New Delhi: The provisional payroll data of EPFO highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscriber addition in January this year as compared to the net additions during the previous month of December 2021, said the Ministry of Labour and Employment in a statement.
Of the total 15.29 lakh net subscribers added during the month, around 8.64 lakh new members have been registered under the social security ambit of EPF and MP Act, 1952 for the first time. Approximately 6.65 lakh net subscribers exited but re-joined EPFO by continuing their membership with EPFO instead of opting for final withdrawal. The payroll data also reflects a declining trend in the number of members exited since July, 2021, said the Ministry.
Age-wise comparison of payroll data shows that the age-group of 18-25 years has registered the highest number of net enrolments with 6.90 lakh additions during January2022, which is around 45.11 per cent of total net subscriber addition during the month. This is followed by the age-group of 29-35 years with a healthy addition of around 3.23 lakh net enrolments.
The state-wise comparison of payroll figures highlights that the establishments covered in the states of Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka are in lead by adding approximately 9.33 lakh subscribers during the month, which is around 61 per cent of total net payroll addition across all age groups.
The gender-wise analysis indicates that net female payroll addition during the month is approximately 3.20 lakh during the month. Share of female enrolment is approximately 21 per cent of the total net subscribers addition during the month of January, 2022 with an increase of 57,722 net enrolments over the previous month of December, 2021.
Industry-wise payroll data indicates that the ‘expert services’ category consisting of manpower agencies, private security agencies and small contractors, etc., constitutes 39.95 per cent of total subscriber addition during the month. In addition, a growing trend in net payroll additions has been noted in industries like expert services, engineering contractors, trading, building and construction industry, etc.
The payroll data is provisional since the data generation is a continuous exercise, as an updation of employee record is a continuous process. The previous data hence gets updated every month. From the month of April-2018, EPFO has been releasing payroll data covering the period September, 2017 onwards. /BI/
