The latest compensation standard of Yili redundancy policy

1. Economic compensation: the enterprise pays certain economic compensation according to the employees' working years in the enterprise, wages and other factors. For example, the economic compensation standard stipulated in Chinese mainland is: work 1 year, pay 1 month salary, and the maximum is 12 months; If the work is less than 1 year, it shall be calculated according to the actual working hours.

2. Advance notice period: After the enterprise announces the decision to lay off employees, it will give employees a certain advance notice period so that employees can arrange their life after leaving the company. The notice period varies from region to region, usually 1-6 months.

3. Social insurance and provident fund: When employees are laid off, they should pay social insurance and provident fund for employees during their work in the enterprise to ensure that employees can continue to enjoy relevant benefits after leaving the company.