Edited by Ronald J. Burke and Astrid M. Richardsen
Chapter 5: The benefits of developing psychological capital in the workplace
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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