Polong Renten: in Improving the Welfare of Employees of Village Owned Business Institutions (Bumdes) in Lombok Utara Regency

Abstract

BUMDes development in North Lombok Regency is accelerating; practically all communities in North Lombok Regency now have BUMDes. Along with its development, BUMDes in the North Lombok district is experiencing a number of issues within the BUMDES institution itself, including concerns with its accreditation. (1) Each BUMDes performance has not been optimized; (2) A lack of a conducive business climate; (3) a lack of information and market access; (4) a lack of capital; and (5) a lack of entrepreneurial spirit and spirit among employees, all of which have an impact on the performance and welfare of BUMDes personnel. In order to improve BUMDes performance in North Lombok Regency. What must be done is to strengthen the importance of social capital. Until date, there has been a significant social capital in North Lombok Regency; the social capital in question is the rent-seeking system. Polong Renteng serve as recommendations for the community in terms of behavior, respecting one another among people, implementing a mutual cooperative living, and contributing to the people's lives in North Lombok Regency. If all organizational managers follow this advice, the organization's performance will improve. A literature review was chosen as the research method in this study. The findings revealed that the social capital of Polong Renteng played a significant influence in boosting the performance and welfare of BUMDes employees in the North Lombok district. This component of rent-seeking pod social capital serves as the social glue that holds the group together. With this broader component, the quality and quantity of BUMDes organizations/institutions (performance) can be improved, hence improving the welfare of BUMDes management. Furthermore, the existence of BUMDes in villages in the North Lombok region is often seen as successful and seamless since it has had a good impact on local communities. Implications for the development sector and community empowerment, particularly in building business abilities, boosting knowledge, skills, and attitudes that will lead to increased revenue. The establishment of BUMDes is capable of growing and nurturing an entrepreneurial spirit in rural communities, as well as instilling a sense of responsibility for policy.