Is it a loss to pay employees to the social security company?

It's not a loss to pay social security companies to employees.

Social security generally refers to social insurance. Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. Social security is what the company must pay for its employees, part of which is paid by the company and part of which is paid by the employees themselves.

The steps for the company to pay social security for employees are as follows:

1, open an account. Enterprises need to open accounts for social security and provident fund at the Social Security Bureau and the Provident Fund Center within 30 days from the date of establishment. After opening a social security account, obtain a social security registration certificate, and after opening a provident fund account, obtain a unit provident fund registration number;

2. Increase personnel. The company will add new employees to the company's five insurance and one gold account every month;

3. Confirm the payment base. The unit needs to declare the correct payment base of five insurances and one gold for employees every month to ensure the normal payment of five insurances and one gold. The payment base of five insurances and one gold is based on the average salary of employees in the previous year or the salary in the first month of employment;

4. Pay the fee. Enterprises, banks, social security/provident fund management institutions sign bank payment agreements, and directly deduct five insurances and one gold fee from the enterprise bank account at a fixed time every month. Of course, enterprises can also choose cash or check to pay at the site of the five insurance and one gold management institution.

To sum up, although it needs to bear a certain financial burden, it can improve employees' satisfaction and loyalty, increase the company's brand image and reputation, and improve employees' work enthusiasm and production efficiency, thus bringing more benefits and profits to the company for a long time. Therefore, small factories can consider buying social security for their employees to improve their competitiveness and sustainable development.

Legal basis:

Article 58 of People's Republic of China (PRC) Social Insurance Law

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.