How to deal with the company's social security arrears?

The company's social security arrears are handled as follows:

1. The social insurance premium collection agency will order the company to pay or supplement the social insurance premium within a time limit;

2 overdue, the collection agency can query the deposit accounts of financial institutions such as corporate banks;

3, the collection agency can also apply to the relevant administrative departments at or above the county level to make a decision on the allocation of social insurance premiums, and notify banks or other financial institutions to allocate corresponding funds.

Influence of social security arrears:

1. Affect employees' personal rights and interests: employees may not enjoy social insurance benefits such as medical insurance reimbursement and industrial injury insurance compensation during the period of social security arrears;

2. Impact on the company's reputation: long-term default may damage the company's credit record and affect the company's future business activities and loan applications;

3. Legal risk: According to relevant laws and regulations, the company may face administrative punishment or even legal proceedings if it fails to pay social security fees for a long time;

4. Affect employee turnover: social security arrears may lead to employees' distrust of the company and increase employee turnover rate;

5. Affect the company's recruitment: potential employees may have reservations about joining the company after learning that the company has social security arrears.

To sum up, the ways to deal with the company's social security arrears include ordering to pay or make up the money within a time limit, inquiring about deposit accounts and applying for fund transfer.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 86

If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.