{"id":27824,"date":"2018-10-23T16:26:34","date_gmt":"2018-10-23T10:56:34","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=27824"},"modified":"2018-10-23T16:26:34","modified_gmt":"2018-10-23T10:56:34","slug":"epfo-data-not-the-right-gauge-of-employment-level","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/epfo-data-not-the-right-gauge-of-employment-level\/","title":{"rendered":"\u2018EPFO data not the right gauge of employment level\u2019"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/news\/national\/epfo-data-not-the-right-gauge-of-employment-level\/article24764207.ece\">\u2018EPFO data not the right gauge of employment level\u2019<\/a><\/p>\n<p><strong><u>News:<\/u><\/strong><\/p>\n<ol>\n<li>Recently, the EPFP revised down the net enrolment numbers for the period from Sep 2017 to May 2018.<\/li>\n<\/ol>\n<p><strong>\u00a0<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-24597\" src=\"https:\/\/i0.wp.com\/blog.forumias.com\/wp-content\/uploads\/2018\/08\/payrol.jpg?resize=632%2C268\" alt=\"\" width=\"632\" height=\"268\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2018\/08\/payrol.jpg?w=632&amp;ssl=1 632w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2018\/08\/payrol.jpg?resize=150%2C64&amp;ssl=1 150w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2018\/08\/payrol.jpg?resize=300%2C127&amp;ssl=1 300w\" sizes=\"auto, (max-width: 632px) 100vw, 632px\" \/><\/strong><\/p>\n<p><u>Introduction:<\/u><\/p>\n<p>2. EPFO is a good indicator for formal employment as well as changes in employment.<\/p>\n<p>3. Recently, EPFO pointed out decline in net enrolment numbers.<\/p>\n<p>4. However, decline does not imply a decrease in formal sector employment in the country.<\/p>\n<p><u>5. The data provided by EPFO had certain drawbacks:<\/u><\/p>\n<ul>\n<li>According to a former member of the Planning Commission, there is lack of clarity in the methodology followed by EPFO.<\/li>\n<li>People atthe bottom of the pyramid get low wages and have been outside the EPFO net.<\/li>\n<li>It is not clear what happens when a person changes jobs\u00a0.<\/li>\n<li>Enterprises may not have registered at all.<\/li>\n<li>The GST regime created a certain incentive for many small enterprises to register themselves on the GST network. No new job is being created.<\/li>\n<li>The estimate may include temporary employee whose contributions may not be continuous for the entire year.<\/li>\n<li>It does not make clear whether the additions are to the total number of members or to the number of active members.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u2018EPFO data not the right gauge of employment level\u2019 News: Recently, the EPFP revised down the net enrolment numbers for the period from Sep 2017 to May 2018. \u00a0 Introduction: 2. EPFO is a good indicator for formal employment as well as changes in employment. 3. Recently, EPFO pointed out decline in net enrolment numbers.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/epfo-data-not-the-right-gauge-of-employment-level\/\">Continue reading <span class=\"screen-reader-text\">\u2018EPFO data not the right gauge of employment level\u2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-27824","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=27824"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27824\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=27824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=27824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=27824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}