Key Points
The Employees Provident Fund Organisation (EPFO) witnessed a marginal dip of 2.6% in year-on-year addition of net employees in January at 1.48 million as against 1.52 million added in January last year...
Month-on-month comparison of the addition of formal workforce, however, shows an increase of 15.6% with December net employee addition at 1.28 million compared to 1.48 million in January...
According to the provisional payroll data released by the labour ministry on Monday, out of 1.48 million subscribers added to EPFO during the month, around 0.77 million new members have come under the ambit of EPFO for the first time.. Further, only 0.34 million members exited from the retirement fund body coverage in January, which is the lowest exit in the last four months while approximately 1.06 million members re-joined EPFO membership...
Gender-wise analysis of payroll data reflects that enrolment of net female members has been 0.28 million in January, 2023, of which around 0.19 million female members are the new joinees...
This shows that 68.61% of the net female members have come under the fold of EPFO for the first time, the ministry said.. State-wise comparison shows high month-on-month addition in Karnataka, Uttar Pradesh, Orissa, Delhi and Himachal Pradesh..
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20, Apr, 23As per the provisional data, released on Thursday, formal job creation fell slightly when compared month-on-month with net new employees added to the retirement fund body at 1.48 million in January. According to the data, out of 1.39 million subscribers added to EPFO during the month, around 0.73 million new members have come under the ambit of EPFO for the first time.
EPFO adds 1.72 million members in September
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Formal sector workers under EPFO surge by 13.2% to 13.9 million in 2022-23
21, May, 23Formal sector workers under the Employees Provident Fund Organisation surged by 13.2% to 13.9 million in 2022-23 compared to 12.2 million in 2021-22, shows the provisional payroll data released by the retirement fund body on Saturday.
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21, Feb, 24As per the payroll data released by the ministry of labour and employment on Tuesday, the year-on-year net new subscribers addition to EPFO was higher by 4.62% when compared to 1.49 million net new subscribers added in December 2022. This surge in membership can be attributed to various factors, including increased employment opportunities, a growing awareness of employee benefits, and the effectiveness of EPFOs outreach programs, the labour ministry said
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EPFO gross new members addition dips to 10.24 mn in June 2024: Mospi
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