Understanding psychological capital and subjective well-being at workplace

Pages: 1343-1345
Priyanka Sain and Pooja V. Anand (Department of Psychology, Daulat Ram College, University of Delhi, Delhi)

Considering the changing dynamics of organizations, assessing factors related to manager-subordinate relationships is of high importance to ensure productivity and profitability of organizations. Along these lines, Psychological Capital of managers, with its four dimensions, self-efficacy, hope, resilience and optimism, as a positive construct promoting Subjective Well-Being of their subordinates was examined by the present study. Survey method was employed using self-administered questionnaires and quantitative data was collected from 91 managers and 139 subordinates working in public or private sectors of Delhi NCR using cross-sectional study design. While the managers exhibited relatively reduced levels of optimism when compared to the other dimensions, their overall Psychological Capital was found to be satisfactory. However, the subordinates were found to be less pleased about their Subjective Well-Being. Among the four dimensions of Psychological Capital, hope of managers was observed to have a large positive impact on Subjective Well-Being of their subordinates while the effects of resilience, optimism and self-efficacy were not found to be statistically significant. The study emphasizes the need for implementing policy interventions, especially to promote hope and optimism of the managers, consequently improving the Subjective Well-Being of subordinates.