With a mixture of emerging and booming economies,
political uncertainty and extreme contrasts in business customs,
the Americas can never be categorized as one homogeneous
whole.
Colombia provides a gateway for companies to expand into Central
and South American states. But when you operate in multiple
countries and start to hire your employees, you must be aware to be
fully compliant with the local labor regulations as well as your
internal HR and payroll policies. Here we take a look at how HR
& Payroll works in Colombia.
Social security system
Colombia has a mandatory social
security system, which provides benefits for retirement,
healthcare, and labor risks.
Both the employers and the employees
are required to make contributions towards social sec
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