What does the social security rate mean?

Social security rate refers to the proportion paid by enterprises and employees for social security, which generally includes pension insurance, medical insurance, unemployment insurance and work-related injury insurance. Social security rates may be different in different provinces. Under normal circumstances, the proportion paid by enterprises and employees is half. The payment base is different, and the amount paid is different.

Social security rate aims to provide certain protection for employees, especially in the case of retirement or sudden illness. For enterprises, paying social security is also their due social responsibility. At the same time, the level of social security rate will also affect the employment cost of enterprises, so some enterprises will also reduce the employment cost by reducing welfare benefits.

Due to the historical and institutional defects of the social security system, there may be unreasonable places in actual operation. For example, in some cases, citizens can't enjoy social security benefits for some special reasons, or social security benefits are not enough to meet their needs. Therefore, for these problems, it is also necessary for the government, enterprises and society to work together to find solutions.