Human Capital Development and Faculty Members’ Contributions
Keywords:
Faculty members’ contribution, HC development plans, HC development programmes, Lagos Metropolis, Mediation, and Tertiary InstitutionsAbstract
High performance and organisational development can be guaranteed by attracting, developing, and retaining talented employees within an organisation. This study investigated the relationship between Human Capital (HC) development plans and faculty members’ contributions at a Tertiary institution in Lagos. This study explores the mediating influence of HC development programmes on the relationship between HC development plans and faculty members’ contributions. This study adopted a survey research design. A quantitative approach to data collections and analysis procedures was adopted for this study. Data was collected from selected faculty members of a higher education institution in Lagos metropolis using a simple random sampling technique. 306 self-administered questionnaires were distributed to the respondents at the institution. Three hypotheses were formulated and tested using inferential statistics via SmartPLS 3.3 software application, which is instrumental in running a Variance-Based Structural Equation Modeling (SEM). The results showed that HC development programmes fully mediate the relationship between HC development plans and faculty members’ contributions. This study submits that adequate funding and proper resources allocation to support smooth implementation of faculty members’ developmental strategies is critical to university performance, in terms of quality of graduates and credible research outputs for national development.
References
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Ahmad, S., & Shahsad, K. (2011). HRM and employee performance: A case of university teachers of Asad Jammu and Kashmir (AJK) in Pakistan. African journal of business management, 5(13), 5249.
Al-Ghasawi, M., & Awad, A. (2014). Impacts of emotional intelligence in the Sues Canal Authority (SCA) and job satisfaction. International Journal of Business and Social Science, 5(6).
Aragón-Sánches, A., Barba-Aragón, I., & Sans-Valle, R. (2003). Effects of training on business results1. The International Journal of Human Resource Management, 14(6), 956-980.
Atoyebi, K. O., Olaleye, S. O., Ishola, A. S., Adekunjo, F. O., & Kadiri, K. I. (2013). Human capital and economic growth in Nigeria (1970 –2010): An empirical analysis. International Journal of Humanities and Social Science Invention. 2(2), 58-69
Babatunde, M. A., & Adefabi, R. A. (2005). The long-run relationship between education and economic growth in Nigeria: Evidence from the Johansen’s cointegration approach. Education in West Africa: Constraints and Opportunities.
Bartuševičienė, I., & Šakalytė, E. (2013). Organisational assessment: effectiveness vs. efficiency. Social Transformations in Contemporary Society, 1, 45-53.
Beames C, 2011. Beyond Workforce Planning - Why Your Organisation Now Needs a Human Capital Strategic Plan- The Missing Link in Workforce/Talent Management: WRDI Institute Pty. Ltd, Australia.
Becker, G. S. (1967). Human capital and the personal distribution of income: An analytical approach (No. 1). Institute of Public Administration.
Birdi, K., Clegg, C., Patterson, M., Robinson, A., Stride, C. B., Wall, T. D., & Wood, S. J. (2008). The impact of human resource and operational management practices on company productivity: A longitudinal study. Personnel Psychology, 61(3), 467-501.
Bontis, N., & Serenko, A. (2009). A causal model of human capital antecedents and consequents in the financial services industry. Journal of intellectual capital, 10(1), 53-69.
Booker, L. D., Bontis, N., & Serenko, A. (2008). The relevance of knowledge management and intellectual capital research. Knowledge and Process Management, 15(4), 235-246.
Crook, T. R., Todd, S. Y., Combs, J. G., Woehr, D. J., & Ketchen Jr, D. J. (2011). Does human capital matter? A meta-analysis of the relationship between human capital and firm performance. Journal of applied psychology, 96(3), 443.
Dauda, R. O. (2010). Role of human capital in economic development: An empirical study of Nigerian case. In Manuscript, Oxford Business and Economics Conference Programme.
Dauda, Y. A., & Akingbade, W. A. (2010). Employee’s market orientation and business performance in Nigeria: Analysis of small business enterprises in Lagos State. International Journal of marketing studies, 2(2), 134.
Delaney, J. T., & Huselid, M. A. 1996. The impact of human resource management practices on perceptions of organisational performance. Academy of Management Journal, 39(4), 949-969.
Enyekit, E. O., Amaehule, S., & Teerah, L. E. (2011). Achieving human capital development in Nigeria through vocational education for nation-building. In Proceedings of the 2011 International Conference on Teaching, Learning, and Change. IATEL Journal (Vol. 1, No. 1, pp. 63-69).
F. Hair Jr, J., Sarstedt, M., Hopkins, L., & G. Kuppelwieser, V. (2014). Partial least squares structural equation modeling (PLS-SEM) An emerging tool in business research. European Business Review, 26(2), 106-121.
Fornell, C., & Larcker, D. F. (1981). Structural equation models with unobservable variables and measurement error: Algebra and statistics. Journal of marketing research, 382-388.
Gates, S., & Langevin, P. (2010). Human capital measures, strategy, and performance: HR managers' perceptions. Accounting, Auditing & Accountability Journal, 23(1), 111-132.
Grossman, G. M., & Helpman, E. (1991). Trade, knowledge spillovers, and growth. European economic review, 35(2-3), 517-526.
Han, J., Han, J., & Brass, D. J. (2014). Human capital diversity in the creation of social capital for team creativity. Journal of Organisational Behavior, 35(1), 54-71.
Henseler, J., Ringle, C.M., Sarstedt, M., (2014). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science 43 (1), 115–135.
Hsu, I. C. (2008). Knowledge sharing practices as a facilitating factor for improving organisational performance through human capital: A preliminary test. Expert Systems with Applications, 35(3), 1316-1326.
Huselid, M. A. (1995). The impact of human resource management practices on turnover, productivity, and corporate financial performance. Academy of management journal, 38(3), 635-672.
Igba, E. C., Igba, I. D., & Monday, N. (2015). Human capital development: A way forward for entrepreneurial growth in Ebonyi State. British Journal of Education, 3(9), 88-102.
Ismajli, N., Krasniqi, I., & Qosja, E. (2015). Career development and advancement of human resources – how they influence the performance qualities of local government administration. Issues in Business Management and Economics, 3(2), 17-23.
Jacobs, R., & Washington, C. (2003). Employee development and organisational performance: a review of literature and directions for future research. Human Resource Development International, 6(3), 343-354.
Kelidbari, H. R., Disgah, M. R., & Yusefi, A. (2011). The relationship between organisational commitment and job performance of employees of Guilan Province social security organisation. Interdisciplinary Journal of Contemporary Research in Business, 3(6), 555.
Khasawneh, S. (2011). Human capital planning in higher education institutions: A strategic human resource development initiative in Jordan. International Journal of Educational Management, 25(6), 534-544.
Lepak, D. P., & Snell, S. A. (1999). The human resource architecture: Toward a theory of human capital allocation and development. Academy of management review, 24(1), 31-48.
MacDuffie, J. P. (1995). Human resource bundles and manufacturing performance: Organisational logic and flexible production systems in the world auto industry. ILR Review, 48(2), 197-221.
Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A contribution to the empirics of economic growth. The quarterly journal of economics, 107(2), 407-437.
Marimuthu, M., Arokiasamy, L., & Ismail, M. (2009). The human capital development and its impact on firm performance: Evidence from developmental economics. Journal of international social research, 2(8). 265-272
Montana, P. J., & Charnov, B. H. (2008). Management. New York. Barron's Educational Series. Inc. Pg, 333.
Mugabe, J. (2013). Accelerating health research for Africa’s development. International Aids Vaccine Initiative. Retrieved from http://www.iavi.org/publications/file/110-accelerating-health-research-for-africa-s-development.
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2003). Gaining a competitive advantage. Irwin: McGraw-Hill.
Odo, S.I., Ese, O.R., & Onyeisi, S.O. (2016). Analysis of the relationship between human capital development and economic growth in Nigeria. European Journal of Accounting, Auditing, and Finance Research, 4 (3), 56-71.
Ogujiuba, K. K., & Adeniyi, A. O. (2005). Economic growth and human capital development: The case of Nigeria. Macroeconomics, 508-23.
Okeke, E. N. (2013). Brain drain: do economic conditions “push” doctors out of developing countries? Social Science & Medicine, 98, 169-178.
Olaniyan, D. A., & Okemakinde, T. (2008). Human capital theory: Implications for educational development. Pakistan Journal of Social Sciences, 5(5), 479-483.
Partnership for Public Service (2013). Develop an Effective Strategic Human Capital Plan; A Process Overview of Federal Executives. Private Sector Council, the United State of America.
Paudel N. R. (2009). A critical account of the policy implementation theories: status and reconsideration. Nepalese Journal of Public Policy, 2, 36–54.
Qayyum, A., Sharif, M. T., Ahmad, A., & Khan, M. S. (2012). Training & development practices in the National Bank of Pakistan. Information Management and Business Review, 4(1), 8-17.
Ringle, C. M., Wende, S., & Becker, J. M. (2015). SmartPLS 3. Boenningstedt: SmartPLS GmbH, http://www. smartpls. com.
Saleem, Q., Shahid, M., & Naseem, A. (2011). Degree of influence of training and development on employee’s behavior. International Journal of Computing and Business Research, 2(3), 2229-6166.
Schults, T. P. (1988). Education investments and returns. Handbook of development economics, 1, 543-630.
Schults, T. W. (1961). Investment in human capital. The American economic review, 51(1), 1-17.
Segal, G., Borgia, D., & Schoenfeld, J. (2009). Founder human capital and small firm performance: an empirical study of founder-managed natural food stores. Journal of Management and Marketing Research.
Seleim, A., Ashour, A., Bontis, N., Seleim, A., Ashour, A., Bontis, N. (2007), Human capital and organisational performance: A study of Egyptian software companies. Management Decision, 45(4), 789-801.
Serenko, A., Bontis, N., Booker, L., Sadeddin, K., & Hardie, T. (2010). A scientometric analysis of knowledge management and intellectual capital academic literature (1994-2008). Journal of knowledge management, 14(1), 3-23.
Shahin, M. H., & Alqadri, N. (2008). University-industry linkage, an underpinning force of the Diaspora in a globalised knowledge economy. INTED (ISBN: 978-84-612-0190-7). Valencia: International Association of Technology, Education, and Development (IATED).
Sharabati, A. A. A. (2013). The Relationship between Human Capital and Jordanian Pharmaceutical Organisations' Business Performance. International Journal of Academic Research in Business and Social Sciences, 3(1), 260.
Sharabati, A. A. A., Nour, A. N. I., & Shamari, N. S. (2013). The impact of intellectual capital on Jordanian telecommunication companies' business performance. American Academic & Scholarly Research Journal, 5(3 special issues), 32.
Sofo, F. (2014). Human resource development plans. Human Resources and their Development, 1, 1-8.
Storey, D. J. (2004). Exploring the link, among small firms, between management training and firm performance: a comparison between the UK and other OECD countries. The International Journal of Human Resource Management, 15(1), 112-130.
Tsai, C. L., Hung, M. C., & Harriott, K. (2010). Human capital composition and economic growth. Social Indicators Research, 99(1), 41-59.
Ukenna, S., Ijeoma, N., Anionwu, C., & Olise, M. C. (2010). Effect of Investment in Human Capital Development on Organisational Performance: Empirical Examination of the Perception of Small Business Owners in Nigeria. European Journal of Economics, Finance and Administrative Sciences, 93-107.
Valle, R., Martin, F., Romero, P. M., & Dolan, S. L. (2000). A business strategy, work processes, and human resource training: are they congruent? Journal of organisational behavior, 283-297.
Vemić, J. (2007). Employee training and development and the learning organisation. FACTA UNIVERSITATIS Series: Economics and Organisation, 4(2), 209-216.
Youndt, M. A., Subramaniam, M., & Snell, S. A. (2004). Intellectual capital profiles: An examination of investments and returns. Journal of Management Studies, 41(2), 335-361.
Sula, K. J., & Chermack, T. J. (2007). Integrative literature review: Human capital planning: A review of literature and implications for human resource development. Human Resource Development Review, 6(3), 245-262.
Adelakun, O. J. (2011). The human capital development and economic growth in Nigeria. European Journal of Business and Management, 3(9), 29-38.
Aguinis, H., & Kraiger, K. 2009. Benefits of training and development for individuals and teams, organisations, and society. Annual review of psychology, 60, 451-474.
Ahmad, S., & Shahsad, K. (2011). HRM and employee performance: A case of university teachers of Asad Jammu and Kashmir (AJK) in Pakistan. African journal of business management, 5(13), 5249.
Al-Ghasawi, M., & Awad, A. (2014). Impacts of emotional intelligence in the Sues Canal Authority (SCA) and job satisfaction. International Journal of Business and Social Science, 5(6).
Aragón-Sánches, A., Barba-Aragón, I., & Sans-Valle, R. (2003). Effects of training on business results1. The International Journal of Human Resource Management, 14(6), 956-980.
Atoyebi, K. O., Olaleye, S. O., Ishola, A. S., Adekunjo, F. O., & Kadiri, K. I. (2013). Human capital and economic growth in Nigeria (1970 –2010): An empirical analysis. International Journal of Humanities and Social Science Invention. 2(2), 58-69
Babatunde, M. A., & Adefabi, R. A. (2005). The long-run relationship between education and economic growth in Nigeria: Evidence from the Johansen’s cointegration approach. Education in West Africa: Constraints and Opportunities.
Bartuševičienė, I., & Šakalytė, E. (2013). Organisational assessment: effectiveness vs. efficiency. Social Transformations in Contemporary Society, 1, 45-53.
Beames C, 2011. Beyond Workforce Planning - Why Your Organisation Now Needs a Human Capital Strategic Plan- The Missing Link in Workforce/Talent Management: WRDI Institute Pty. Ltd, Australia.
Becker, G. S. (1967). Human capital and the personal distribution of income: An analytical approach (No. 1). Institute of Public Administration.
Birdi, K., Clegg, C., Patterson, M., Robinson, A., Stride, C. B., Wall, T. D., & Wood, S. J. (2008). The impact of human resource and operational management practices on company productivity: A longitudinal study. Personnel Psychology, 61(3), 467-501.
Bontis, N., & Serenko, A. (2009). A causal model of human capital antecedents and consequents in the financial services industry. Journal of intellectual capital, 10(1), 53-69.
Booker, L. D., Bontis, N., & Serenko, A. (2008). The relevance of knowledge management and intellectual capital research. Knowledge and Process Management, 15(4), 235-246.
Crook, T. R., Todd, S. Y., Combs, J. G., Woehr, D. J., & Ketchen Jr, D. J. (2011). Does human capital matter? A meta-analysis of the relationship between human capital and firm performance. Journal of applied psychology, 96(3), 443.
Dauda, R. O. (2010). Role of human capital in economic development: An empirical study of Nigerian case. In Manuscript, Oxford Business and Economics Conference Programme.
Dauda, Y. A., & Akingbade, W. A. (2010). Employee’s market orientation and business performance in Nigeria: Analysis of small business enterprises in Lagos State. International Journal of marketing studies, 2(2), 134.
Delaney, J. T., & Huselid, M. A. 1996. The impact of human resource management practices on perceptions of organisational performance. Academy of Management Journal, 39(4), 949-969.
Enyekit, E. O., Amaehule, S., & Teerah, L. E. (2011). Achieving human capital development in Nigeria through vocational education for nation-building. In Proceedings of the 2011 International Conference on Teaching, Learning, and Change. IATEL Journal (Vol. 1, No. 1, pp. 63-69).
F. Hair Jr, J., Sarstedt, M., Hopkins, L., & G. Kuppelwieser, V. (2014). Partial least squares structural equation modeling (PLS-SEM) An emerging tool in business research. European Business Review, 26(2), 106-121.
Fornell, C., & Larcker, D. F. (1981). Structural equation models with unobservable variables and measurement error: Algebra and statistics. Journal of marketing research, 382-388.
Gates, S., & Langevin, P. (2010). Human capital measures, strategy, and performance: HR managers' perceptions. Accounting, Auditing & Accountability Journal, 23(1), 111-132.
Grossman, G. M., & Helpman, E. (1991). Trade, knowledge spillovers, and growth. European economic review, 35(2-3), 517-526.
Han, J., Han, J., & Brass, D. J. (2014). Human capital diversity in the creation of social capital for team creativity. Journal of Organisational Behavior, 35(1), 54-71.
Henseler, J., Ringle, C.M., Sarstedt, M., (2014). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science 43 (1), 115–135.
Hsu, I. C. (2008). Knowledge sharing practices as a facilitating factor for improving organisational performance through human capital: A preliminary test. Expert Systems with Applications, 35(3), 1316-1326.
Huselid, M. A. (1995). The impact of human resource management practices on turnover, productivity, and corporate financial performance. Academy of management journal, 38(3), 635-672.
Igba, E. C., Igba, I. D., & Monday, N. (2015). Human capital development: A way forward for entrepreneurial growth in Ebonyi State. British Journal of Education, 3(9), 88-102.
Ismajli, N., Krasniqi, I., & Qosja, E. (2015). Career development and advancement of human resources – how they influence the performance qualities of local government administration. Issues in Business Management and Economics, 3(2), 17-23.
Jacobs, R., & Washington, C. (2003). Employee development and organisational performance: a review of literature and directions for future research. Human Resource Development International, 6(3), 343-354.
Kelidbari, H. R., Disgah, M. R., & Yusefi, A. (2011). The relationship between organisational commitment and job performance of employees of Guilan Province social security organisation. Interdisciplinary Journal of Contemporary Research in Business, 3(6), 555.
Khasawneh, S. (2011). Human capital planning in higher education institutions: A strategic human resource development initiative in Jordan. International Journal of Educational Management, 25(6), 534-544.
Lepak, D. P., & Snell, S. A. (1999). The human resource architecture: Toward a theory of human capital allocation and development. Academy of management review, 24(1), 31-48.
MacDuffie, J. P. (1995). Human resource bundles and manufacturing performance: Organisational logic and flexible production systems in the world auto industry. ILR Review, 48(2), 197-221.
Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A contribution to the empirics of economic growth. The quarterly journal of economics, 107(2), 407-437.
Marimuthu, M., Arokiasamy, L., & Ismail, M. (2009). The human capital development and its impact on firm performance: Evidence from developmental economics. Journal of international social research, 2(8). 265-272
Montana, P. J., & Charnov, B. H. (2008). Management. New York. Barron's Educational Series. Inc. Pg, 333.
Mugabe, J. (2013). Accelerating health research for Africa’s development. International Aids Vaccine Initiative. Retrieved from http://www.iavi.org/publications/file/110-accelerating-health-research-for-africa-s-development.
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2003). Gaining a competitive advantage. Irwin: McGraw-Hill.
Odo, S.I., Ese, O.R., & Onyeisi, S.O. (2016). Analysis of the relationship between human capital development and economic growth in Nigeria. European Journal of Accounting, Auditing, and Finance Research, 4 (3), 56-71.
Ogujiuba, K. K., & Adeniyi, A. O. (2005). Economic growth and human capital development: The case of Nigeria. Macroeconomics, 508-23.
Okeke, E. N. (2013). Brain drain: do economic conditions “push” doctors out of developing countries? Social Science & Medicine, 98, 169-178.
Olaniyan, D. A., & Okemakinde, T. (2008). Human capital theory: Implications for educational development. Pakistan Journal of Social Sciences, 5(5), 479-483.
Partnership for Public Service (2013). Develop an Effective Strategic Human Capital Plan; A Process Overview of Federal Executives. Private Sector Council, the United State of America.
Paudel N. R. (2009). A critical account of the policy implementation theories: status and reconsideration. Nepalese Journal of Public Policy, 2, 36–54.
Qayyum, A., Sharif, M. T., Ahmad, A., & Khan, M. S. (2012). Training & development practices in the National Bank of Pakistan. Information Management and Business Review, 4(1), 8-17.
Ringle, C. M., Wende, S., & Becker, J. M. (2015). SmartPLS 3. Boenningstedt: SmartPLS GmbH, http://www. smartpls. com.
Saleem, Q., Shahid, M., & Naseem, A. (2011). Degree of influence of training and development on employee’s behavior. International Journal of Computing and Business Research, 2(3), 2229-6166.
Schults, T. P. (1988). Education investments and returns. Handbook of development economics, 1, 543-630.
Schults, T. W. (1961). Investment in human capital. The American economic review, 51(1), 1-17.
Segal, G., Borgia, D., & Schoenfeld, J. (2009). Founder human capital and small firm performance: an empirical study of founder-managed natural food stores. Journal of Management and Marketing Research.
Seleim, A., Ashour, A., Bontis, N., Seleim, A., Ashour, A., Bontis, N. (2007), Human capital and organisational performance: A study of Egyptian software companies. Management Decision, 45(4), 789-801.
Serenko, A., Bontis, N., Booker, L., Sadeddin, K., & Hardie, T. (2010). A scientometric analysis of knowledge management and intellectual capital academic literature (1994-2008). Journal of knowledge management, 14(1), 3-23.
Shahin, M. H., & Alqadri, N. (2008). University-industry linkage, an underpinning force of the Diaspora in a globalised knowledge economy. INTED (ISBN: 978-84-612-0190-7). Valencia: International Association of Technology, Education, and Development (IATED).
Sharabati, A. A. A. (2013). The Relationship between Human Capital and Jordanian Pharmaceutical Organisations' Business Performance. International Journal of Academic Research in Business and Social Sciences, 3(1), 260.
Sharabati, A. A. A., Nour, A. N. I., & Shamari, N. S. (2013). The impact of intellectual capital on Jordanian telecommunication companies' business performance. American Academic & Scholarly Research Journal, 5(3 special issues), 32.
Sofo, F. (2014). Human resource development plans. Human Resources and their Development, 1, 1-8.
Storey, D. J. (2004). Exploring the link, among small firms, between management training and firm performance: a comparison between the UK and other OECD countries. The International Journal of Human Resource Management, 15(1), 112-130.
Tsai, C. L., Hung, M. C., & Harriott, K. (2010). Human capital composition and economic growth. Social Indicators Research, 99(1), 41-59.
Ukenna, S., Ijeoma, N., Anionwu, C., & Olise, M. C. (2010). Effect of Investment in Human Capital Development on Organisational Performance: Empirical Examination of the Perception of Small Business Owners in Nigeria. European Journal of Economics, Finance and Administrative Sciences, 93-107.
Valle, R., Martin, F., Romero, P. M., & Dolan, S. L. (2000). A business strategy, work processes, and human resource training: are they congruent? Journal of organisational behavior, 283-297.
Vemić, J. (2007). Employee training and development and the learning organisation. FACTA UNIVERSITATIS Series: Economics and Organisation, 4(2), 209-216.
Youndt, M. A., Subramaniam, M., & Snell, S. A. (2004). Intellectual capital profiles: An examination of investments and returns. Journal of Management Studies, 41(2), 335-361.
Sula, K. J., & Chermack, T. J. (2007). Integrative literature review: Human capital planning: A review of literature and implications for human resource development. Human Resource Development Review, 6(3), 245-262.
Published
2020-09-21
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Atiku, S. O., Lawal, I. O. ., & Gamede, V. . (2020). Human Capital Development and Faculty Members’ Contributions: Array. The Journal of Accounting and Management, 10(3). Retrieved from https://dj.univ-danubius.ro/index.php/JAM/article/view/560
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