Preschool Staff Payroll & Social Insurance Calculations Under 2024 Regulations
1. Mandatory Statutory Contribution Rates (32% Total)
The breakdown of compulsory contributions under Vietnamese labor regulations:
- Employee deduction (10.5%): 8% Social Insurance, 1.5% Health, 1% Unemployment.
- School contribution (21.5%): 17% Social Insurance, 3% Health, 1% Unemployment.
- Trade Union Fund: 2% of total payroll budget contributed by employer.
2. Automated Payroll Workflow in EYC
EYC links biometric gate timekeeping directly with payroll engine calculation, eliminating Excel formula mistakes and automating monthly pay stubs.
★Executive Summary
Automated statutory payroll saves 15-20 accounting hours monthly while ensuring zero legal penalty risks.
Before you apply this guidance
This article provides general information, not legal advice, medical diagnosis, or emergency instructions. Check the rules currently in force and consult the relevant authority or qualified professional for your specific situation.
References
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