EPFO is a government-run social security scheme that provides retirement benefits to employees, which helps corporates to retain their talent. Here are some ways in which the EPFO scheme is helping corporates to retain their talent:

Financial security: EPFO provides financial security to employees by ensuring that they have a retirement corpus when they retire, which helps to promote employee loyalty and retention.

Forced savings: EPFO encourages forced savings by mandating contributions from both employees and employers, which helps employees build a retirement corpus and ensures that they are financially secure in their old age.

Social security: EPFO provides social security by ensuring that employees have access to a retirement corpus and are not left financially vulnerable in their old age, which helps to promote employee satisfaction and retention.

Employee loyalty: EPFO helps to promote employee loyalty by providing retirement benefits and helping employees plan their financial future, which increases their engagement and commitment towards their organization.

By providing financial security, forced savings, social security, and promoting employee loyalty, EPFO is helping corporates to retain their talent by ensuring that their employees have access to financial security and social welfare benefits.