| Why do you resign? | |
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| Aug 7, 2012 22:39 | #11   |
 | Quote:Originally Posted by WANHU Laugh, sending a resignation letter is a courtesy instead of disappearing without trace. Maybe some new employers need a letter of release from the previous employers while some companies could never be bothered.<br />Wan Wan, it is not just a courtesy but also a procedure. Remember that you have insurance and social welfare paid by yourself and your company. When you move to next company, you need to transfer your insurance and your social welfare to your new company too. Unless you do not care about your insurance and social welfare, you can quit without telling your employer. If you break up with your employer unhappily, you might have trouble when you transfer your insurance and social welfare. In China, you need get a resignation certificate from your previous employer when you transfer your insurance and social welfare. Do you think you can get it easily if you broke up with your employer unhappily? |
Last edited by LAUGH: Aug 7, 2012 22:42 | |
| Aug 8, 2012 19:37 | #12 |
| Different kind of procedure. Here we have social security, controlled and monitored by the government for those working with companies, factories, etc. The same goes with Employee Provident Fund where employee needs to contribute 9% from his monthly pay, and 11% by the employer. If he resigns, the employer will stop its contribution. Insurance is individual's preference and it's not compulsory. For government employees we don't have social security instead we have free medical, gratuity and other benefits. It's totally different set of scenario. Wan |
| Aug 8, 2012 20:35 | #13 |
| Wan, I am sorry that I didn't make it clear. The insurance here refers to medical care, unemployment insurance, injury insurance and maternity insurance. These insurance together with social welfare (old-age insurance) are controled by the government too. When you resign, your employer will stop paying their contribution. After you find a new employer, you have to transfer these insurance to your new company so that they pay their contribution. However, as I said, you need to get a resignation certificate from your previous employer to transfer your insurance to your new company. |
| Sep 6, 2012 08:24 | #14 |
| I understand dear Laugh, that's what I said we have totally different scenario. Like me I don't have any insurance whatsoever except motor-vehicle insurance for my motorcycle and car. For Employee Provident Fund, I contributed only the first 10 years of my service (in government sector). Insurance (whatever, medical or education, etc) is not compulsory, employees have the choice to buy or not to buy. Wan |
| Sep 10, 2012 03:23 | #15 |
| Wan, You already contributed 10 years of service insurance to your government. How much can you get back per month when you retire? |
| Sep 10, 2012 23:52 | #16 |
| Dear Laugh, 10 years is not insurance but Employee Provident Fund which can be withdrawn partially while in service, or withdraw fully when one reaches 55 years of age. For those who opted for pensionable scheme, they can only withdraw their own contribution (9%) while the government will take back its contribution of 11%. 10 years of contribution is not much, only 9% from the salary, say 1000, so 90 X 120 months (10 years) = 10800. That amount of money can only buy a motorcycle or a deposit for a car. Under the pension scheme, those working for 25 years will be given half of the basic salary, and those working for more than 30 years will get 60% of the last basic salary. Wan |
| Sep 10, 2012 23:56 | #17 |
| Dear Laugh For government employees, we are also be given gratuity payment, that is according to our months of service X last drawn basic salary X 7.5%. Those who contribute their annual leave for Golden Handshake, 30 days leave for one month last drawn salary with allowances. Wan |
| Oct 22, 2012 22:23 | #18 |
| Wan, It is reported that China is planning to ask more money from ordinary workers because it doesn't have enough money to support those retired workers. Actually, the local government raises the pension rate every year. |
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