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2024-4-2

Good News about Labor Cost @All

The social insurance cost paid by employer decreased 1% according to a temporary policy. After the adjustment, the social insurance cost for the companies in shanghai are as below.

  • Pension                        16%

  • Medical                         9%

  • Unemployment            0.5%

  • Work related injury           

Companies in different industries pay different rates: 0.2%, 0.4%, 0.7%, 0.9%, 1.1%, 1.3%, 1.6%, 1.9%

The policy available period is from March 2024 to Feb. 2025. ( The social insurance payment period is Apr. 2024 to Mar. 2025)


Please contact us with any enquiries

wcx@ruanyinchina.com

www.ruanyinchina.com

+86 021 6049 2821

+86 189 1629 8482


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