Employing in Colombia
An employer of record, sometimes known as an international PEO can help you quickly hire and onboard workers in Colombia – often with just two weeks’ notice. Establishing your own local entity without risk and saving costs, this type of service makes an EOR in Colombia worth checking out!
Grounds for termination in Colombian legislation can be divided into three categories:
- Legal grounds
- Termination with a fair cause
- Termination without a fair cause (one month’s extra severance payment)
In Colombia, employment contracts may be terminated by any of the parties at any moment with immediate effect and without it being necessary to mention the reasons that led to the termination, unless a fair cause is alleged for the dismissal. Period of notice is only needed for fixed-term contracts when ended by the expiration date.
In the case that the employee opts to terminate their employment contract, alleging a breach by the employer (fair cause), the Labour Code mandates the obligation to pay a severance payment as if the contract were terminated without a fair cause.
Holiday & leave
Keen to engage an EOR in Colombia? At TopSource Worldwide, we work with local experts to help you navigate the various admin and cost obstacles you may come across along your expansion journey
To find out how we can help your business with our employment solutions, contact us today.
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