Bhupender Yadav says employment opportunities are on rise
Speaking on the transfer policy of ESIC employees the Minister informed that an Open, digital and transparent transfer policy will be put in force soon.
The Employees’ Provident Fund Organisation (EPFO) has released provisional payroll data for January 2025, revealing a net addition of 17.89 lakh members.
“An increase of 11.48 per cent has been registered in net payroll addition during the current month as compared to the previous month of December 2024,” the Ministry of Labour and Employment said on Thursday.
Further, the year-on-year analysis reveals a growth of 11.67 per cent in net payroll additions compared to January 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives.
According to key highlights of the EPFO Payroll Data (January 2025), the EPFO enrolled around 8.23 lakh new subscribers in January 2025.
The new subscribers’ addition shows year on year growth of 1.87 per cent from the previous year in January 2024. This growth in new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO’s successful outreach programs.
A noticeable aspect of the data is the dominance of the 18-25 age group, 4.70 lakh new subscribers added in the 18-25 age group, constituting a significant 57.07% of the total new subscribers added in January 2025. New subscribers in the 18-25 age group added in the month shows a growth of 3.07 per cent from the previous year in January 2024.
Further, the net payroll addition for the age group 18-25 for January 2025 is approximately 7.27 lakh reflecting an increase of 6.19 per cent compared to the previous month of December 2024 and a growth of 8.15 per cent from the previous year in January 2024. This is in consonance with the earlier trend which indicates that most individuals joining the organized workforce are youth, primarily first-time job seekers.
The payroll data highlights that approximately 15.03 lakh members exited and subsequently rejoined EPFO. This figure depicts a significant year-over-year growth of 23.55 per cent compared to January 2024.
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 safeguarding long-term financial well-being and extending their social security protection.
Gender-wise analysis of payroll data unveils that out of the total new subscribers added during the month, around 2.17 lakhs are new female subscribers. This figure exhibits significant year-over-year growth of 6.01 per cent compared to January 2024.
Further, the net female payroll addition during the month stood at around 3.44 lakh reflecting an increase of 13.48 per cent compared to the previous month of December 2024. It also depicts a significant year over year growth of 13.58 per cent compared to January 2024.
The growth in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce.
State-wise analysis of payroll data denotes that the top five states/ UTs constitute around 59.98 per cent of net payroll addition, adding a total around 10.73 lakh net payroll during the month.
Of all the states, Maharashtra is leading by adding 22.77 per cent of net payroll during the month. The states/UTs of Maharashtra, Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi, Uttar Pradesh and Telangana individually added more than 5 per cent of the total net payroll during the month.
From the month of April 2018, the EPFO has been releasing payroll data covering the period September 2017 onwards. In monthly payroll data, the count of members joining EPFO for the first time through Aadhaar validated Universal Account Number (UAN), existing members exiting from coverage of EPFO and those who exited but re-joined as members, is taken to arrive at net monthly payroll.
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