How will income change during the epidemic? Will the epidemic affect everyone's salary?

Because of this epidemic, many companies and industries have been affected and encountered difficulties to varying degrees. Many companies are in big trouble this time. I just hope that the epidemic will pass quickly! Full salary and benefits may also be greatly discounted. Let's read the article below to find out!

How will income change during the epidemic?

The sudden outbreak of the epidemic has caused many companies to encounter varying degrees of difficulties in their production and operations. Recently, the Ministry of Finance has introduced policies such as adjusting some corporate income taxes and exempting some industries from value-added tax to reduce the burden on companies. The central bank has also promoted the resumption of work and production of companies through measures such as special loans.

In general, the epidemic has severely affected industries such as accommodation and catering, culture, sports and tourism, and migrant workers. However, some industries, such as online shopping, online classes, online entertainment and smart manufacturing, are growing faster.

Will the epidemic affect everyone’s wages?

Because some enterprises have too long rest time, it may be difficult for employees to receive full salary and benefits. This depends on the internal requirements and regulations of the enterprise. After all, it is not caused by human factors, but force majeure factors. Therefore, it is not a bad idea to give employees certain subsidies.

Are full salary benefits still available during the epidemic?

However, one thing is certain: before the labor contract is terminated, as an enterprise, it is necessary to pay the five social insurances and one housing fund to employees in accordance with the law. So every employee can enjoy the five social insurances and one housing fund in accordance with the law. So, for employees, they can enjoy the five social insurances and one housing fund, but I think many enterprises may give a certain discount for the full salary.

Related News

The epidemic has directly brought difficulties to business operations. Some companies have begun to limit and reduce salaries by reducing wages, reducing performance during remote work, and deducting annual leave. In addition, the epidemic is undoubtedly another blow to the demand for the labor market. It should be said that the sluggish labor market since 2018 has become more and more serious. This year is bound to be a difficult year. For workers, they should keep a low profile and seek stability, and stick together to keep warm in the cold winter.