What will happen if the company fails to pay social security on time?

Legal analysis: if the unit fails to pay social security on time, it may be ordered to pay social security and pay a certain amount of detention money. Paying social insurance for employees is an obligation that the unit should fulfill. Specifically, the unit needs to pay social insurance for employees within 30 days after hiring employees. It is illegal to fail to pay within the time limit. These units that violate legal norms may be punished by fines.

Legal basis: Article 57 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal. The social insurance agency shall, within fifteen days from the date of receiving the application, examine and issue the social insurance registration certificate. Where the social insurance registration items of the employing unit are changed or the employing unit is terminated according to law, it shall, within 30 days from the date of change or termination, go to the social insurance agency to handle the change or cancellation of social insurance registration. The market supervision and management department, the civil affairs department and the organization management organ shall promptly inform the social insurance agency of the establishment and termination of the employing unit, and the public security organ shall promptly inform the social insurance agency of the birth, death, household registration, migration and cancellation of the individual.