New Delhi: 20.74 lakh new employees have been registered under the ESI scheme of the Employees State Insurance Corporation (ESIC) in August. The Ministry of Labor and Employment said in a statement that the new registrations include 9.89 lakh young employees up to the age of 25 years. During this period, 4.14 lakh women employees have been registered in the ESI scheme.

Registration of 28,917 companies

The statement said that 28,917 new companies were registered under the ESI scheme in August. The provisional payroll data of ESIC shows that 20.74 lakh new employees were added in August 2024, ensuring social security for more workers. Apart from this, net registrations increased by 6.80 percent year-on-year in August. A total of 60 transgender employees also registered during the period under review. The statement said that the payroll data is provisional, as the collection of data is ongoing.

Job opportunities are coming

The recruitment sentiment in the Indian corporate world is the strongest globally in the fourth quarter of 2024. That is, there is going to be a plethora of jobs. Companies are excited about the country's economic situation and 37 percent of employers are planning to increase their workforce. This has come to light in a recent survey. According to the Man Power Group Employment Scenario Survey 2024 Q4, according to this, the net employment scenario in India is the strongest worldwide with 37 percent. It is followed by Costa Rica with 36 percent and the US with 34 percent, in second and third place respectively.

top job demand

According to the survey, the northern region of India leads in job demand with a 41 percent possibility. It is followed by the western region with 39 percent. The employment scenario remains strong in India, Singapore, and China. Employers in Hong Kong remained most cautious about employment. The survey is based on responses received between 1 and 31 July 2024. In this, 40,340 employers from 42 countries were asked questions about their fourth-quarter hiring intentions.