New Issue of China Briefing: Employment Overheads in China’s Social Security System
Sept. 1 – In the September issue of China Briefing we look at China’s social security regime and the five social insurance funds that enterprises in China must contribute to: pension, medical insurance, unemployment insurance, maternity insurance, and occupational injury insurance.
We also look at the housing fund, another mandatory fund that both employers and employees contribute to. Because mandatory benefit requirements change from city to city, we compare and contrast 20 cities around China, introducing the proportions of salary that need to be contributed to social insurance in Dalian, Qingdao, Beijing, Shanghai, Hangzhou, Ningbo, Shenzhen, Guangzhou, Zhongshan, Dongguan, Shenyang, Tianjin, Chengdu, Suzhou, Xi’An, Changchun, Nanjing, Jinan, Kunming and Zhengzhou.
We examine how to setup and pay out mandatory benefit contributions and the procedures for registering with the social insurance bureau and the housing fund bureau. We then take a brief look at the some of the main HR management trends in China including changes in recruitment, dispatch and secondment contracts and HR administration.
Finally, we cover the impact of China’s rising minimum wage levels, analyzing the data from 20 cities to gauge the impact the increases will have on future investment in China.
In this issue
The actual costs of employing staff in China
Chinese employee contributions
Practical administration of social security
Minimum wages and social security in 20 Chinese cities compared
The changing role of the HR agent
The issue is available for PDF download in the Asia Briefing Bookstore.