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The Daily Bugle

The document discusses payroll management for contractors in Colombia. It provides information on minimum wage, transportation aid, and social benefits amounts for 2022. The minimum wage will increase over 6% to around 8%, setting it above $1,000,000. Transportation aid for 2021 is set at $106,454, equal to two minimum wages. An example calculation shows estimating payroll expenses and payment for a teacher with a $1,200,000 basic salary.

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Alejandro Burbano
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62 views3 pages

The Daily Bugle

The document discusses payroll management for contractors in Colombia. It provides information on minimum wage, transportation aid, and social benefits amounts for 2022. The minimum wage will increase over 6% to around 8%, setting it above $1,000,000. Transportation aid for 2021 is set at $106,454, equal to two minimum wages. An example calculation shows estimating payroll expenses and payment for a teacher with a $1,200,000 basic salary.

Uploaded by

Alejandro Burbano
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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NOVEMBER 2021 VOLUME 13

THE

DAILY BUGLE
WHAT IS THE RIGHT PATH THAT A CONTRACTOR SHOULD FOLLOW
WHEN MAKING AND MANAGING THEIR PAYROLL?

SOCIAL BENEFITS:
Service premium 8,33%

Severance 8,33%

Interest on severance 12%


payments

Vacation 4,17%

PICTURES BY: MANUEL MORALES

STATISTICS:
APPROPRIATIONS AND PARAFISCALS:
MINIMUN WAGE INCREASE FOR 2022

Given that price levels will grow this year by about 5%


and productivity has maintained an increasing path so Occupational accident
0,522%
far in 2021, the minimum wage for 2022 will be at insurance coverage (ARP)
levels above 6%, surely reaching a higher index that is
around 8%, said Juan Camilo Pardo, economic analyst
12%
at Corficolombiana. In determination that it does not Pension

excesed the figure of $ 1.000.000. Commission for the


Agreement on Salary and Labor Policy. Compensation funds 4%
- Allison Gutiérrez Núñez

WWW.DAILYBUGLE.COM 50₵ YEAR'S SUMMARY & MORE - PAGE 2


HOW MUCH IS THE VALUE OF
MINIMUM WAGE AND
TRANSPORTATION AID FOR 2021 IN
COLOMBIA?
ARTICLE BY MINISTRY OF LABOUR

We share with you Decree 1785 of 2020 As can be seen, the transport aid was increased by the
issued by the Ministry of Labor that same percentage in which the minimum wage was
contemplates that the new Legal increased for 2021. Consequently, by 2021 workers
Minimum Wage in force for the year 2021 who accrue a salary of up to $ 1,817,052 will receive the
will be defined in a value of $ 908,526; transportation aid, value equivalent to two minimum
similarly, Decree 1786 of 2020 that wages.
establishes that the transport aid will be
$ 106,454, This, determined in value of
THOSE WHO CANNOT
Colombian pesos.
KEEP TRACK OF THEIR
ACTIONS ARE NOT
PREPARED TO
UNDERSTAND A LARGE
PERCENTAGE OF LIFE

SUMMARY OF
CALCULATIONS
ARTICLE BY SAMUEL GONZALEZ

THE ACCOUNTANT IS THAT PERSON WHO ORGANIZES


THINGS FOR YOU WHEN YOU HAVE ALREADY LOST COUNT

WWW.DAILYBUGLE.COM 50₵ APPLICATION EXERCISE - PAGE 3


NOVEMBER 2021 VOLUME 13

THE

DAILY BUGLE
WHAT IS THE RIGHT PATH THAT A CONTRACTOR SHOULD FOLLOW
WHEN MAKING AND MANAGING THEIR PAYROLL?

PICTURES BY: MANUEL MORALES

APPLICATION EXERCISE:
WORKER: TEACHER: MARIO RIVERA ORTEGA

BASIC SALARY: $ 1.200.000

(+) TRANSPORTATION AID: $ 106.454

ADVANCE CALCULATION: $ 1.306.454

ACTUAL ESTIMATE OF EXPENDITURE AND PAYMENT OF SALARIES

ADVANCE CALCULATION: $ 1.306.454

(*) HOW MUCH IS IT WORTH TO HAVE A WORKER?: $ 644.761

REAL VALUE: $ 1.951.215

WWW.DAILYBUGLE.COM 50₵ COLOMBIAN CITY'S #1 SOURSE OF NEWS

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