Impact of the increase in the Minimum Wage
By means of Decrees 1572 and 1573 of December 24, 2024, the National Government established the new Minimum Wage and Transportation Allowance, respectively, that will be in effect for the year 2025. Taking into account the impact this has not only for workers but also for all organizations, in this newsletter we present the most significant changes that employers will have to take into account as...