The Effect of High-Performance Work Systems on Financial Management Behavior of Healthcare Professionals

Abstract

This study was conducted to examine the effects of high-performance work systems on the financial management behaviors of healthcare professionals. The relationship between employees’ perceptions of high-performance work system practices and their individual financial decision-making processes was evaluated. The research population consisted of healthcare and administrative personnel working at Mersin University Faculty of Medicine Hospital. The sample size was determined as 325 individuals, and survey data were collected from 330 participants and analyzed. Descriptive statistics were used for data analysis, model significance was tested with ANOVA, and multicollinearity was evaluated through VIF values. Reverse-coded items in the dataset were corrected, and analyses were performed using a free statistical software. The findings indicated that the perception of employment security played a significant role in determining financial management behaviors. Employment security had a positive and significant effect on cash and credit management, while it showed a negative and significant effect on savings/investment and insurance management. Perceived compensation showed a positive and significant relationship with insurance management behavior. The effects of other variables were not found to be statistically significant. The study demonstrated that human resource strategies influence both organizational and individual financial decision-making. This finding contributes to the understanding of financial behaviors in healthcare institutions. Future studies are recommended to examine similar variables in different sectors.