Sunday, April 20, 2025

Hiring on Fire: EPFO Data Shows Massive Growth in Workforce Participation

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The Employees’ Provident Fund Organization (EPFO) has released provisional payroll data for January 2025, showing a net addition of 17.89 lakh members.

This marks an 11.48% increase compared to December 2024. Year-over-year, net payroll additions grew by 11.67% compared to January 2024.

It is indicating more job opportunities and better awareness of employee benefits, supported by EPFO’s outreach efforts.

Key Highlights of EPFO Payroll Data (January 2025)

New Subscribers

EPFO registered 8.23 lakh new subscribers in January 2025, a 1.87% increase from January 2024. This rise reflects growing employment and improved awareness of workplace benefits.

Young Workforce Leads Growth

The 18-25 age group made up the largest share of new subscribers, with 4.70 lakh members added, accounting for 57.07% of total enrollments. This represents a 3.07% increase from January 2024.

The total net payroll addition for this age group reached 7.27 lakh, rising by 6.19% from December 2024 and 8.15% from January 2024.

The data confirms that most new hires in the organized sector are young and likely first-time job seekers.

Rejoined Members

Around 15.03 lakh members left and later rejoined EPFO, a 23.55% increase from January 2024. These employees switched jobs but opted to transfer their provident fund rather than withdraw it, ensuring continued financial security.

Increase in Female Membership

Among the new subscribers, 2.17 lakh were women, reflecting a 6.01% rise from January 2024.

Net female payroll additions reached 3.44 lakh, increasing by 13.48% from December 2024 and 13.58% from January 2024. This trend signals greater workforce diversity and inclusion.

State-wise Contribution

The top five states and union territories contributed 59.98% of the net payroll addition, totaling 10.73 lakh. Maharashtra led with 22.77% of the additions.

Other key contributors included Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi, Uttar Pradesh, and Telangana, each accounting for over 5% of the total.

Industry Trends

Payroll additions were strong across multiple industries, with expert services (manpower suppliers, security services, contractors, and related fields) contributing the most at 39.86%. Other industries showing growth included:

  • Financing establishments
  • Electrical, mechanical, and general engineering
  • Road transport
  • Beedi making
  • Food preservation (fruits and vegetables)

Data Accuracy and Updates

EPFO payroll data is provisional, as updates occur regularly. Adjustments may be made due to late filings, modifications, or updates to member records.

EPFO has been publishing payroll data since April 2018, covering records from September 2017 onward.

The data includes first-time enrollments through Aadhaar-linked Universal Account Numbers (UAN), exits from EPFO coverage, and rejoining members, helping to determine net monthly payroll trends.


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