The variety of ladies amongst new subscribers becoming a member of the social safety scheme run by the Staff’ Provident Fund Organisation (EPFO) continued to languish at 23% in 2020-21, the identical degree because the earlier fiscal.
As per EPFO’s the most recent payroll information, of the 85 lakh new subscribers’ addition within the 2020-21 fiscal, 19 lakh comprised ladies. In 2019-20, of the 110 lakh new additions to the EPFO’s subscribers’ base, 25 lakh had been ladies.
Labour market specialists, nevertheless, see this a constructive growth contemplating their mobility constraint and their elevated duties, together with the care work, in the course of the pandemic yr.
“The EPFO numbers for 2020-21 is reflective of the havoc brought on by the pandemic on formal employment. Nonetheless, it’s encouraging to see the share of ladies within the new formal employment didn’t truly fall,” stated Rituparna Chakraborty, co-founder and govt vp, Teamlease.
XLRI professor and labour market professional KR Shyam Sundar stated regardless of the pandemic, the established order within the ratio reveals that the extent of formal employment for ladies has not been whittled down.
“This can be a constructive labour market consequence as usually within the pandemic context ladies are much less prone to enter the labour market or proceed to enter the labour market due to their a number of duties, together with care work,” Sundar stated.
Throughout 2020-21, cumulative web payroll addition to the EPFO’s subscribers’ base, nevertheless, remained static at 77.08 lakh. EPFO arrives on the web quantity deducting the full of the subscribers’ who exited from the sum of recent subscribers and those that left earlier however rejoined in the course of the yr.
The newest information, which is provisional and topic to vary, confirmed that just about 98 lakh subscribers exited from the EPFO in 2020-21 in contrast with round 110 lakh within the earlier yr. However, the variety of subscribers these exited earlier however rejoined in the course of the yr was larger by round 11 lakh in 2020-21 in contrast with 2019-20.