Synopsis
In January 2025, the Employees State Insurance Corporation (ESIC) welcomed 18.19 lakh new members to its payroll, highlighting a significant rise in employment, particularly among young individuals aged up to 25. This growth aligns with broader trends in social security and employment benefits.Key Takeaways
- 18.19 lakh new employees registered with ESIC.
- 8.67 lakh of these are aged up to 25 years.
- 27,805 new establishments joined the ESI Scheme.
- 3.65 lakh female members added in January.
- Significant growth of 11.67 percent in payroll additions year-on-year.
New Delhi, March 24 (NationPress) A total of 18.19 lakh new workers have been incorporated into the payroll of the Employees State Insurance Corporation (ESIC) in January this year, as per data released by the Ministry of Labour and Employment on Monday.
Of these, 8.67 lakh employees, accounting for approximately 47.66 percent of all registrations, fall within the young demographic of up to 25 years, indicating a rise in employment opportunities in the economy.
Additionally, 27,805 new establishments have been included under the social security provisions of the ESI Scheme during January 2025, thereby providing social security to a larger workforce.
A gender-based review of the payroll statistics shows that 3.65 lakh female members were added in January this year. Furthermore, a total of 85 transgender employees have also registered under the ESI Scheme within the month of January 2025.
The payroll figures are provisional as the data collection is an ongoing process.
The increase in the January payroll of the ESIC surpasses the 17.01 lakh new employees added in December 2024, reflecting a positive trend in employment growth and expansion of benefits within the economy.
Among the 17.01 lakh employees added in December, 8.22 lakh, or roughly 48.35 percent, were in the up to 25 years age group, representing new registrations of individuals entering the workforce for the first time, as stated by the Ministry of Labour and Employment.
The ESI data follows closely on the heels of the Employees' Provident Fund Organisation (EPFO) report released last week, which indicated that 17.89 lakh new members joined in January this year, marking an 11.48 percent increase over the previous December 2024 figures.
Moreover, a year-over-year analysis indicates an 11.67 percent rise in net payroll additions compared to January 2024, highlighting enhanced employment prospects and increased awareness of employee benefits.
A significant detail from the EPFO data is the prevalence of the 18-25 age group, with 4.70 lakh new subscribers from this demographic, making up a substantial 57.07 percent of all new subscribers added in January 2025. The number of new subscribers in the 18-25 age group has shown a growth of 3.07 percent compared to the same month in the previous year.
