Does the company have to buy social security for its employees?

Legal analysis: As an employer, the company needs to sign a labor contract with the employee when hiring the employee, so as to clarify the rights and obligations of both parties in the labor relationship. Social insurance belongs to the national compulsory insurance, and any unit or individual that establishes labor relations must participate.

Legal basis: Article 72 of the Labor Law of People's Republic of China (PRC) determines the sources of social insurance funds according to the types of insurance, and gradually implements social overall planning. Employers and workers must participate in social insurance and pay social insurance premiums according to law.

Article 16 A labor contract is an agreement between a laborer and an employer to establish a labor relationship and clarify the rights and obligations of both parties. To establish labor relations, a labor contract shall be concluded.