Payroll Data

Asia markets start momentous month on cautious side, awaits US payrolls

Oil extended its rally, with Brent prices up almost 2 per cent to $74.13 a barrel, on reports that Iran was preparing a retaliatory strike on Israel from Iraqi territory in the coming days

EPFO enrolls 1.9 million net members in April, increase of 31% from March

The data indicates that around 887,000 new members enrolled in April 2024

ESIC adds 1.6 mn workers, including 0.3 mn women, in April: Payroll data

Employees' State Insurance Corporation (ESIC) added 16.47 lakh new members in April as per payroll data released on Wednesday. "Through the data, it is noticeable that more jobs have been generated for the youth of the nation as out of the total 16.47 lakh employees added during the month, 7.84 lakh employees amounting to around 47.60 per cent of the total registrations belong to the age group of up to 25 years," a labour ministry statement said. According to the statement the provisional payroll data of ESIC reveals that 16.47 lakh new employees have been added in April 2024. Also, it stated that the gender-wise analysis of the payroll data indicates that net enrolment of female members was 3.38 lakh in April. Besides, 53 transgender employees also got registered under the ESI Scheme in the April, attesting to ESIC's commitment to deliver its benefits to every section of society. Around 18,490 new establishments have been brought under the social security ambit of the ESI Scheme

China suspected of UK's defence ministry payroll breach: Reports

The UK Parliament is expected to be briefed by the defence minister later on Tuesday after reports of a massive data breach involving the Ministry of Defence (MoD) targeting service personnel from the Royal Navy, Army and Royal Air Force. According to the BBC, the government suspects China was behind the hack of the armed forces payroll system that is run by an external contractor and includes data of both current and some past armed forces members. However, Defence Secretary Grant Shapps is not expected to directly name China when he updates members of Parliament in the House of Commons as the investigation remains ongoing. The system used by the MoD includes names and bank details of armed forces personnel and in a very small number of cases, the data may include personal addresses. Government sources have stressed that no operational MoD data has been obtained in the hack, the motive behind which remains unclear. It is understood the MoD has taken immediate action and the system

US private payrolls increase by 192,000 jobs in April, beat expectations

All industries, with the exception of information, increased hiring last month. Construction led the increase with 35,000 jobs added

EPFO adds 1.39 million net members during November 2023: Payroll data

Retirement fund body EPFO added 13.95 lakh net members in November 2023, as per the latest payroll data released on Saturday. Cumulative net addition of members during the current financial year continues to remain higher than that of the corresponding period of the previous year, a labour ministry statement said. According to the statement, the EPFO's (Employees' Provident Fund Organisation) provisional payroll data highlighted that the body added 13.95 lakh net members in November. The data indicates that around 7.36 lakh new members were enrolled during the month. The 18-25 age-group constitutes 57.30 per cent of the total new members added during the month, showing that a majority of members joining the organised sector workforce of the country are youth, who are mostly first-time job seekers. The payroll data reflects that about 10.67 lakh members exited but rejoined EPFO during the month. In fact, these members switched jobs and rejoined the establishments covered under the

ESIC adds around 1.7 million new subscribers in October: Payroll data

The Employees' State Insurance Corporation (ESIC) added 17.28 lakh new members in October, according to provisional payroll data released on Friday. Around 23,468 new establishments have been registered and brought under the social security umbrella of the ESIC in October 2023, ensuring more coverage, the Labour Ministry said in a statement while releasing the payroll data. Around 17.28 lakh new employees have been added in October 2023, the ministry said. More jobs have been generated for the youth as out of the total 17.28 lakh employees added, 8.25 lakh employees up to the age group of 25 years constitute new registrations, which is 47.76 per cent of the total employees. Net enrollment of female members was 3.31 lakh in October, according to the data. A total of 51 transgender employees were registered under the ESI Scheme in the month of October. It shows that ESIC is committed to deliver its benefits to every section of the society, the ministry stated. The payroll data is

RazorpayX Payroll enables payslip, reimbursement filing through Whatsapp

India's HR payroll software market is projected to reach $14.31 billion by 2030

1.98 mn new workers enrolled under health insurance scheme ESI in July

Employees' State Insurance Corporation added 19.88 lakh new workers under its health insurance scheme ESI in July 2023. The provisional payroll data of ESIC shows that 19.88 lakh new employees were added in the month, a labour ministry statement said. Around 27,870 new establishments were registered and brought under the social security umbrella of ESIC in the month under review, thus ensuring more coverage, it said. The data shows that more jobs were generated for the youth as out of the total 19.88 lakh employees added during the month, 9.54 lakh were up to the age of 25 years, constituting the majority of new registrations. Gender-wise analysis of the payroll data indicates that net enrolment of female members was 3.82 lakh in July 2023. The data shows that total 52 transgender employees were registered under ESI (Employees State Insurance) scheme in July 2023. The payroll data is provisional since data generation is a continuous exercise.

SVB fallout: Present imperfect, future tense for Indian start-ups

Though many of them expect limited near-term impact, lack of SVB-like support system may pinch them later

US private sector witnessed slower job growth in August, says report

Private companies in the US added 132,000 jobs in August, indicating a slower growth in a tight labour market, a payroll data company said in a report

ESIC scheme adds 1.49 million new members in May, says NSO report

Around 14.93 lakh new members joined the ESIC-run social security scheme in May 2022, according to official data released on Monday. The latest data is part of a report -- Payroll Reporting in India: An Employment Perspective - May 2022 -- released by the National Statistical Office (NSO). It showed that the gross new enrolments with Employees' State Insurance Corporation (ESIC) rose to 1.49 crore in 2021-22, from 1.15 crore in 2020-21. It was 1.51 crore in 2019-20 and 1.49 crore in 2018-19. From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme. The report said gross new enrolments with ESIC from September 2017 to May 2022 were 6.76 crore. The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees' Provident Fund Organisation (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA). According to the report, net new enrolments with retirement fund body EPFO stood at

EPFO adds 1.27 mn subscribers in October, clocks 10.2% YoY increase

The EPFO provides provident fund, pension benefits to the members on their retirement and family pension & insurance benefits to their families in case of untimely death of the member

At 1.48 mn, Employees' Provident Fund sees record net payroll in August

The numbers - also called net payroll data - were higher in each of the first four months of the current financial year than the average monthly figure of previous years

Huge spike in EPF payrolls throws up debate on formalisation of the economy

While 2020-21 may not be the right year to compare with due to Covid, net payroll data in each of April, May and June exceeded average monthly figure since the data began to be compiled for Sept 2017

EPFO adds over 1.27 million subscribers in April, an increase of 13.73%

Net new enrolments with retirement fund body EPFO increased by 13.73 per cent to 12.76 lakh in April from 11.22 lakh in March this year, according to payroll data released on Sunday.

At 1.33 mn, January net addition to payroll highest in FY21, shows data

The increasing number of Covid cases and reimposition of some restrictions in a few states of the country, particularly Maharashtra, may have an adverse impact on the numbers going forward

Net payroll addition cruises after falling for two months, shows data

Net payroll addition rose to 12.5 trillion in December from 8.7 trillion in the previous month

Net payroll addition declines in line with other macroeconomic data

After looking up for two months since lockdown was eased in September, various data point to slowing down of the economy in November

EPFO records over 1 mn new enrolments in August up from 748,000 in July

Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 845,000 in July this year