Average wage of employees in Shenzhen

Average salary of employees in Shenzhen: 13730 yuan.

The influence of Shenzhen average wage standard on relevant treatment;

1, the upper limit of Shenzhen provident fund payment base

The upper limit of the payment base of Shenzhen provident fund is linked to the social wage. According to the previous regulations, the upper limit of the payment base of Shenzhen provident fund shall not exceed three times the average monthly salary of employees in urban units in Shenzhen. According to the subsequent regulations, from July 2023 1, the upper limit will be raised from the previous 25 19 yuan to 155 13 yuan, which has been greatly improved. This means that employees will have more disposable income if they pay the provident fund.

2. Upper and lower limits of Shenzhen social security payment base

The upper and lower limits of Shenzhen social security payment base are also closely related to social wages. With the improvement of social wage standard, the upper and lower limits of social security contribution base will be adjusted accordingly. For on-the-job employees, this will directly affect their social security contributions.

3. Basic pension for retirees

According to the provisions of the Social Insurance Law, the basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population and so on. Therefore, the increase of social wages will also affect the amount of basic pension for retirees. For those who have retired, the pension they get will also increase accordingly.

To sum up, the increase of the average social wage in Shenzhen will have a positive impact on the upper limit of the payment base of Shenzhen provident fund, the upper and lower limits of Shenzhen social security payment base and the basic pension for retirees. This is good news for employees and retirees.

Legal basis:

Labor law of the people's Republic of China

Article 47

The employing unit shall independently determine the wage distribution mode and wage level of the unit according to the production and operation characteristics and economic benefits of the unit.

Article 76

The state develops social welfare undertakings and builds public welfare facilities to provide conditions for workers to rest, recuperate and recuperate. The employing unit shall create conditions to improve the collective welfare and the welfare treatment of workers.