The Shanghai EIP (Employment Incentive Program) is a program designed to encourage companies to hire more people in the Shanghai area. Under the program, companies that hire new employees in Shanghai may be eligible for certain tax incentives and other benefits. The program is designed to help companies find employees in the Shanghai area and provide them with the necessary incentives to make them more attractive to potential employees. As long as the contracts meet the requirements of the program, companies can still benefit from the Shanghai EIP even after they have hired their new employees. This can help companies keep their costs down while still providing quality jobs to the people of Shanghai.
