The Employees’ Provident Fund Organisation (EPFO) is the social security organisation under the Government of India’s Ministry of Labour and Employment responsible for the regulation and management of provident funds. Since April 2018, EPFO has been releasing payroll data covering the period from September 2017 onwards.
It has added 1.39 crore net members with a rise of 13.22 per cent in 2022-23, compared to 1.22 crore net members in 2021-22. There are around 7.58 lakh new members who registered, for the first time. It added 13.40 lakh net members in March this year. This data is further categorised by age, gender and state.
People in the age group of 18-21 years are among the highest to enrol with 2.35 lakh members, followed by the age group of 22-25 years with 1.94 lakh members. About 56.60 per cent of the total new members are from the age groups of 18-25 years.
The Ministry of Labour and Employment said that the age-wise comparison of payroll data indicates that the majority of the members joining the organised sector workforce of the country are first-time job seekers.
Analysis of payroll data gender-wise, shows that there has been a net enrolment of 2.57 lakh female members in March 2023, which is around 19.21 per cent of the net members who joined in March. Of these, 1.91 lakh women have newly joined this year.
The top five states in terms of net member addition are Maharashtra, Tamil Nadu, Karnataka, Haryana and Gujarat. These states together constitute 58.68 per cent of net member addition during the month. Maharashtra is the leading state in the country constituting 20.63 per cent of net members followed by the Tamil Nadu with 10.83 per cent.
The payroll data is a continuous process and gets updated every month as new employees keep enrolling.
