What are the benefits of social security for employees?

1. avoid risks and reduce disputes

enterprises can avoid unnecessary labor disputes and illegal risks by participating in insurance according to law and standardizing employment and law-abiding operations.

2. Create benefits and assume social responsibilities

After an enterprise participates in social security for its employees, employees can get material help and compensation from the state and society in case of illness, work injury, unemployment, maternity and retirement, which increases employees' satisfaction and sense of belonging to the enterprise and guarantees their legitimate rights and interests.

It can be seen that participating in social insurance can create greater economic benefits for enterprises, build harmonious labor relations and promote social prosperity and stability.

3. Reduce the comprehensive labor cost of enterprises

Take industrial injury insurance as an example, the payment ratio is usually between .5% and 2% of the total monthly salary of employees. In the event of disability or even casualties of employees, the sum of funeral subsidies and one-time work-related death subsidies paid by social security funds to employees has exceeded 5, yuan.

Enterprises participating in insurance according to law actually avoid employment risks, and social security fees can be deducted before tax, which virtually reduces employment costs.