Colombia Labour Market Risk Report - Q4 2017Investors considering basing a business in Colombia stand to benefit from a large, urbanised and relatively healthy labour force that is particularly suited to businesses in labour-intensive, low-skilled sectors. Government efforts to improve general education and a strong tertiary education sector are improving the skill set of a segment of the labour force, which is growing from a low base. Currently, however, there is a shortage of technical skills generally, which is coupled with uncompetitive labour taxes that increase costs for businesses wishing to employ workers with higher skills.