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Does the minimum wage include social security?
The minimum wage standard is the minimum labor remuneration that the employer should pay to the workers according to law, excluding social security fees. When determining and adjusting the minimum wage standard, although we will refer to factors such as social insurance premiums paid by employees, housing provident fund and average wages of employees, these are not directly included in the minimum wage. The minimum wage mainly considers the minimum labor remuneration that the employer should pay under the condition that workers provide normal labor within the specified working hours, while social insurance is a social and economic system, which aims to provide income or compensation for people who have lost their ability to work, are temporarily unemployed or suffer losses due to health reasons.
Calculation method of minimum wage:
1. Basic concept: the minimum wage refers to the minimum labor remuneration that the employer must pay to the workers within the legal working hours;
2. Excluding items: the minimum wage does not include overtime wages, bonuses, allowances and subsidies, and social insurance premiums and housing accumulation funds paid by employers for workers;
3. Calculation standard: The setting of minimum wage standard is usually determined by local government according to local economic development level, living cost and other factors;
4. Adjustment mechanism: the minimum wage is usually adjusted once every one to two years to adapt to economic development and price changes;
5. Legal effect: the minimum wage standard has legal effect, and the employer must abide by it, otherwise it will face legal responsibility.
To sum up, the minimum wage standard does not include social security fees, and social security is a system that provides income or compensation for specific groups.
Legal basis:
Minimum wage regulations
essay
The minimum wage standard mentioned in these Provisions refers to the minimum labor remuneration that the employer should pay according to law on the premise that the laborer provides normal labor within the statutory working hours or the working hours agreed in the labor contract signed according to law.
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