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Talent Solutions – Latin America Q4 2022 | 46 b ▪ Y y f N v b '22 was 12.53% ▪ Year on year wage growth in Colombia in Q3 2022 was 31.3%. 2 2 2 2 2 ▪ Constitutional mandate for equal pay for equal work. Anti-discrimination laws. ▪ Although gender gap reporting is not required specific records including pay by gender needs to be retained in case of audit. ▪ OECD estimate that gender pay gap is 4%. ▪ Employment quotas in the public sector for people with disabilities. Restrictions on hiring foreigners. Latest Available Data Q4 2022 2021 Total Labor Force (000s) 25,040 24,722 Employed Workers (000s) 22,561 21,731 Unemployed Workers (000s) 2,479 2,991 Unemployment Rate 9.9% 12.1% 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 22 ▪ Since 2000, the Working Age Population (15-64 years) has increased by 47%. Population in Thousands International Monetary Fund * Estimate Work Force Statistics Workforce Participation Rate by Age and Gender Inflation and Wage Growth Gender Equity and Inclusion Gender Gap Scores Compared to Region Year on year GDP Growth (%) ILOSTAT World Economic Forum Global Gender Gap Report 2022 Evolution of the Key Working Age Population over Time ILOSTAT Colombia