Human capital management: new factors of production in the Indonesian life insurance industry

  • Suhardi Suhardi 
    Universitas Putera Batam
    Indonesia
    http://orcid.org/0000-0001-5595-8361
  • Wasiman Wasiman
    Universitas Putera Batam
    Indonesia
  • Pramita Studiviany Soemadijo
    Universitas 17 Agustus 1945, Surabaya
    Indonesia
  • Yvonne Wangdra
    Universitas Putera Batam
    Indonesia
  • Titik Purwati
    Universitas Insan Budi Utomo
    Indonesia

Abstract

In the current era of the Information Society, competition in any business industry is increasingly fierce. However, the lack of skilled workers is a major obstacle in increasing company production. Human Resources problems are still not enough to overcome complex problems. In the current era of modern globalization, competitive advantage is largely determined by the formation of Human Capital. The inadequate level of knowledge from theoretical and practical aspects of Human Capital Management in increasing sustainable production determines the objectives of this research and problem formulation so that solutions can be found, because the attention of developed and developing countries is currently more focused on developing Human Capital which is one of the company's solutions in Human Resources development which tends to have a significant impact on performance. This research examines Human Capital's direct impact on employee performance and becomes a new production factor in the Indonesian Life Insurance industry. The results of this research are to justify and develop that human capital management including TASK (Talent, Attitude, Skill, Knowledge) through continuous training with studies in the Indonesian Life Insurance Industry sector is a production factor that can also improve employee and company performance.
Keywords
  • Human Capital Management
  • Human Resource Management
  • New Factors of Production
  • Life Insurance Industry
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