Hourly minimum compensation

Colombia's hourly minimum compensation is established as 7,958.66 Colombian pesos per hour, calculated on the basis of a standard 220-hour monthly workday. This rate applies to all workers employed under ordinary labor contracts and sets the floor for hourly wages across the country's formal employment sector.

The hourly minimum compensation rule covers all employees engaged in regular work activities, whether full-time or part-time, and ensures that compensation for each hour worked meets the statutory threshold. The rate is derived from Colombia's monthly minimum wage by dividing the annual or monthly minimum salary by the standard number of working hours in a month, establishing consistency between salaried and hourly payment structures.

The rule is governed by Colombian labor law, specifically the regulations administered by the Ministry of Labor (Ministerio del Trabajo y Economía Social). The minimum wage and its corresponding hourly rate are adjusted annually, typically effective from January 1st each year, to account for inflation and cost-of-living changes.

Payroll teams and employers in Colombia must ensure that all hourly workers receive at least 7,958.66 pesos per hour for ordinary work performed. When calculating compensation for part-time employees, overtime, or work performed outside standard hours, the hourly rate serves as the baseline from which additional premiums or supplements are calculated. Employers should verify the current rate annually, as adjustments are made each calendar year, and maintain detailed time records to demonstrate compliance with minimum hourly compensation requirements.