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Payroll Data: EPFO adds 15 48 lakh net members during February 2024

employment trends: EPFO Payroll data shows surge in youth employment; 15 48 lakh net members added in February 2024

The EPFO s provisional payroll data for February 2024 reveals a significant increase of 15.48 lakh net members, with the 18-25 age group constituting 56.36% of new additions. The data also shows a positive trend in female employment, with around 2.05 lakh new female members added during the month. The release highlights a diverse workforce, with growth seen in various industries. Overall, the data reflects a positive outlook for youth employment and inclusivity in the workforce.

5 priorities for people professionals to take the HR function forward

Focus is expected to be on wellbeing, job mobility, building a professional network, and more as avenues for people practitioners to look into.

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