Temporary and Indefinite Contracts and Their Influence on The Value of Sales in Colombian Manufacturing Companies

DOI:  https://doi.org/10.12804/revistas.urosario.edu.co/empresa/a.13947

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Published: Jun 24, 2024
Issue: Vol. 26 No. 47 (2024)
Section Scientific and technological research article


Keywords: Job Satisfaction Labor Productivity Personnel Managemen compensation compensation methods and their effects

Main Article Content

Authors

  Albeiro Beltrán-Díaz
Universidad de Investigación y Desarrollo
Lissette Hernández-Fernández
Universidad del Atlántico
  Silvia Paola Gallardo-Figueroa
Universidad de Investigación y Desarrollo
Sandra Marcela Espitia-González
Unidades Tecnológicas de Santander

Abstract

Objective: To analyze the relationship between the type of employment contract and the income generated by Colombian manufacturing companies. Methodology: To develop the research, a quantitative, non-experimental, transversal study with a correlational approach was performed, whose input was the 2019 Annual Manufacturer Survey published by the National Administrative Department of Statistics (DANE, for its initials in Spanish), comprised of 7 631 companies. Key findings: The results allow reflection on the importance and special care managers must take with the type of contract they use to hire their workers, mainly in times of political and economic uncertainty, where employers may choose to reduce their costs by employing them with service provision contracts that grant fewer labor benefits and force workers to pay health and pension contributions from their income, without the right to paid vacations, bonuses, and severance pay. Conclusions: The study concludes company income can be improved if staff are linked through temporary contracts with employment exchanges and indefinite-term contracts directly with the company; direct fixed-term contracts with the company reduce its income.

How to Cite
Beltrán-Díaz, A., Hernández-Fernández, L., Gallardo-Figueroa, S. P., & Espitia-González, S. M. (2024). Temporary and Indefinite Contracts and Their Influence on The Value of Sales in Colombian Manufacturing Companies. Revista Universidad Y Empresa, 26(47), 1–37. https://doi.org/10.12804/revistas.urosario.edu.co/empresa/a.13947
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