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The eight hours of work a day for five or six days a week They are the common working day in several countries in the region, including Colombia. This figure has been evaluated, because as a result, a person works close to 48 hours a week, which has an impact on their personal life and, as various studies indicate, nevertheless translates into productivity. However, there are countries with worse figures, according to the Organization for Development and Economic Cooperation (OECD). The latest report indicates that in Africa and Asia more hours are worked than the average and that the countries…

Banco de Bogotá, Deloitte and the Pontificia Universidad Javeriana launched the third edition of the program Best Colombian Companies (MEC) which seeks to support medium-sized companies so that they reach their maximum potential, through strategic support from qualified experts, who will allow them to identify business opportunities. (Also read: Bancos de Occidente and Bogotá, from Grupo Aval, joins the drop in interest rates) Companies interested in participating in this call must meet the following eligibility criteria: 1. Being a private Colombian company.2. Have sales and/or annual income between 16,000 million and 320,000 million pesos.3. Minimum operation of 5 years and…

Often people are looking for investment alternatives. The objective of "putting money to produce" is common and doubts about how to do it too. The collective investment funds They have become an increasingly popular option in this regard, as they allow interested parties to invest in a variety of assets, including stocks, bonds, real estate, to name a few. A collective investment fund (CIF) is any mechanism for saving and investing money or other assets, administrator for collective investment fund companieswhich means that there are several people in a portfolio of assets. One of the advantages of the mutual fund…

To finance the pensions paid to Colombians, high-paid workers make a contribution to the so-called Pension Solidarity Fund (FSP), a special account of the Colombian State linked to the Ministry of Labor.This money is intended to subsidize the pension contributions of population groups that due to their characteristics and socioeconomic conditions cannot make the full contribution in the contributory pillar, such as the self-employed, the unemployed, artists, athletes, people with disabilities, indigenous people, Afro-descendants, palenqueros and blacks, among others.(You can also read: Pension reform: 9 out of 10 contributors, forced to be in Colpensiones) In the draft of the pension…