प्रतिक्रिया | Thursday, May 23, 2024

21/04/24 | 2:04 pm | Epfo | Payroll Data

Payroll Data: EPFO adds 15.48 lakh net members during February 2024

As per the release, gender-wise analysis of payroll data also revealed that out of 7.78 lakh new members, around 2.05 lakh are new female members. Also, the net female member addition during the month stood at around 3.08 lakh. The female member addition is indicative of a broader shift towards a more inclusive and diverse workforce.

Month-on-month comparison of industry-wise data displays growth in the number of members working in establishments engaged in the industries, viz., establishments engaged in manufacture, marketing servicing & usage of computers, companies, societies, associations, clubs, troupes for performances, road motor transport, automobile servicing, textiles, etc. Of the total net membership, around 41.53 per cent addition is from expert services (consisting of manpower suppliers, normal contractors, security services, miscellaneous activities, etc.), the release mentioned.

The release stated that the payroll data released today is provisional since data generation is a continuous exercise and updating employee records is a continuous process, adding that the previous data gets updated every month.
Since April 2018, EPFO has been releasing payroll data covering the period from 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 are re-joining as members, is taken to arrive at net monthly payroll, the release added.

(ANI)

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