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November 10, 2022
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The minimum increases and… is it an obligation that the rest of the salaries go up?

The minimum increases and... is it an obligation that the rest of the salaries go up?

The next December 15 the first term expires so that the parties involved, the representatives of the unions and the workers’ unions, with the intermediation of the Government, achieve a agreement regarding the increase in the minimum wage of 2023.

(Minimum wage: the path that begins to travel for its definition).

This increase in the basic salary affects, according to experts, not only those who earn it, but also those with higher incomes, since they earn a full salary, which must be at least 13 minimum wages.

But, in the case of companies that have a payroll with salaries higher than the minimum, does the increase also apply to their employees?

(Minimum salary 2023: how is the bid and what is taken into account).

To answer this question, it must be taken into account that one of the most important factors in the basic salary negotiations, which will formally begin in December, is that the increase must be above the inflation of the year that endsas stipulated by Colombian law.

Therefore, the correct thing to do, according to Stefano Farné, director of the Labor Market and Social Security Observatory of the Externado University of Colombia, is that employers continue with this practicenamely, “In the case of workers who earn more or less than the minimum, it would be to at least increase the inflation or increase in prices for the year that is closing”.

Otherwise, says the expert, they could have repercussions on the work environment, caused by inconvenience among employees, which in the long term end up affecting its productivity.

(How to transform education in Colombia?, answer the businessmen).

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