What are the advantages and disadvantages of social security for the company?

As an enterprise, it is one thing that an enterprise should do to declare the increase or decrease of employees in time, which will bring better results to the enterprise. Because the former employees stop paying in time, the new employees increase their contributions in time, which meets the requirements of social security payment and is beneficial to enterprises.

The payment base of social security refers to the wage base used by enterprises or individual employees to calculate and pay social insurance premiums. This base multiplied by the prescribed rate is the amount of social insurance premiums that enterprises or individuals should pay.

Local social security payment bases are linked to local average wage data. It is determined according to the average monthly wage income of employees from June 1 day to February 1 day in the previous year. Once a year, it will not change within one year after confirmation. The time to apply for adjusting the social security base is generally in July.

Enterprises generally take the total wages of enterprise employees as the payment base, and individual employees generally pay social insurance premiums based on their average monthly salary in the previous year. In China, the payment base is approved by the social insurance agency according to the employer's declaration.

The management system of social insurance funds is often related to a country's social insurance institutions. It mainly includes the public management system of social insurance funds and the practice of handing over the funds in the personal account system to the market subject for management.

legal ground

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

Article 92 If the social insurance administrative department and other relevant administrative departments, social insurance agencies, social insurance premium collection agencies and their staff disclose the information of employers and individuals, the directly responsible person in charge and other directly responsible personnel shall be punished according to law; If losses are caused to the employing unit or individual, it shall be liable for compensation. Ninety-sixth expropriation of rural collective land, the social insurance premiums of landless farmers should be fully arranged, and the landless farmers should be included in the corresponding social insurance system according to the regulations of the State Council.