Reduction of working hours in Colombia: how to calculate the value per hour of work? – Personal Finance – Economics

Reduction of working hours in Colombia: how to calculate the value per hour of work?  – Personal Finance – Economics

This July 16, the project that seeks to eventually reduce the working day until reaching 42 hours of work per week will begin to take effect in Colombia. Currently, formal employees in the country must comply with a quota of 48 hours per week; However, from next Sunday the measure will change.+

(We recommend reading: Abecé of the reduction of the working day that begins on July 15).

The project, covered by Law 2101 of 2021, It will come into force with the reduction of one hour of work during this 2023 and the change will be made annually as follows: in 2024 it will drop to 46, in 2025 it will reach 44 and in 2026 it will be 42.

And there are many questions that are generated around the new measure, but One must have certain clear points to understand the concept of reduced working hours in Colombia.

According to the Ministry of Labor, the new project will not affect the working conditions of employees, nor neither does it represent a variation in the final value stipulated within the payroll payment.

From 2023 the working day in Colombia will have a reduction

That is to say, fewer hours per week will be worked, but the salary will be the same.

Following this idea, It is necessary that the employees know the readjustment that will be made in the value for each hour of work, since although the new measure does not mean an increase in the payroll, the reduced time in working hours must be compensated.

(You might be interested in: If working hours decrease, the salary also decreases? Everything you need to know).

How to calculate the new value of the labor hour in Colombia?

Till the date, Colombians are under a work model that requires 48 hours a week, spread over 5 or 6 days. That is, each employee complies with the sum of 240 hours ending the month as a period of 30 days.

The easiest way to access the current value for each hour of work is to divide the monthly salary by the number of hours worked in the month.

Within this calculation It should be taken into account that some variations may occur due to Sunday or night shifts that have been done during the month.

That is why the readjustment in the value of the work hour in Colombia occurs because employees will work less time, but will receive the same pay.

JUAN PABLO CONTRERAS RIVERS
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By Mitchell G. Patton

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