Each company must open an account of social insurance to pay social insurance to employees in accordance with regulations of labour of China. You have two options, outsource to FESCO or signs contracts with employees you company without FESCO. Our proposal is to do it yourself, since rates for additional services of FESCO charges per person and per month. Furthermore, to be honest, a lot of personnel provided by FESCO welfares the legal, can recruit staff below cost relatively minor, at the beginning. If in the future you want to offer more benefits for your staff, you can change to FESCO.

Work you need to do after the installation company: register of social insurance, opening the work of the accounts table and Bank, preparation of work contract, personal account employee transfer in & out monthly secure social spreadsheet and declarations, wages & salary calculations, certificate of tax income individual issue staff, override re-declaration of the salaries of the personal.Una thing stressed to you is the cost of rental of a person in China, is forced at least 4 types of insurance for each person:

1. Pension Fund of

2. the unemployment insurance

3. compulsory health insurance

4 work injury insurance

For example, if you hire a person with basic salary of RMB 5,000 monthly, which means that the employee can obtain (5000-(8%+1%+2%) * 5000) = 4450 hand finally (ignore the IIT), your company actual cost is calculated as (5000 + 5000 *(22.5%+2%+12%+0.5%)) = 6850.The individual part 550 apart from the part of 1850, 2400 total company, should be given to officers per month trabajo.Por therefore to hire new employees, just be careful of, if some people said that they want to get salary after taxes, which means that you provide the additional cost of social security and taxes.

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