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This is an 11.97 per cent increase in the net addition during the current month as compared to the previous month of November 2023. In November 2023, EPFO added 13.95 lakh net members.
As per the provisional payroll data, released by the ministry of labour and employment on Thursday, new employees added to ESIC in December 2023 stood at 1.88 million as against 1.59 million in November while the new 23,347 new establishments were added to it in the month under consideration.
As per the provisional payroll data, released by the ministry of labour and employment, EPFO also registered a decline of 9.15% in formal job creation month-on-month as 1.53 million net new jobs were created in the retirement fund body in October 2023.
Payroll data reflects that approximately 10.67 lakh members exited but rejoined EPFO. - EPFO Adds 13.95 Lakh Net Members During November 2023
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