More than 14% of companies in Colombia converted full salaries to ordinary salaries after the minimum wage increase
Acrip presented the report on the labor outlook in Colombia for 2026 regarding remuneration. Photo:
TL;DR
- A 23% minimum wage increase for 2026 is forcing Colombian companies to adjust salary policies.
- Over 14% of companies are converting full salaries to ordinary salaries to manage financial impact.
- 32% of companies are reducing expenses and implementing austerity measures.
- 24% are automating processes using AI tools.
- The majority of companies (82.4%) will increase salaries in 2026.
- The largest salary adjustments are concentrated on base personnel, with an average increase of 13.3%.
- Key challenges include maintaining remuneration competitiveness and leveling technical roles.
- Companies face difficulties in increasing all salaries to the same level as the IPC or the legal minimum wage.