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The difference between minimum wage and social security base
Purpose, scope of application and influencing factors.
1. Purpose: The purpose of the minimum wage standard is to ensure the basic survival needs of employees, while the purpose of the minimum payment base of social security is to protect the interests of employees.
2. Scope of application: The minimum wage is approved by the whole province and city, and the minimum social security payment base will be higher than the wage, accounting for 60% of the local social wage.
3. Influencing factors: The minimum wage standard is uniformly formulated by the provincial government, while the minimum payment base of social security is determined according to local social wages, employee wages, payment ratio and other factors.
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