Caring for employees and overcoming difficulties together
2020-05-28
The sudden outbreak of the COVID-19 pandemic has had a severe negative impact on the global economy. In response, our government has introduced a series of tax and fee preferential policies to support epidemic prevention and control efforts and promote economic and social development. Help enterprises resume work and production promptly and overcome their difficulties.
Zibo Social Insurance Service Center on On March 16, 2020, the “Notice on Publicizing Units Benefiting from the Phased Reduction and Exemption Policy for Social Insurance Contributions” was issued. According to the document’s requirements, the company is eligible for preferential treatment in terms of reduced employer contributions for social insurance (pension, unemployment, and work-related injury) from February to June.
While benefiting from the state’s preferential policies, the company also takes full account of the practical difficulties faced by its employees. To this end, the company has issued a document titled “Regarding Fully or Partially Covering the Costs for Employees Who Have Signed Formal Employment Contracts.” “Decision on Individual Contributions to Social Insurance (Pension, Unemployment, and Work Injury) for February to June”: For employees who have signed formal labor contracts with the company, the company will fully cover the individual contributions to social insurance for February and March (individual contribution rates: 8% for pension, 0.3% for unemployment, and 0% for work injury). For April to June, the company will cover half of the individual contributions to social insurance.
This These measures have brought tangible benefits to the company’s employees, helping them overcome the financial challenges they’ve faced during this extraordinary time. At critical moments, Bozhong Vacuum always stands by its employees, deeply caring for them and working together to surmount these difficult times.
Shandong Bozhong Vacuum Technology Co., Ltd.
April 28, 2020
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