EPFO Data Shows Increment in Involvement of Women in the Workforce

By: WE STAFF | Monday, 23 November 2020

A newest payroll knowledge launched by the Workers’ Provident Fund Organization (EPFO) confirms that the share of women in new formal jobs rose to an excessive of 26 percent in September from 18-22 percent in earlier months. Of the overall 1,047,167 new subscribers who joined the EPF scheme in September, 272,395 had been women. The variety of men who enrolled with the EPF was 774,751.

Moreover, in distinction with earlier months, when new women subscribers to the EPFO have been sometimes from the 22-25 years age bracket, in September a couple of lakh or 38% of the new women subscribers have been over 35 years of age. To make sure, not all new subscribers becoming a member of within the EPF scheme will be thought-about to be new jobs since there may very well be some component of formalization of the financial system with a number of having held jobs within the casual sector.

Suchita Dutta, Government Director, Indian Staffing Federation (ISF), attributed the rise within the share of women to their elevated participation as healthcare and care-giving employees for the reason that pandemic and likewise to the opening up of extra alternatives for them within the packaging and facility administration providers sectors.

The reverse migration of men employees to their villages has seen women entering into the breach. The packaging and cell manufacturing sectors now make use of many extra women and their relying has almost doubled within the final seven months to 11-12 percent of the workforce from 5-6 percent earlier.

Former Chief Provident Fund Commissioner, KK Jalan identified that the numbers for one month can’t actually be thought-about a development. Nonetheless, even when the September numbers are an aberration, it’s a wholesome one. As per the 2019-20 Financial Survey, India had a complete of 471.2 million employees in 2017-18. Of those, 108.5 million had been feminine, down from 129.1 million in 2011-12. The variety of male employees through the interval, nevertheless, elevated to 362.9 million from 343.8 million in 2011-12.