Creating Psychologically Healthy Workplaces
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Creating Psychologically Healthy Workplaces

Edited by Ronald J. Burke and Astrid M. Richardsen

Workplaces can often be sources of stress, interfering with both job satisfaction and performance. This book explores ways to combat the factors contributing to an unhealthy workplace by building on the advances in positive psychology and organizational scholarship over the last 15 years.
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Chapter 5: The benefits of developing psychological capital in the workplace

Carolyn M. Youssef-Morgan and Karl Petersen

Abstract

This chapter discusses the benefits of positivity in general, and specifically psychological capital (PsyCap), an evidence-based multidimensional resource that includes hope, efficacy, resilience and optimism. After an overview of positive psychology, positive organizational scholarship (POS), positive organizational behavior (POB), and the theoretical progression of PsyCap, we focus on the benefits of developing PsyCap in the workplace. PsyCap and its constituent resources are malleable, and thus open to development. PsyCap development can lead to quantifiable returns on investment, which can help align the benefits of a psychologically healthy workplace with the strategic decision making and scarce resource allocation realities of today’s workplace.

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