Comprehensive salary: will it increase or will it remain the same in 2023?

The increase in the minimum wage It is one of the most popular topics recently, after the agreement for the 16% increase in salary and 20% in transportation assistance.

(See: This is how companies can prepare for the adjustment of the minimum wage).

However, it must be borne in mind that the rise will only be felt by 15.7% of the Colombian population, since it is the percentage of those who earn the minimum, while the 41.2% earn more than the minimum.

For employees who earn more than the minimum, an increase is not required, but the law recommends that the employer recognize the loss in the purchasing power of money and make an increase.

The salary adjustment is suggested taking into account the Consumer Price Index (CPI), in which the prices of a certain set of goods and services are valued, from the previous year.

(See: How were the overtime, night and holidays with a minimum of 2023).

And then there are the people who they work for days, like those who dedicate themselves to domestic services. That population, by 2023, will not be able to earn less than $38,666 and must receive transportation assistance of $4,686, that is, a minimum of $43,352 per day.

(See: Minimum wage: products and services that would rise in price).

With this clear, what happens then with those who earn a full salary? We tell you.

In the case of people who earn a full salary, which corresponds to more than 10 current minimum monthly wages, the companies are obliged to upload it annually.

The reason, explained Octavio Rubio, a professor at the Central University and an expert in labor law, is that, since these salaries are valued according to minimum wages, so that they do not lose their comprehensive status, they must be adjusted each year with the changes that may occur. that minimum.

(See: If you earn more than the minimum, what raise could you expect in 2023?).

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