Hiring In Formal Sector Slips 20.8 Per Cent In Oct As Additions Reach 7-Month Low
2 weeks ago

Hiring In Formal Sector Slips 20.8 Per Cent In Oct As Additions Reach 7-Month Low

ABP News  

Fresh formal hiring in India declined in October, official data revealed. The data showed that the number of new monthly subscribers under the EPF plunged by 20.8 per cent to 750,000, in comparison to 947,000 additions seen in September. Share Of Freshers In Subscriber Additions From the overall 750,000 new EPF subscribers added in October, young people aged 18-25 accounted for 58.5 per cent or 438,700. Women In New Additions At the same time, women accounted for 27.9 per cent or 209,000 of the new additions in October, in comparison to 26.1 per cent or 247,000 subscribers added in September. The labour ministry in a statement noted, “The increase in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce.” The net payroll additions touched 1.34 million in October, slipping nearly 5 per cent from 1.41 million subscribers added in the preceding month.

Month Cent Oct Subscribers Formal Epf Net Additions  payroll  month  slips  hiring  net  additions  formal  data  7month  sector  reach  cent  labour  low  oct  number  subscribers

History of this topic

EPFO 3.0 rollout by June, says Mansukh Mandaviya
6 days, 16 hours ago

EPFO 3.0 rollout by June, says Mansukh Mandaviya

The Hindu  

Union Labour Minister Mansukh Mandaviya said in Delhi on Thursday that the Employees Provident Fund Organisation will launch its new software system EPFO 3.0 by June this year. Countering the Opposition’s charge of growing unemployment in the country, Mr. Mandaviya claimed that the employment has increased under NDA government when compared to UPA government. According to the Minister, employment in …

EPFO membership rises in October led by 18-25-year-olds; women join to lead the pack: Payroll data
2 weeks ago

EPFO membership rises in October led by 18-25-year-olds; women join to lead the pack: Payroll data

Live Mint  

The Employees' Provident Fund Organisation registered a net addition of 13.41 lakh members in October 2024. A significant highlight of the data is the dominance of the 18-25 age group, which accounts for 58.49 per cent of the total new members added during October. EPFO membership data trends in October The payroll data also reveals that approximately 12.90 lakh members …

EPFO membership surges with 1.34 million net additions in October
2 weeks ago

EPFO membership surges with 1.34 million net additions in October

Live Mint  

The Employees' Provident Fund Organisation reported a net addition of 1.34 million members in October. The surge reflects growing employment opportunities and heightened awareness of social security benefits among workers. Provisional payroll data for October reveals positive trends in both new enrolments and returning members, signalling continued progress in workforce participation. According to the Ministry of Labour and Employment’s release …

Higher Pension: Employers must submit wage details by January 2025 to get benefits
2 weeks, 4 days ago

Higher Pension: Employers must submit wage details by January 2025 to get benefits

Live Mint  

The Employees' Provident Fund Organisation provides an online facility for submitting wage details by employers for pensions on higher wages. “A final opportunity is being given to the employers till 31.01.2025 to ensure that employers process and upload these pending Applications for Validation of Option / Joint Options,” EPFO said in a statement. Additionally, the EPFO has also asked employers …

EPFO adds 18.81 lakh net members in September 2024, 9.47 lakh new enrollments
4 months ago

EPFO adds 18.81 lakh net members in September 2024, 9.47 lakh new enrollments

India TV News  

Employees' Provident Fund Organisation on Wednesday released a statement asserting that the retirement fund body logged 9.33 per cent growth in net member additions in September at 18.81 lakh compared to the year-ago month. The payroll data showed that EPFO enrolled around 9.47 lakh new members in September 2024, representing an increase of 6.22 per cent over September 2023. In …

EPF Sees Record High 985,000 New Subscribers Enroll In May, Women Make Up 25 Per Cent Of Additions
5 months, 2 weeks ago

EPF Sees Record High 985,000 New Subscribers Enroll In May, Women Make Up 25 Per Cent Of Additions

ABP News  

Fresh formal employment generation rose to touch a ten-month peak in May, official payroll data released by the Employees’ Provident Fund Organisation on Saturday showed. The latest monthly payroll data released by the EPFO stated that the number of new subscribers in the month under the EPF rose to 985,000, against 887,000 users logged in April. The net payroll additions …

EPFO adds 15.48 lakh net members in Feb. 2024
8 months, 2 weeks ago

EPFO adds 15.48 lakh net members in Feb. 2024

Deccan Chronicle  

Hyderabad: The EPFO’s provisional payroll data released on 20th April, 2024 highlighted that it added 15.48 lakh net members in the month of February, 2024. A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 56.36 per cent of the total new members added in February 2024 indicating the majority of individuals joining …

EPFO net October member additions at 1.53 million
1 year ago

EPFO net October member additions at 1.53 million

Live Mint  

New Delhi: The Employees' Provident Fund Organisation net added 1.53 million members in October, an increase of 18.22% from a year ago, according to provisional payroll data released on Wednesday by the labour ministry. Additionally, the payroll data showed that around 1.10 million members had exited the EPFO, only to re-register with the organisation within the same month. "These members …

EPFO Logs 17.21 Lakh Net Members In September
1 year, 1 month ago

EPFO Logs 17.21 Lakh Net Members In September

ABP News  

The Employees' Provident Fund Organisation saw a net addition of 17.21 lakh members in September, according to the payroll data released on Monday. It explained, “These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus, extending their social security protection.” Against the …

Over 1 million new EPF subscribers registered in July: NSO data
1 year, 3 months ago

Over 1 million new EPF subscribers registered in July: NSO data

Live Mint  

New Delhi: Over 10 lakh people joined the organised workforce in July, according to the latest data released on Monday from the National Statistical Office, Ministry of Statistics and Programme Implementation. In the 18-21 years age group, 331,541 new members joined the formal workforce, which included 258,374 men and 73,165 women, the data showed. In the 22-25 years age group, …

EPFO adds net 14.93 lakh subscribers in December
1 year, 10 months ago

EPFO adds net 14.93 lakh subscribers in December

Live Mint  

New Delhi: Retirement fund body Employees’ Provident Fund Organisation added 14.93 lakh subscribers on a net basis in December 2022, provisional data by the labour ministry showed on Monday. “Year-on-year comparison of payroll data reflects an increase of 32,635 in net membership addition in December, 2022 as compared to the corresponding month during last year in 2021,” the ministry said …

Provident Fund Body EPFO Adds 16.26 Lakh Net Members In November, 2022
1 year, 11 months ago

Provident Fund Body EPFO Adds 16.26 Lakh Net Members In November, 2022

ABP News  

The Ministry of Labour and Employment on Friday released provisional payroll data of the Employees’ Provident Fund Organisation, and said that the EPFO has added 16.26 lakh net members in the month of November 2022. The data shows an increase of 25.67 per cent in net additions compared to the previous month in October 2022, which indicates increased participation of …

EPFO adds 18.36 lakh new members in June 2022. Details here
2 years, 4 months ago

EPFO adds 18.36 lakh new members in June 2022. Details here

Live Mint  

EPFO added 18.36 lakh net members in June this year, as per the provisional payroll data. Further, in June 2022, EPFO registered an increase of 5.53 lakh in terms of net member addition compared to the same month last year. As per Ministry of Labour & Employment data, from the total of 8.36 lakh members added in June 2022, approximately …

EPFO Adds 16.8 Lakh Subscribers In May; 22-25 Age Group Sees Most Net Enrolments
2 years, 5 months ago

EPFO Adds 16.8 Lakh Subscribers In May; 22-25 Age Group Sees Most Net Enrolments

News 18  

The Employees’ Provident Fund Organisation added around 16.8 lakh new subscribers in May, an increase of over 80 per cent as compared with the 9.2 lakh subscribers registered in May last year. “State-wise comparison of payroll figures highlights that the establishments covered in the states of Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat and Delhi to remain in lead by adding …

EPFO adds 15.32 lakh net subscribers in March; women’s participation in organised workforce rises
2 years, 7 months ago

EPFO adds 15.32 lakh net subscribers in March; women’s participation in organised workforce rises

Firstpost  

Age-wise comparison of payroll data showed that the age group of 22-25 years has been on the forefront by registering the highest number of net enrolments, with 4.11 lakh additions during March 2022 New Delhi: Retirement fund body EPFO has added 15.32 lakh subscribers in March 2022, over 19 per cent more than 12.85 lakh enrolled in February this year. …

EPFO adds 14.81 lakh net subscribers in August
3 years, 2 months ago

EPFO adds 14.81 lakh net subscribers in August

India TV News  

The provisional payroll data of EPFO released on 20th October, 2021 highlights that EPFO has added around 14.81 lakh net subscribers during the month of August, 2021. Of the total 14.81 lakh net subscribers, around 9.19 lakh new members have come under the social security ambit of EPFO for the first time. Around 5.62 lakh net subscribers exited but rejoined …

EPFO's Net New Enrolments Up 28 % to 13.36 Lakh in January
3 years, 9 months ago

EPFO's Net New Enrolments Up 28 % to 13.36 Lakh in January

News 18  

Net new enrolments with retirement fund body EPFO grew 27.79 per cent to 13.36 lakh in January compared to the same month in 2020, according to the payroll data released on Saturday, providing a perspective on formal sector employment amid the pandemic. “The provisional payroll data of EPFO published on 20th March, 2021 highlights a growing trend of subscriber base …

Nearly 500,000 joined formal workforce in June: EPFO
4 years, 4 months ago

Nearly 500,000 joined formal workforce in June: EPFO

Live Mint  

At least 498,262 people joined India’s formal workforce in June, recording a growth for the second consecutive month, according to the payroll data of the Employees’ Provident Fund Organization released on Thursday. In contrast, the June payroll data showed strong revival to touch the half a million mark in fresh subscribers. To be sure, June’s fresh payroll additions are still …

EPFO Records 6.55 Lakh Net New Enrolments in June: Data
4 years, 4 months ago

EPFO Records 6.55 Lakh Net New Enrolments in June: Data

News 18  

Net new enrolments with retirement fund body EPFO rose to 6.55 lakh in June from 1.72 lakh during May 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis. Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 3.18 lakh in May …

At least 498,262 people joined formal workforce in June, EPFO payroll data
4 years, 4 months ago

At least 498,262 people joined formal workforce in June, EPFO payroll data

Live Mint  

At least 498,262 people joined the formal workforce in the month of June, recording a growth of second consecutive month, the payroll data of the employees provident fund organization revealed Thursday. As per payroll data, while April saw nearly 177,500 fresh subscribers, in May the number crept up to 303,388. In contrast June payroll data showed a strong revival to …

EPFO: Net new enrolments rise to 6.55 lakh in June
4 years, 4 months ago

EPFO: Net new enrolments rise to 6.55 lakh in June

Live Mint  

Net new enrolments with retirement fund body EPFO rose to 6.55 lakh in June from 1.72 lakh during May 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis. Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 3.18 lakh in May …

EPFO registers 3.18 lakh new subscribers in May
4 years, 5 months ago

EPFO registers 3.18 lakh new subscribers in May

The Hindu  

The Employees’ Provident Fund Organisation on Wednesday said it had registered a growth of 3.18 lakh new subscribers in May, indicating that “net new enrolments have started to make headway for most industry classifications”. “Despite the lockdown, around 1 lakh net new subscribers were added to social security schemes of the EPFO in April 2020.The subscriber base growth is on …

EPFO records 3.18 lakh new enrolments in May
4 years, 5 months ago

EPFO records 3.18 lakh new enrolments in May

India TV News  

Net new enrolments with retirement fund body EPFO rose to 3.18 lakh in May from 1 lakh during April 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis. Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 1.33 lakh in April …

Around 14.24 lakh new jobs created in July, higher than 12.49 lakh in previous month: ESIC payroll data
5 years, 3 months ago

Around 14.24 lakh new jobs created in July, higher than 12.49 lakh in previous month: ESIC payroll data

Firstpost  

New Delhi: Around 14.24 lakh jobs were created in July, higher than 12.49 lakh in the previous month, according to a latest payroll data from Employees’ State Insurance Corporation. It also showed that during September, 2017 to July, 2019, around 2.83 crore new subscribers joined the ESI scheme. The NSO report is based on the payroll data of new subscribers …

Employment generation rises at 8.14 lakh in March; about 67.59 lakh jobs created in FY19: EPFO payroll data
5 years, 7 months ago

Employment generation rises at 8.14 lakh in March; about 67.59 lakh jobs created in FY19: EPFO payroll data

Firstpost  

Around 67.59 lakh jobs were generated in the entire 2018-19 fiscal, the payroll data based on members joining the schemes of the Employees’ Provident Fund Organisation showed. New Delhi: Net employment generation in the formal sector was higher at 8.14 lakh in March 2019 against 7.88 lakh in February this year, according to the latest EPFO payroll data. The EPFO …

Employment generation in formal sector touches 17-month high of 8.96 lakh in January: EPFO
5 years, 9 months ago

Employment generation in formal sector touches 17-month high of 8.96 lakh in January: EPFO

Firstpost  

The sharpest revision was for March 2018 in the latest report which showed contraction or exit of 29,023 members from the EPFO subscriptions whereas last month’s estimated addition of 5,498 members. New Delhi: Net employment generation in the formal sector touched a 17-month high of 8.96 lakh in January, according to the latest Employees’ Provident Fund Organisation payroll data. Around …

8.96 lakh jobs created in January, 76.48 lakh in last 17 months: EPFO payroll data
5 years, 9 months ago

8.96 lakh jobs created in January, 76.48 lakh in last 17 months: EPFO payroll data

The Hindu  

Net employment generation in the formal sector touched a 17-month high of 8.96 lakh in January 2019, according to the latest EPFO payroll data. Around 76.48 lakh new subscribers were added to social security schemes of the Employees’ Provident Fund Organisation from September 2017 to January 2019, the data showed. The EPFO, however, revised slightly downwards its payroll data for …

76.48 lakh jobs created in last 17 months, 8.96 lakh jobs in January alone: EFPO payroll data
5 years, 10 months ago

76.48 lakh jobs created in last 17 months, 8.96 lakh jobs in January alone: EFPO payroll data

Op India  

According to the latest payroll data released by the Employment Provident Fund Organisation, the net employment generation in the formal sector shot up to a 17-month high reaching 8.96 lakh jobs in the month of January. According to the data, a total of 2,75,609 jobs were created in September 2017 and about 76.48 lakh new subscribers were added to social …

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