The Colombian Federation of Human Management (Acrip) stated that the increase in the legal minimum wage in force in the country for 2025 should not exceed 7%, this in relation to an analysis of salary projections based on a National Wage and Benefits Investigation.
According to the human resources union, which consulted 1,044 positions from 32 business sectorsorganizations have a salary increase projection for 2025 of 6.97% on average, so the increase in the minimum wage should not be above 7% so as not to affect the companies’ finances.
(You can read: Minimum wage: this is how the figure for 2025 would look with the proposals that have been made).
According to Gladys Vega, president of Acrip“What the Research reveals to us is that in recent years the increase in the minimum wage has been above inflation, but below the percentage increase in the minimum wage, which means that organizations do not have the budgetary capacity to increase to that rhythm, generating that more people in Colombia are earning minimum wage. That is why we propose that the increase in the SMLV for 2025 be in line with the payment capacity of the business sector, which aims for a maximum of 7%.”.
Minimum wage
Investigation details
Acrip’s 2024 National Salary and Benefits Investigation also revealed that the average percentage of the salary increase this year was 10.8%, lower than in 2023, where it was 13.4%.
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However, Of the companies consulted, 88% said they had made a salary adjustment, while 12% denied having done so.
Minimum wage
Regarding organizational levels, the Base Staff It was the one that had the greatest increase this year, with 11.2%. Meanwhile, by region, Cundinamarca was the department where salaries increased the most with 11.2%, followed by Antioch with 10.6%; Cauca Valley with 9.9% and Atlantic with 9.8%. The only department with a higher average than the general was that of Cundinamarca.
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In relation to the main reasons why companies in Colombia increased their salaries in 2024, the CPI was the main reason with 52%followed by the increase in the minimum wage with 21.1%, the economic results of the organization with 10%, performance evaluations with 8.6%, the market with 5.1% and the contractual aspects with the 2.9%.
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