Employee Benefits in China, 2022 Update – Key Regulations, Statutory Public and Private Benefits, and Industry Analysis – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Employee Benefits in China, 2022 Update – Key Regulations, Statutory Public and Private Benefits, and Industry Analysis” report has been added to ResearchAndMarkets.com’s offering.

The report provides in-depth industry analysis, information, and insights of the employee benefits in China, including an overview of the state and compulsory benefits in China, detailed information about the private benefits in China, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in China

China is the world’s largest country, based on population. Despite being the second-largest economy in terms of nominal GDP and purchasing power parity after the US, its development is not uniform. China’s social security system includes various types of social insurance schemes, social assistance, and supplementary schemes.

The Ministry of Human Resources and Social Security (MHRSS), which administers the Social Insurance Law, is the apex body responsible for the effective functioning of the country’s social security system. As most social security schemes do not meet employees’ requirements, several private companies offer voluntary supplementary schemes.

Key Highlights

• The Ministry of Human resources and Social security and Labor Contract Law of China are responsible for the functioning of the overall social security system
• A person’s national insurance contribution is determined based on their income
• An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution
• In China, employers provide voluntary retirement benefits to their employees through occupational pension schemes, master trust and automatic enrollment

Scope

• It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
• It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, unemployment, Housing Fund, leaves and holidays and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in China

Key Topics Covered:

1. Executive Summary

2. Introduction

2.1 What is this Report about?

2.2 Definitions

3. Country Statistics

4. Overview of Employee Benefits in China

5. Regulations

6. State and Compulsory Benefits

6.1 Retirement Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.2 Death in Service

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.3 Long-Term Disability Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.4 Short-Term Sickness Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.5 Medical Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.6 Workers’ Compensation insurance

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.7 Maternity and Paternity Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.8 Other Benefits

• Unemployment benefits
• Housing Fund
• Leaves and Holidays

7. Private Benefits

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Disability Benefits

7.4 Medical Benefits

7.5 Accidental and Dismemberment Benefits

7.6 Other Benefits

For more information about this report visit https://www.researchandmarkets.com/r/92agex

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