Hire your remote team in Colombia

Only 399 EUR per employee per month

Hiring a remote team in a country as Colombia comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Colombia. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Colombia with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Colombia, particularly if you don't have established local relationships. You can hire employees in Colombia effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Colombia.

As an employer of record, we help you hire employees and run payroll services in Colombia, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Colombia.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Colombia or individually hire remote employees in Colombia, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Colombia services can best help your company!

3. Hire a remote team in Colombia

Hiring remote employees in Colombia is a decision that requires a lot of analysis and scrutiny. Recruiting the right employees is another important task. To prevent penalties and delays, employers must learn how to recruit personnel and understand the country's employment compliance rules.

Colombia has the 43rd biggest economy in the world in terms of nominal GDP (Gross Domestic Product) in 2020. The service sector accounts for 62.1% of the Colombian economy, followed by the industrial sector (30.8%) and the agriculture sector (7.2%). The service industry employs around 62% of the country's overall work force.

4. Cost of living in Colombia

Colombia's cost of living is $548, which is 1.7 times less costly than the global average. Colombia ranks 158th out of 197 nations in terms of cost of living and 91st in terms of quality of life.

Colombia's average after-tax wage is $312, which is enough to pay living costs for 0.6 months.

5. Cost of renting in Colombia

The cost of renting an apartment might vary depending on criteria such as location, housing size, and lifestyle quality. A one-bedroom apartment may cost roughly $260 per month, while a three-bedroom apartment may cost around $449 per month. Rent in Colombia is less expensive than in the United States.

6. Major industries in Colombia

Manufacturing is one of the country's most important industries. The country has long been the leading manufacturer of household appliances. The nation is also a hub for the production of foreign appliances. It is also a significant electronics manufacturer in South America.

Textiles and fashion are two of the country's primary industries. In the previous 10 years, the fashion business has grown significantly. Despite the fact that the textile sector has declined, vast marketplaces have bolstered clothing manufacturing.

The building sector is another significant business. It is important to the country's economy and is increasing at a rate of 20%. The government is investing in major transportation infrastructure, which will help the building sector. This industry offers career opportunities for foreigners.

7. Hiring cost in Colombia

Hiring may be a time-consuming and costly process that requires both money and effort. An employer should be willing to shoulder the costs of the whole procedure. The following variables influence recruiting costs:

- Hiring and interview procedures

- Orientation expenses

- Onboarding and training expenses

- Time invested in the whole process

8. Employment laws Colombia

Colombia has a regulated system that provides workers with fundamental rights and benefits. The criteria may alter depending on the industry. Every employment contract in Colombia is governed by the Colombian Labor Law. The Colombian Labor Law governs the following aspects:

- Maximum 8 working hours a day

- Minimum wage

- Paid and Unpaid leave

- Bonus and benefits

- Employee protection laws

- Social security laws

9. Top skills Colombia

Top skills in Colombia

Certain abilities might readily assist you in finding work in Colombia. There are several career opportunities available for an interested job seeker with the necessary hard and soft abilities. Colombia needs fantastic career opportunities. There are job openings ranging from an IT professional to a content manager.

Major skills and areas which have witnessed a recent growth rate

- Logistics

- Mechanics

- IT

- Telecommunication

- Financial services

- Customer services

Top skills city-wise occupation-wise

Each city in the nation demonstrates its excellence in certain sectors. Let's take a look at the many industries that operate in Colombia's various cities.

Bogota is Colombia's capital city and one of the world's tallest capitals. It is the country's business and financial center. The city is home to the country's primary financial markets. Food and beverage industries, exports, banking and financial services, and tourism are some of the major businesses. There are employment possibilities in the city for those looking for work.

Cali is one of Colombia's most populous cities and is also renowned as the country's sports capital. Cali is the only city that has held the Pan American Games as well as other major sporting events. The city is regarded as the Salsa Capital and for its parties and dancing. Tourism, agriculture, and cosmetics are among of the city's key industries.

Barranquilla is the biggest city in Colombia and is situated near the Caribbean Sea. It's also known as Colombia's Golden Gate. The city's principal industries are aviation, trade, and construction. It is also the country's retail, educational, and cultural hub.

10. Economic landscape in Colombia

In 2020, the GDP rate has declined by 6.85%, with a value of US $271.46. In 2021, the rate is predicted to rise by 5.15%. The unemployment rate has reached 15.44%, which is significantly high when compared to 2019. It is predicted to fall during the next several years, although this may take some time.

11. Market size in Colombia

Colombia is a middle-income developing market. Agriculture, manufacturing, textile and fashion, construction, and banking are the country's key industries. IT and the electronics industry are the country's fastest growing industries. There are chances in the nation for eager job searchers with the necessary skill sets.

12. Minimum wage in Colombia

Colombian compensation laws require that employees be paid on a monthly basis. Casual employees, on the other hand, may be paid weekly. While Colombia's minimum wage is currently 908,526 Pesos per month (2021), the country's legal minimum wage changes annually. Employers should closely monitor any changes that may affect their employees.

13.Why choose Rivermate to hire your remote team in Colombia?

Establishing an entity in Colombia to hire a team takes time, money, and effort. The labor law in Colombia has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Colombia simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Colombia give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Colombia via our Employer of Record (EOR) / PEO solution.

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