What procedures does the company need to go through to buy social security for its employees?

Companies need to understand relevant laws and regulations, open social security accounts, sign labor contracts with employees, declare the base and proportion of social security contributions, pay social security fees, and apply for social security cards for employees.

First, understand the relevant laws and regulations.

First of all, companies need to understand and abide by national laws and regulations on social insurance, including the Social Insurance Law of People's Republic of China (PRC). These laws and regulations stipulate the payment standard, payment proportion and payment method of social insurance, which is the basic basis for the company to purchase social insurance for its employees.

Second, open a social security account.

The company needs to open a social security account with the local social security agency, which is a prerequisite for purchasing social security for employees. When opening an account, you need to provide the company's business license, tax registration certificate and other relevant documents, as well as the company's basic information and employee list.

Third, sign labor contracts with employees.

The company needs to sign a formal labor contract with employees to clarify the rights and obligations of both parties. A labor contract shall include basic information such as the name, gender, age and ID number of the employee, as well as terms such as job post, salary and social insurance.

Four, declare the base and proportion of social security contributions.

Companies need to declare the base and proportion of employees' social security contributions according to their salary levels and relevant regulations. The social security payment base is the basis for employees to pay social insurance premiums, which is usually linked to the salary level of employees. The proportion of social security payment is stipulated by the state, and companies and individuals need to pay separately according to the prescribed proportion.

Verb (abbreviation of verb) pays social security fee.

The company needs to pay social insurance premiums for employees according to the prescribed time and method. Social security expenses include pension insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The company needs to choose the corresponding insurance items according to the actual situation and needs of employees.

Sixth, apply for social security cards.

Social security card is an important certificate for employees to enjoy social insurance benefits, and the company needs to handle social security cards for employees. When handling the social security card, you need to provide the employee's identity certificate, social security payment certificate and other related materials.

To sum up:

Companies need to understand relevant laws and regulations, open social security accounts, sign labor contracts with employees, declare the base and proportion of social security contributions, pay social security fees, and apply for social security cards for employees. The purpose of these procedures is to ensure that employees can enjoy the social insurance benefits they deserve and protect their rights and interests.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10 stipulates:

Employees should participate in basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, and employers and employees should jointly pay basic insurance premiums in accordance with state regulations.

Article 58 provides that:

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.