Does the minimum wage include social security insurance? The salary of the account manager of Wuhan Sales Department of Cai Xiang Securities is only a few hundred yuan, and some of them are only a doz

Does the minimum wage include social security insurance? The salary of the account manager of Wuhan Sales Department of Cai Xiang Securities is only a few hundred yuan, and some of them are only a dozen yuan! The factors to be considered in determining the minimum wage standard generally include the living expenses of urban residents, social insurance premiums paid by individual employees, housing accumulation fund, average wages of employees, unemployment rate, economic development level and other factors. Can be expressed as:

M=f(C、S、A、U、E、A)

M minimum wage standard;

C. per capita living expenses of urban residents;

Social insurance premiums and housing accumulation funds paid by individual employees;

Average salary of employees;

Unemployment rate;

E. level of economic development;

A adjustment factors.

General method of determining minimum wage standard

1. Proportional method is to determine a certain proportion of households with the lowest per capita income as poor households according to the household survey data of urban residents, calculate the per capita living expenses of poor households, multiply them by the support coefficient of each employee, and add an adjustment.

2. Engel's coefficient method is based on the annual standard food spectrum and standard food intake provided by the National Nutrition Society, combined with the market price of standard food, to calculate the minimum food expenditure standard, divide it by Engel's coefficient to get the minimum living standard, then multiply it by the support coefficient of each employee, plus an adjustment.

After calculating the monthly minimum wage standard according to the above method, social insurance premium, housing accumulation fund, average wage level of employees, social relief and unemployment insurance standard, employment status, economic development level, etc. Make the necessary corrections.

For example, the average monthly living expenses of the lowest income group in a certain area are 2 10 yuan, the support coefficient of each employee is 1.87 yuan, the minimum food expenses are 127 yuan, the Engel coefficient is 0.604, and the average wage is 900 yuan.

1. According to the proportional method, the monthly minimum wage in this area is calculated as follows:

The monthly minimum wage = 2 1 0×1.87+a = 393+a (RMB) (1).

2. According to Engel coefficient method, the monthly minimum wage in this area is calculated as follows:

Monthly minimum wage =127 ÷ 0.604×1.87+a = 393+a (yuan) (2)

The adjustment coefficient of a in formulas (1) and (2) mainly considers the expenses paid by local individuals such as pension, unemployment, medical insurance and housing accumulation fund.

In addition, according to the international average monthly minimum wage, which is equivalent to 40-60% of the average monthly wage, the monthly minimum wage in this area should be between 360 yuan and 540 yuan.

Hourly minimum wage standard = = [(monthly minimum wage standard ÷20.92÷8)×( 1+ sum of the proportion of basic old-age insurance premium and basic medical insurance premium payable by the unit) ]×( 1+ floating coefficient)

The determination of floating coefficient mainly considers the differences between part-time employees and full-time employees in job stability, working conditions, labor intensity, welfare benefits and so on.

All localities can refer to the above calculation method and reasonably determine the monthly and hourly minimum wage standard according to the local actual situation.