"18 month salary" is a well-understood statement. Actually, there are only 12 months in a year. The year-end award is based on the total salary of six months, which adds up to 18 months salary. Enterprises can make their own regulations on how to pay wages for those six months, such as combining daily KPI assessment. A company with a salary of 18 months is a very good enterprise. According to relevant information, the principle of salary payment is to ensure that salary payment can give full play to its incentive function.
This is generally a high welfare provided by some large enterprises with very good operating efficiency, and it is a kind of welfare treatment to attract employees. This salary structure in China mostly appears in the Internet industry or high-paying industries such as finance and real estate.
What are the requirements for salary payment?
1. Wages shall be paid to the workers themselves on a monthly basis in the form of currency, and the wages of the workers shall not be deducted or delayed without reason. That is to say, pay wages at least once a month, and if the weekly, daily and hourly wage system is implemented, you can pay wages on a weekly, daily and hourly basis;
2. Generally speaking, if the employer and the employee have agreed on the date of wage payment in the labor contract, they shall pay according to the agreed date;
3, there are exceptions, such as the completion of a one-time temporary labor or specific work, the employer may, according to the agreement or contract between the two parties, pay wages after the laborer completes the labor task;
4. If wages are not paid in full and on time, you can seek relief. For example, complain to the labor inspection brigade and apply for labor arbitration;
5. If the wages are not paid in full and on time, the arrears of wages can be brought to court.
Legal basis:
Interim provisions on wage payment
Article 2 These Provisions shall apply to enterprises, individual economic organizations (hereinafter referred to as employers) and laborers who have formed labor relations with them in People's Republic of China (PRC).
State organs, institutions, social organizations and workers who have established labor contract relations with them shall be implemented in accordance with these provisions.