50 million people. The country is home to numerous universities and educational institutions, producing a highly skilled and educated workforce.
- Cost-effective: Hiring talent in Columbia can be cost-effective compared to other countries in the region, such as Brazil or Argentina. The cost of living in Columbia is relatively low, which translates to lower salaries and operational costs for businesses.
- Multilingual Skills: Many Colombians are bilingual or even trilingual, speaking Spanish, English, and Portuguese. This makes them ideal candidates for companies looking to expand into the Latin American market or conduct business with Spanish-speaking countries.
- Government Incentives: The Colombian government offers various incentives to businesses that hire local talent, such as tax breaks and subsidies. These incentives make it easier and more affordable for companies to recruit and retain top talent in the country.
- Cultural Compatibility: Colombian culture shares many similarities with other Latin American countries, making it easier for businesses to integrate into the local market and work with local customers and partners.
How much does it cost to hire talent in Columbia?
Compared to other Latin American countries such as Brazil or Argentina, Colombia generally has a lower cost of living and lower salaries, making it a more cost-effective option for businesses.
According to data from PayScale, the average salary in Colombia is around COP 46 million (approximately USD 12,000) per year. However, this figure can vary widely depending on the specific job role and level of experience. For example, a software developer in Colombia can earn between COP 30-90 million (approximately USD 8,000-24,000) per year, while a marketing manager can earn between COP 50-150 million (approximately USD 13,000-40,000) per year.
Employee labor laws in Columbia
Working Hours in Columbia
The standard working hours in Columbia are 48 hours per week, with a maximum of 12 hours per day. However, the government has established regulations that aim to protect workers’ rights and promote a work-life balance.
According to Colombian labor law, employees are entitled to a minimum of one day off per week, which is usually on Sundays. In addition, employees are entitled to paid vacation time, which is typically calculated based on the length of service and ranges from 15 to 30 days per year.
Minimum wage
The minimum wage in Colombia is set by the Colombian government each year, based on recommendations from labor unions and employers’ associations. As of 2023, the monthly minimum wage in Colombia is COP 1,014,200, which is equivalent to approximately USD 267.
General taxation
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Type of Tax
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Rate
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Description
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Income Tax
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Progressive rates ranging from 0% to 39%
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Worldwide income for residents; Colombian-sourced income for non-residents
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Corporate Tax
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33%
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Worldwide income for resident corporations; Colombian-sourced income for non-resident corporations
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Financial Transactions Tax
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0.4%
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Transactions such as withdrawals from checking accounts, wire transfers, and purchases of foreign currency
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Hire the best talent in Columbia with EER Global
EER Global offers a thorough, personalized, and expert approach to sourcing top talent for your organization. By carefully evaluating and pinpointing the ideal candidate for your specific role, they can spare you the time and resources that would otherwise be wasted on hiring the wrong person.
Leveraging their industry expertise and extensive network, they are adept at identifying the most outstanding candidates in the job market, enabling you to promptly and effectively fill your positions. Moreover, they can provide valuable insights and guidance on the recruitment process, empowering you to make informed decisions that align with your business objectives. If you are seeking to recruit in Columbia , do not hesitate to reach out to EER Global’s dedicated team of professionals for further details.
