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The difference between 50% and 100% social security
Social security 50% means that the enterprise pays 50% of the social security costs for the employees, and the employees need to bear the remaining 50% of the social security costs by themselves. Specifically, the enterprise needs to pay 50% of the cost of pension insurance, medical insurance, unemployment insurance and industrial injury insurance for the employees, while the percentage of contribution to the housing fund may vary.
100% of social security means that the enterprise pays 100% of the social security costs for the employees, and the employees do not need to bear any social security costs. Specifically, enterprises need to pay the full cost of pension insurance, medical insurance, unemployment insurance, work injury insurance and housing fund for their employees.
It is important to note that the percentage of social security contributions may vary from region to region and from industry to industry, depending on local policies and regulations.
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