Reasons why companies pay social security for employees

Legal analysis: Social security is a social security system provided by the state for workers, including medical care, pension, maternity, work injury and unemployment. If something happens to these five types of insurance in the process of purchasing social security, the state will give corresponding subsidies to protect everyone's life.

Legal basis: The full text of the Regulations on the Administration of the Declaration and Payment of Social Insurance Fees Article 8 An employer shall register social insurance for its employees and declare and pay social insurance fees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.