Formal job creation up 3% under ESIC at 1.78 million in October: Payroll data
Employees’ State Insurance Corporation (ESIC) went up by 3% in October to 1.78 million compared to 1.72 million in October 2023, shows the provisional payroll data released by the ministry of labour and employment on Wednesday.
Month-on-month, the formal jobs created under ESIC, however, fell by 13.2% when compared to 2.05 million formal jobs created in September 2024.
As per the provisional payroll data, around 21,588 new establishments have been brought under the social security ambit of the ESI scheme in October compared to 23,043 establishments added in September, 2024.
“Out of the total 1.78 million employees added during the month, 0.85 million employees or 47.7% of the total registrations belong to the age group of up to 25 years,” it said.
Further, the gender-wise analysis of the payroll data indicates that net enrolment of female members has been 0.35 million in October, 2024 while 42 transgender employees got registered under ESI scheme in the month under consideration, suggesting the commitment of ESIC to deliver its benefits to every section of the society.
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