Is it really cost effective to pay social security

It is not cost effective to pay social security yourself. If the employer is insured for the employee, the employer and the employee **** the same payment, in which the employer pays a higher percentage than the employee. If you pay your own social security, the participant needs to bear the full cost of social security.

Article 58 of the Social Insurance Law of the People's Republic of China*** and the People's Republic of China stipulates that the employer shall apply to the social insurance agency for social insurance registration for its employees within thirty days from the date of employment. If it fails to register for social insurance, the social insurance agency shall approve the social insurance premiums it shall pay. Individual entrepreneurs without employees who voluntarily participate in social insurance, part-time workers who do not participate in social insurance with their employers, and other flexibly employed persons shall apply for social insurance registration with the social insurance administration organization. The State establishes a nationally unified individual social security number. Individual social security numbers are citizens' identity numbers.