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Home Business & Finance Economic Policies

Formal job creation under ESIC down by 10.6% in June to 1.93 million: Payroll data todayheadline

August 21, 2025
in Economic Policies
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Formal job creation under the Employees’ State Insurance Corporation stood at 1.93 million in June 2025 compared to 2.16 million in June 2024, a year-on-year dip of 10.6%, shows the provisional payroll data released by the ministry of labour and employment on Thursday.

Further, the new employees up to the age of 25 added to ESIC in June were higher by 1.3% at 0.95 million as against 0.94 million added in May this year.

As per the data, around 34,762 establishments were added to ESIC in June this year compared to 13,483 in June 2024, thus ensuring social security to more workers, the ministry of labour and employment said in a statement.

“Out of the total 19.37 lakh employees added during the month, 9.58 lakh employees amounting to around 49.50% 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 was 0.41 million in June 2025 while 87 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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The payroll data is provisional since the data generation is a continuous exercise, it added.Employees’ State Insurance Corporation is one of the two main statutory social security organisations under the ministry of labour and the employment, the other being the Employees’ Provident Fund Organisation. The fund is managed by ESIC according to rules and regulations stipulated in the ESI Act 1948.All employees earning up to Rs 21,000 per month as wages contribute 0.75% of their wages while the employer contributes 3.25%, taking the total contribution to 4%, which is used to provide medical and cash benefits to the employees and their family.

The employees registered under the scheme are entitled to medical treatment for themselves and their dependents, unemployment cash benefit in certain contingencies and maternity benefit in case of women employees.

In case of employment-related disablement or death, there is provision for a disablement benefit and a family pension respectively.

Tags: creationdataemployeesESICESIC Payroll DataformaljobJob Creation 2025JunemillionPayrolltodayheadline
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