What are the benefits of paying social security to employees?

1. Avoid risks and reduce disputes: enterprises can avoid unnecessary labor disputes and illegal risks by participating in insurance according to law, standardizing employment and operating according to law. 2. Create benefits and assume social responsibilities. 3. Reduce the comprehensive labor costs of enterprises. Enterprises participating in insurance according to law actually avoid the risk of employment, and social security expenses can be deducted before tax, which virtually reduces the cost of employment.

First, the benefits of paying social security to employees to the company.

1. Avoid risks and reduce disputes.

Enterprises can avoid unnecessary labor disputes and illegal risks by participating in insurance according to law, standardizing employment and abiding by the law.

2. Create benefits and assume social responsibilities.

After the enterprise participates in social security for employees, employees can get material help and compensation from the state and society in cases of illness, work injury, unemployment, maternity and retirement, which increases employees' satisfaction and sense of belonging to the enterprise and protects their legitimate rights and interests.

This shows that participating in social insurance can create greater economic benefits for enterprises, build harmonious labor relations and promote social prosperity and stability.

3. Reduce the comprehensive labor costs of enterprises.

Take industrial injury insurance as an example, the payment ratio is usually between the total monthly wages of employees. When employees are disabled or even injured, the sum of funeral subsidies and one-time work death subsidies paid by social security funds to employees has exceeded 500,000 yuan.

Enterprises participating in insurance according to law actually avoid the risk of employment, and social security expenses can be deducted before tax, which virtually reduces the cost of employment.

Second, how do newly registered companies handle social security business?

The handling of social security of the new company involves three steps: the employer opens an account in social security (handles social security registration), handles the procedures for employees to participate in insurance, and pays social security fees on time. Details are as follows:

1. The employer fills in the application form for social insurance registration, and brings the business license (original and photocopy), organization code certificate (original and photocopy) and tax registration certificate (original and photocopy) to the local social security agency to apply for registration. Timely issuance of social insurance registration certificates that meet the requirements indicates that the employer has completed the registration.

2. The unit manager collects ID cards, photos of personal certificates, labor contracts, etc. And fill in the registration form to the social security agency for insurance procedures (or fill in the form online);

3. Pay insurance premiums regularly according to regulations.