Hiring Employees – PEO versus Entity Setup in Colombia

Colombia has become one of the strongest economies in South America and has a diverse range of attractive business sectors. To take advantage of these business opportunities, foreigners can employ staff in two ways; through a local legal entity or through a Professional Employer Organization (PEO).

Recruitment in Colombia has seen a revolution in information and communication technologies which have innovated and created new ways of working back office processes for companies to disseminate their job vacancies. Now there are numerous ways in which a company can publish their vacancies and target the population that is looking for work. Because of these changes, it is very important to know all the different ways to publish vacancies in Colombia.

Companies are not limited to using only one way of recruiting. In general, dissemination strategy includes a combination of several methods. However, a dissemination strategy should not only take into account the number of people who come and apply to vacancies, but they must attract applications from people meeting the requirements of the job. Therefore, it is not surprising that some vacancies are made for a limited circle of candidates and / or referrals.

Having a large working population with a good pool of candidates is appealing to new companies trying to expand into the Colombian market. However, there are general employment rules in Colombia that have to be considered before hiring employees.

Biz Latin Hub can act as your local employer of record and assist you to successfully operate in this region. We invite you to learn more about our accounting and legal experts, our Hiring and International PEO solutions and hiring support that we can provide in Colombia by reviewing our presentation below. This presentation was designed by our local experts and contains all the information you need to know when choosing to hire employees in Colombia.

If you have any more questions about how to hire employees in this vibrant country, reach out to our friendly team in the Colombia office today.

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