Legal analysis: The compensation basis for the boss's dismissal of employees is Article 47 of the Labor Contract Law of People's Republic of China (PRC). If the boss runs away, employees can apply to the local labor department for labor arbitration, and at the same time apply to the court for asset preservation and liquidation of auction company assets. If the company goes bankrupt, all its assets shall give priority to paying the wages and economic compensation to the workers. When applying for labor arbitration, you should fill in the labor complaint, submit the certificate that can prove the labor relationship, and the specific amount of wages in arrears. If the company goes bankrupt and goes into bankruptcy proceedings, employees can not only recover their wages, but also get economic compensation according to law. If the monthly salary of workers is three times higher than the average monthly salary of local workers announced by the people's government of the municipality directly under the central government or the city with districts where the employer is located, the standard for paying economic compensation to workers is three times the average monthly salary of workers, and the longest period for paying economic compensation to workers shall not exceed 12 years.
Legal basis: Article 47 Calculation of Economic Compensation in People's Republic of China (PRC) Labor Contract Law. The economic compensation is paid to the employee according to the standard of paying one month's salary every year according to the number of years the employee has worked in this unit. For more than six months but less than one year, it shall be counted as one year; If it is less than six months, economic compensation of half a month's salary shall be paid to the workers. If the monthly salary of workers is three times higher than the average monthly salary of local workers announced by the people's government of the municipality directly under the central government or the city with districts where the employer is located, the standard for paying economic compensation to workers is three times the average monthly salary of workers, and the longest period for paying economic compensation to workers shall not exceed 12 years. The monthly salary mentioned in this article refers to the average salary of workers in the twelve months before the dissolution or termination of the labor contract.