Women account for 2.56 lakh of EPFO’s net payroll additions
Tribune News Service
New Delhi, August 23
The Union Labour Ministry’s EPFO (Employees Provident Fund Organisation) provisional data says women accounted for 2.56 lakh of the 12.83 lakh net payroll additions during the month of June 2021.
Gender-wise analysis of the data released last week indicates that the net female during the month of June is around 0.79 lakh more than those during May 2021.
“With respect to payroll data, the impact of the second wave of Covid-19 pandemic waned during June 2021, leading to tremendous growth in net payroll additions as compared to April and May 2021,” a Labour Ministry functionary said in explanation about the development.
Regarding the age-wise comparison of payroll data, the age group of 18-25 years has registered the highest number of net enrolments with around 6.15 lakh additions, which is 47.89% of total net additions during the month of June 2021.
This is followed by age group of 29-35 with around 2.55 lakh net payroll addition. Age-wise payroll data indicates that many first-time job seekers are joining organised sector workforce in large numbers.
During the month, around 4.73 lakh net subscribers exited but rejoined EPFO by changing jobs within the establishments covered by it.
“This shows that majority of subscribers opted to continue their membership with EPFO, using transferring of funds from previous job to the current PF account rather than applying for final withdrawal of their PF accumulations,” the Ministry’s functionary said.
State-wise comparison of payroll shows that states of Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka are still at the forefront of payroll addition with addition of approximately 7.78 lakh subscribers during the month. This is around 60.61% of total net payroll addition across all age groups.
Industry-wise payroll data indicates that ‘expert services’ category (consisting of manpower agencies, private security agencies and small contractors etc.) constitutes 41.84% of total subscribers’ addition during the month. In addition, month-on-month growing trend in net subscription has been noticed for industries like trading-commercial establishments, engineering products, building & construction, textiles, garment making, hospitals and financing establishments.
