HUMAN CAPITAL VALUE ADDED & HUMAN CAPITAL RETURN ON INVESTMENT WITH APPROACH JAC FITZ-ENZ AT BPJS EMPLOYMENT HR

Ary Meizary (Darmajaya Institute of Informatics and Business)
Indra Budi Sumantoro (Darmajaya Institute of Informatics and Business)
A. K. Yohanson (Darmajaya Institute of Informatics and Business)

Jurnal Ekonomi
Vol. 12 No. 3 (2023): Jurnal Ekonomi, 2023, September

This study aims to determine the effectiveness and efficiency of HR management at Employment BPJS based on performance achievements in 2017 – 2021 using the Jac Fitz-Enz approach, namely Human Capital Value Added (HCVA) and Human Capital Return on Investment (HCROI). The results of the HCVA and HCROI analysis show that one BPJS Ketenagakerjaan HR has an added value of 9.5 to 11.7 billion rupiahs and every 1 rupiah issued by BPJS Ketenagakerjaan for its HR will generate income of 16.5 to 23.41 rupiahs. The role of the global economic crisis in 2018 and the Covid-19 pandemic in 2020 which caused a decrease in contribution income & investment returns are thought to have affected the HCVA and HCROI of BPJS Ketenagakerjaan HR.