Human Capital Management Practices Vis-à-vis Faculty Well-Being in a Selected Philippine Higher Education Institution: Addressing the Perspective of SDG 8 Decent Work and Economic Growth

Objective: The objective of this study is to assess human capital management (HCM) practices and faculty well-being at Jose Rizal Memorial State University-Dipolog Campus, with the aim of understanding the relationship between HCM practices and faculty well-being within the context of SDG 8: Decent Work and Economic Growth. Theoretical Framework: The study is grounded in human capital theory, which emphasizes the value of employees as key resources for organizational success. It draws on concepts of employee engagement, leadership practices, and organizational justice to explore how HCM practices impact faculty well-being across various dimensions, including social, mental, financial, physical, and career well-being. Method: The research employed a survey method, with 67 faculty members participating. Data were collected through a structured questionnaire designed to measure the dimensions of HCM practices and faculty well-being. The responses were analyzed to identify the strength of the relationship between HCM practices and faculty well-being. Results and Discussion: The study revealed that all dimensions of HCM practices—leadership, employee engagement, knowledge accessibility, workforce optimization, and learning capacity—were moderately practiced. Faculty members reported high levels of social and mental health well-being but moderate levels in financial, physical, and career well-being. A strong positive relationship was found between HCM practices and faculty well-being, suggesting that optimizing HCM practices can enhance faculty well-being. Research Implications: The results underscore the importance of optimizing HCM practices to enhance faculty well-being, which in turn can improve the overall performance of the institution. Administrators are encouraged to focus on maximizing internal resources, fostering employee involvement, and enhancing organizational justice to support faculty well-being and contribute to institutional success. Originality/Value: This study contributes to the literature by highlighting the impact of HCM practices on faculty well-being in a Philippine higher education context. It provides practical insights into how universities can integrate human capital practices to improve both employee well-being and organizational outcomes, aligned with the principles of SDG 8.