The Effect of Strategic Human Resource Management on the Financial Performance of university Campuses in Iran's Higher Education System

Document Type : Research Paper

Author

Assistant Professor, Department of Higher Education Management Studies, Institute for Research and Planning in Higher Education.

Abstract

The purpose of this study was to investigate the effect of strategic human resource management on the financial performance of university campuses in Iran's higher education system, considering the market strategy (Scholes and Jackson) as moderator variables. The research method was descriptive and survey. The statistical population of this research composed university campuses (N= 49), in which the sample considered all the university campuses, due to the limited number of the statistical population. The research questionnaires gathered from 98 human resources managers and financial managers of university campuses. Data were analyzed by use of descriptive and inferential methods and PLS software. The findings indicated that strategic human resource management effected financial performance of university campuses. Also, the findings showed that the quality of services and financial performance would be increased by implementing strategic human resource management. In addition, market strategy could influence the relationship between strategic human resource management and financial performance of university compuses.

Keywords


Aarabi, S, M, Mousavi, S (2009) "A Strategic Model of KM to Promote the Performance of Research Institutes", Quarterly Journal of Research and Planning in Higher Education, No. 51, pp. 1-26. (in Persian).
Abbaspour , A. (2012). "Advanced Human Resources Management". Tehran: Samt (in Persian).
Armstrong, M (2002). "Strategic Management of Human Resource ". Translated by Seyyed Mohammad Aarabi and Davood Izadi, Cultural Research Center. (in Persian)
Arthur J. (1994)."Effects of human resource systems on manufacturing performance and turnover'; Academy of Management Journal, 37(3).
Azizi Shamami, M., Naveh  ebrahim, A; Arasteh, H; Behrangi, M (2015). The Development of Higher Education Marketingism: Limits and Opportunities in the Iranian Higher Education Market. Quarterly Journal of Socio-Cultural Development Studies, Vol. 4, No. 3. P. 183-206. . (in Persian)
Azizi Shemami, M; Naveh  ebrahim, A (2016). Marketingism in Higher Education: A Guide to Positioning in Iran's Higher Education Market. National Congress on Iranian Higher Education. . (in Persian)
Bambergger, P, Moshlom, I (2002). "Developing, implementing, and effects of human resources strategy"; Ali Parsaeean, Seyyed Mohammad Arabi; Tehran: Cultural Research Center, (in Persian).
Barney, J. B. (2001). Is the resourcebased view a useful perspective for strategic management research?.Academy of Management Review, Vol 26.
Brewster.C.(1994): The integration of human resource management and corporate strategy.in: Policy and Practice in European Human Resource:74-83
Casidy, R. (2014). The role of perceived market orientation in the higher education sector,
Australasian Marketing Journal, 22, 155–163.
Collings, D, G. Wood, G (2009), Human Resource Management A critical approach, First published by Routledge.
Dyer L., Holder G.(1988). "Toward a strategic perspective of human resource management", in Dyer, L. (Ed), Human Resource Management: Evolving Roles and Responsibilities, ASPA BNA Handbook of Human Resource Management, Vol. I , Bureau of National Affairs, Washington, DC.
Emadzadeh, M (2009). "Financing of Higher Education, Role of State and Private Sector". Proceedings of the Conference on New Approaches and Perspectives in Higher Education, Tehran: Research Institute for Cultural and Social Studies, Ministry of Science, Research and Technology. 95 -122(in Persian).
Farahi Bilooyi, R (2008). "New Approaches to Strategic Human Resource Management", Tadbir Monthly, No. 198. (in Persian).
Farhadi, M (2009). "Review of models on development of human resource strategy, Automotive Industry Magazine, pp. 41-45. (in Persian).
Foyuzat, Y. (2003) "The role of university in national development", Tehran: Arasbaran publication(in Persian).
Ganjali, A; Ebrahimi, K; Sarabadani Tafreshi, H (2015) Critical study on the Anthropological Basis of Human Resource Management Paradigms Based on Anthropology Theory of Growth Paradigm. Strategic Management Thought. 9(1),  P. 174-147 (in Persian).
Gholamzadeh, D, Jalali, S (2012). Developing Human Resources Strategy, Using Theory of Strategic Reference Points (Case Study: Kavir Rangin Profil Company). Journal of Public Administration, No. 4(10), P. 152-137 (in Persian).
Guest D., Hoque K.(1994) ;"The good, the bad and the ugly: Employment relations in new non-union establishments"; Human Resource Management Journal, 5(1).
Hamidi Emami, H (2011). "Designing Human Resource Strategies at the Jihad", Research Institute for Humanities and Social Studies. (in Persian).
Hart S., Quitm R.E.(1993); "Roles executives play: Behavioral complexity and firm performance", Human Relations, 46 (5) .
Hemsley–Brown, J., Oplatka, I. (2006). Universities in a competitive global marketplace,
International Journal of Public Sector Management, 19, no. 4, pp. 316-338.
Hunt, j. (2005). human resource management : an exploration of strategic human resource management in michigan police organizations. in partial fulfillment of the requirement for the degree master of science in criminal justice grand valley state university .
Huselid M.(1995) ;"The impact of HRM practices on turnover, productivity and corporate financial performance", Academy of Management Journal, 38 (3).       
  Ichniowski C., Shaw K. , Prennushi G.(1997) ;"The effects of HRM practices on productivity: A study of steel finishing lines", The American Economic Review, 87 (3).
Jackson S., Schuler R. (1995);"Understanding HRM in the context of organizations and their environments", Annual Review of Psychology ,Vol. 46.
Jhingan, A. & Anandakrishnan, M. (2011). Private sector participation in higher education in India Higher Education Summit 2011-FICCI.
Katou, A.A. Budhwar, P.S. (2010). Casual relationship between HRM,policies and organizational performance. European Management Journal, 28(5): 25-39.
Kay Stevens, C. and Smith, G., (2000), Strategic human resource management and knowledge creation capability: examining the black box between HR and firm performance, Personnel and human resource management, 43(7): 54-65.
khatri, M. (1999). emerging issues in strategic HRM in singapore. international journal of manpower , 516-529.
Koda, Y., & Yuki, T. (2013). The labor market outcomes of two forms of cross-border higher education degree programs between Malaysia and Japan. International Journal of Educational Development, 33(4), 367-379.
Laurer, L.D (2006). Advancing higher education in uncertain times, publisher: Council for Advancement and Support of Education.
Lerra, M. D. (2014). The Dynamics and Challenges of Distance Education at Private Higher
Institutions in South Ethiopia. Asian Journal Of Humanity, Art And Literature, 1(3), 137-149
Maringe, F. (2005). Interrogating the crisis in higher education marketing: the CORD model,
International Journal of Educational Management, Vol: 19, No: 7, 564-578.
Miles R., Snow, C.(1984)."Designing strategic human resources systems",Organizational Dynamics, 13 (1).
Mirsepasi, A. (2002). "Strategic Human Resources Management and Labor Relations," Mir Publishing. (in Persian).
Mirsepasi, N; Toloui eshlaghi, A; Memarzadeh, Gh; Peidaie, M (2010). "Designing an Excellence Model for Human Resources in Iranian Government Organizations, Using Fuzzy Delphi Techniques." Journal of Management Researches. Number 87. (in Persian).
Musa Khani, M; Mojarrad, N (2013). "Identifying QIAU HR Strategies, Using the SRP Approach." Journal of Development Evolution Management, 12. (in Persian).
Pfeffer J.(1998); "Seven practices of successful organizations", California Management Review, Vol. 40, No. 2.
Philips.E.,(2004),"Process Survey Tool for Human Resource Management", Quality Management, Vol.5, No.16: 5-27
Qureyshi Khorasgani, M; Yamani dozi sorkhabi; M; Zaker salehi ; Gh; Mehran; G (2016). An analysis of the studies on the privatization of higher education. Journal of Science and Technology Policy. 8(1), pp. 77-92. (In Persian).
Rabiei A; Nazarian ,Z (2013). The Impact of the Components of Independence and Security on the Expansion of the Private and non-public Higher Education. Journal of Social Cultural Strategy. 2(8), P. 63-90. (In Persian).
Ranjbar , M. Pourkiaei, M.(2014). Providing an Appropriate Pattern for Human Resources Strategic Management, with an Approach of Creating Organizational Knowledge  in Governmental Organizations of Islamic Republic of Iran. Journal of Development Evolution Management, 16, 51-59
Rasouli R; Zamaheni, M; ShahrAenei; S. (2014). "A Study on the Effect of Strategic Human Resources Management on Corporate Financial Performance in Tehran Stock Exchange". Journal of Financial Management Strategies. 2(7). 33-57. (in Persian).
Roshandel Arbatani, T, Shirvani Naghani, M (2015). Providing a model for improving financial performance of the organization, emphasizing the role of the combination of human resources and management stability. Financial Research, 17(2). 199 – 218. (in Persian).
Saebi, M. (2003) "Development of Human Resources with a Strategic Approach." Management Studies in Development and Evolution, 37 and 38, 135-148 (in Persian).            
Sakharopoulos, G. Maurin, V. (1994). "Education for Development"; Translated by Vahidi, P., second edition. Tehran: program and budget Publication. (in Persian).
Schuler, R., & Jackson S. (1989)." Linking competitive strategies with human resources management practices". Academy of Management Executive .9(3), 207-219.
Seyyed Javadin, S, R. Farahi, M, M. (2012) "The most effective human resource management measures in successful organizations". Management researches in Iran. Volume 16, Number 1. (in Persian).
Shawn L. Berman, Andrew C. Wicks, Suresh Kotha, and Thomas M. Jones(1984): "The Relationship Between Stakeholder Management Models and Firm Financial Performance". Academic Management Journal, October 1,1999 42:5 488-506
Slantcheva, S. & Levy, D. C. (2012). PRIVATE Higher Education in post -COMMUNIST EUROPE.
Sobhani Nejad, M; Afshar, A; Zarei, Z (2014). "Strategic Human Resource Management and Explaining its Objectives and Effects". Journal of Assessment Knowledge, 6(22) (in Persian).
Sohrabi, A; Fayazi, M, Shah Hosseini, M (2015). Development and empowerment of human resources: the necessity of success of human resources Strategic management. Quarterly Journal of Human Resource Studies. 5(16). P. 61-80 (in Persian).
Tasnimi, A. Sajjadi, M (2001) "A Critic on the Theoretical Foundations of Privatization of Higher Education Centers". Quarterly Journal of Research and Planning in Higher Education, No. 42, 15-20. (in Persian).
Terpstra D., Rozell E.(1993); "The relationship of staffing practices to organizational level measures of performance", Personnel Psychology, Vol. 46.
Terpstra D., Rozell E.; "The relationship of staffing practices to organizational level measures of performance", Personnel Psychology, Vol. 46,1993.
Truss, C. and Gratton, L. (1994), “Strategic human resource management: a conceptual approach”, International Journal of Human Resource Management, Vol. 5, pp. 663-86.
Wright.P , McMahan.G (1992). "theoretical perspective for strategicHRM",Journal of management, Vol.18.pp.105-115.
Zabihi, M; Nikpour, V (2014). The Role of Strategic Management in Improving Human Resource Performance. Second National Conference on Accounting, Management and Economics. Islamic Azad University of Fomen and Shafte Branch. (in Persian).