Colombia Talent Market Overview

Market Appeal:Colombia’s strategic relationship with the US, bolstered by the U.S.-Colombia Trade Promotion Agreement, makes it an attractive location for U.S. businesses. The country has seen an increase in exports and offers opportunities in sectors like IT and creative industries.
Most common roles US companies hire in Colombia:Colombia is known for producing a significant number of software engineering graduates, with common roles including back-end and full-stack developers. The country has a strong pool of junior, mid-level, and senior IT professionals.
Skill Density:Colombia produces around 13,000 software engineering graduates per year and has over 340,000 tech professionals. Bogotá, Medellín, and Cali are key cities for tech talent, each with their unique strengths and specializations.
Cost Advantage of hiring in Colombia:The average salary for software engineers in Colombia is 40-60% less than those in the U.S.
Ease of Hire:The typical recruitment time frame can range from 2 to 4 weeks.
Working Hours Overlap with US time zones:Colombia shares a timezone with the U.S. (EST), making collaboration and communication more manageable.
Typical Working Week in ColombiaThe Colombian workweek is 48 hours, typically spread across six days or adjusted for longer workdays in a shorter week.
Public and Local Holidays in ColombiaColombia has 18 public holidays, higher than many countries, and employees are entitled to 15 days of paid vacation annually.
Most common talent hiring / engaging methods that US companies use in ColombiaHiring in Colombia is facilitated by various methods, including contracting, staff augmentation, and Employer of Record (EOR) service, which simplifies the legal and administrative aspects of hiring local talent.
The most common payment methods that US companies use to pay talent in ColombiaPopular payment methods to Colombian talent include wire transfers, services like Xoom, WorldRemit, Western Union, Ria, MoneyGram, and Payoneer.
Cultural Compatibility with US companiesLanguage barriers exist as Spanish is the primary language, with only around 5% of Colombians speaking English. However, Colombia’s growing tech ecosystem and business-friendly environment make it culturally compatible with U.S. companies.
English level by EF EPI score in ColombiaColombia ranks 75 out of 113 countries on the EF English Proficiency Index with a score of 480, below the global average of 493.​
Average Retention Rates in ColombiaThe turnover rate in Colombia’s tech sector has improved from 13% to about 8% per year
Global brands that hire in Colombia4,000 software and IT service companies across the country
Talent Market Capacity340,000 tech professionals, including 120k software engineers

Tech Talent Market Capacity

Colombia Tech Ecosystem

International Companies with Offices in Colombia: Facebook, Atton, Furukawa, Starbucks, Itaú Bank, Axa Seguros

Local Unicorns: Habi, LifeMiles, Rappi, Addi, Kiwibot, Platzi​

Colombia Infrastructure:

Internet Connectivity: Colombia has made substantial progress in expanding internet access, particularly in urban areas. By the fourth quarter of 2022, there were 48.9 million internet connections in Colombia, including 8.8 million fixed internet access points and 40.1 million through mobile connections. The predominant technology is 4G, accounting for 85.2% of connections

Mobile Penetration: The mobile subscription growth in Colombia has been steadily increasing, with a significant quarterly rise over recent years. Mobile penetration reached an estimated 155.8% in Q4 2022, suggesting the mobile voice market is nearing saturation

Colombia Salary Insights

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Common Leave in Colombia

Paid time off: 15 days of paid annual leave

Maternity leave: 18 weeks of paid maternity leave

Paternity leave: 14 calendar days of paid paternity leave

Common Benefits in Colombia

Meal Vouchers

Health Insurance

Flexible/Remote Work

Life insurance

Holiday schedule in Colombia 2024

This page contains a national calendar of all 2024 public holidays. These dates may be modified as official changes are announced, so please check back regularly for updates.
  • Monday, January 1, 2024
    New Year’s Day
  • Monday, January 8, 2024
    Epiphany Holiday
  • Monday, March 25, 2024
    St Joseph’s Day
  • Thursday, March 28, 2024
    Maundy Thursday
  • Friday, March 29, 2024
    Good Friday
  • Wednesday, May 1, 2024
    Labour Day
  • Monday, May 13, 2024
    Ascension Day Holiday
  • Monday, June 3, 2024
    Corpus Christi Holiday
  • Monday, June 10, 2024
    Sacred Heart Day
  • Monday, July 1, 2024
    Feast of St Peter and St Paul
  • Saturday, July 20, 2024
    Independence Day
  • Wednesday, August 7, 2024
    Battle of Boyacá Day
  • Monday, August 19, 2024
    Assumption Day Holiday
  • Monday, October 14, 2024
    Columbus Day Holiday
  • Monday, November 4, 2024
    All Saints’ Day Holiday
  • Monday, November 11, 2024
    Independence of Cartagena Holiday
  • Sunday, December 8, 2024
    Immaculate Conception
  • Wednesday, December 25, 2024
    Christmas Day


Generally, international payment methods like SWIFT, PayPal, and Wise are used. Cryptocurrency usage is also emerging as a viable option.

Payment Frequency: Typically, payments are made monthly.

Talent Acquisition

Job Search Platforms: For Colombia, popular job search platforms include LinkedIn, Glassdoor, Indeed, and Computrabajo. Specific platforms for Colombia could not be identified within the provided document.

Talent Acquisition: Companies like are key in sourcing talent in technology, marketing, and more.

Interview Behavior: Interviewees are expected to be punctual and to focus on their qualifications during the interview. It is important to avoid topics that may be considered discriminatory. Personal relationships play a significant role in Colombian business culture, and networking is crucial. It’s advisable to engage in friendly conversation and be as transparent as possible to build trust.

Probation Period: The probation period is optional and typically recommended to be 1/5 of the contract duration, up to a maximum of 2 months. For permanent employees, it is generally two months​

Working Culture in Colombia

Cultural Compatibility: Colombian business culture emphasizes punctuality, respect for hierarchy, and the importance of personal relationships. Face-to-face communication is preferred, and Colombians may not explicitly express disagreement in meetings. They value courteous and polite negotiation, and small talk is often a part of business meetings. Trust and personal rapport are crucial in decision-making.

Relationships: Personal relationships are vital in Colombian business culture, with networking and building trust being key components for successful business dealings. Face-to-face meetings are preferred to deepen these personal relationships​

Time & Punctuality: Punctuality is essential in Colombian business settings, conveying respect for others’ time. However, a slight delay of about five minutes is generally acceptable. Small talk often precedes business discussions in meetings.

Hierarchy & Decision-Making: Colombian business practices are hierarchical, with decisions usually made at higher levels of management. However, decision-making also involves a degree of face-to-face communication and respect for seniority and positions.

Workplace Environment: The Colombian workplace emphasizes the value of relationships and outcomes over strict adherence to schedules. A friendly and collaborative work environment is common, with a focus on team integration and supportive atmospheres.

Employment Termination in Colombia

Notice Period:

When an employment agreement is unilaterally ended by either the employer or employee, a written declaration citing the reason or grounds for this action is required at the time of ending, barring certain exceptional circumstances.

This procedure of termination is governed by specific legal standards, including those outlined in employment contract law, wage legislation, and social insurance norms. If an employer ends an employee’s contract, they must justify their decision as “reasonable” under legal scrutiny to avoid possible sanctions or financial penalties.

Notification Period Guidelines:

In Colombia, the requisite period for notification varies based on the situation:

No notification is needed if an employee is discharged due to wrongdoing.

For individuals employed under a term-specific contract, a written notification should be delivered to the employee 30 days before the expiration of the contract.

For those employed under non-term-specific contracts, a 15-day notification is required for dismissals related to subpar performance. In these instances, the employee has a 24-hour window to contest the dismissal.

Frequently Asked Questions

Colombian tech talent is rapidly growing and becoming highly skilled, especially in cities like Bogotá, Medellín, and Cali. The country is now Latin America’s third-largest tech hub, with many engineers holding advanced degrees and experience in successful startups

Colombia’s employment models include Contract, Acts on Work at Home and Remote Work, a shortened workday, extended paternity leave, and gender equality initiatives

Colombian professionals may face initial adjustments when integrating into U.S. company culture, owing to differences in hierarchical structures, perspectives on individualism, competitiveness, risk management, and short-term planning. Understanding and acknowledging these distinctions can lead to smoother adaptation and integration.

Generally, international payment methods like SWIFT, PayPal, and Wise are used. Cryptocurrency usage is also emerging as a viable option.