Impact of Psychological Capital on Employee Wellbeing

Abstract

Effective management of human resource is the key factor for the organizational development and different strategies have been adopted by the manager. Psychological capital is one of the strategies for the development of the employee. It is the core construct comprises of self-efficacy, optimism, hope and resiliency.  It has positive impact not only on the individual but also upon the organization to reduce cost as well as negative influence. The present paper explains the theoretical background of psychological capital and its implications for employee wellbeing as well as organization.