Colombian Labor Law for Expats: Contracts, Severance & Employee Rights
Colombian labor law is more pro-worker than most foreigners expect. Here's what you need to know about contracts, mandatory benefits, liquidación, and your rights as an employee.
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Sample Liquidación — 3,000,000 COP/month × 8 months
Cesantías: 3,000,000 × (8/12) = 2,000,000 COP
Intereses de Cesantías: 2,000,000 × 12% × (8/12) = 160,000 COP
Prima de Servicios: 3,000,000 × (8/12) = 2,000,000 COP
Vacaciones: 3,000,000 × (15 days/360) × 240 days = 1,000,000 COP
Total Liquidación: ~5,160,000 COP (~$1,250 USD)
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