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Labour cost

Item Standard and scale Payment method
Salary Wage rate is set out in accordance with the going rate in the local labor market for a given position/work/profession Money payment to individual employees
Welfare in service Implemented based on relevant national/provincial/municipal regulations as regards labor insurance and other social benefits provided for state-owned enterprises To be paid or disbursed by the employers
Old-age insurance 20% of the total payroll is payable by the employer; 8% of personal income by employees Monthly payment by the employer to the QETDZ Social Insurance Management Center
Unemployment insurance 2% of the total payroll for working employees is payable by the employer; 1% of personal income by employees Monthly payment to the QETDZ Unemployment Insurance Office
Healthcare insurance For working employees: 6.5% of the total payroll of the preceding year is payable by the employer, 2% of personal income by employees; for retirees: 6.5% of the total pension payment of the preceding year is payable by the employer, no payment is required on the part of the retirees Monthly payment to the QETDZ Social Insurance Management Center
Maternity insurance 1% of the total payroll for working employees; no payment is required on the part of the employees Quarterly payment to the QETDZ Social Insurance Management Center

     Note: Minimum wage at the QETDZ is RMB750/month.

 

 
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