How does the company pay social security to its employees?

The company's procedures for handling social insurance for employees are as follows:

1. First open an enterprise social security account in the jurisdiction where the enterprise is located.

2. Transfer the social security relationship of the insured employees in the enterprise to the enterprise account.

3. Print the payment details in social security in the first month of social security payment (details include employee name, ID number, payment base, etc. ).

4. Handle the social security withholding formalities entrusted by the same city (in the bank where the enterprise opens an account)

5. In the future, you only need to submit a monthly report on the increase or decrease of social security participants. Because the information required for opening an enterprise social security account is different from the procedure for increasing employee social security in different places, the policy will often be adjusted, so the specific information required should be handled in accordance with the social security regulations of the jurisdiction where it is located.

Paying social security has the following benefits:

First of all, paying social security can provide social security for individuals. By paying social insurance such as endowment insurance and medical insurance, individuals can get certain financial support and living security when they encounter difficulties such as old age and illness. These insurances can alleviate personal economic pressure and maintain basic living standards to a certain extent.

Secondly, paying social security helps to safeguard the legitimate rights and interests of individuals. The social security system is based on fairness and justice. By paying social security, individuals can enjoy the corresponding social security rights. These rights and interests include receiving pensions, reimbursement of medical expenses and other benefits to ensure that the basic living rights and interests of individuals are guaranteed.

In addition, paying social security can promote social stability. Social security system is one of the important pillars of social stability. Through extensive social participation and payment, social economy can be formed and the financial burden of the government can be reduced. At the same time, the social security system can also adjust the social income distribution, narrow the gap between the rich and the poor, and be conducive to social harmony and stability.

To sum up, paying social security is of great significance and value to individuals and society. It provides strong support for individual and social development by providing social security, safeguarding individual rights and interests, promoting social stability and enhancing social welfare.

Legal basis:

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

Article 4

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.