Do you pay five insurances and one gold when you join the company?

New employees pay five insurances and one gold within 30 days as stipulated in the 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.

Paying five insurances and one gold in employment means that the employer pays social security to the workers. The specific process is as follows:

1. The enterprise shall open an account for social security and provident fund at the social security bureau and provident fund center within 30 days from the date of establishment; After opening a social security account, you will get the social security registration certificate, and after opening a provident fund account, you will get the unit provident fund registration number. Five insurances and one gold, the more individuals deduct each month, the more the unit pays. Generally speaking, the five insurances and one gold invested by the unit for an employee every month are several times the amount deducted by the employee in that month;

2. The company should add new employees to the company's five insurance and one gold account every month, and delete the employees who have left the company from the account. Social security and provident fund accounts are two accounts, and the operation of increasing or decreasing employees must be carried out in two accounts;

3. The unit needs to confirm the payment base every month;

4. If the enterprise, the bank and the social security/provident fund management institution have signed a bank payment agreement, the expenses of five insurances and one fund will be deducted directly from the enterprise bank account at a fixed time every month. Of course, enterprises can also choose to pay by cash or check.

To sum up, paying five insurances and one gold when entering the company means that the employer must pay five insurances and one gold for its employees according to law after employees enter the company. Five insurances and one gold include basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and other social insurance systems, and individuals enjoy social insurance benefits according to law.

Legal basis:

Article 58 of the 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.