Are there five insurances and one gold when entering the factory?

Legal analysis: working in a factory has five insurances and one gold. There is a labor relationship between workers and employers, and employers must pay social security for workers. You must sign a formal labor contract and pay you five insurances and one gold after signing it. According to the regulations, the employer shall register social insurance for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. If the employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit. Listed companies generally have it, because there is no way but to send it to employees.

Most workers in unlisted factories don't. Now the profit of manufacturing industry is very low. If people are taken as a unit, then in a labor-intensive factory, on average, the profit each person creates for the factory in one year is lower than the amount required by the national medical and social security. It means that the factory is losing money after paying medical insurance to its employees. In this case, many small and medium-sized enterprises cannot pay medical insurance for their employees.

Legal basis: Article 58 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employer shall apply to the social insurance agency for social insurance registration for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.