Psychological Capital

What is Psychological Capital (PsyCap)?

Psychological Capital (PsyCap) was pioneered by Fred Luthans and his associates to represent an individual’s positive psychological construct toward individual motivational tendencies in today’s workplace. PsyCap is defined as a higher-order construct of an individual’s positive psychological state of development that is characterized by hope, self-efficacy, resiliency, and optimism (HERO). PsyCap can be strengthened and developed.

Hope is persevering toward goals and, when necessary, redirecting paths to goals in order to succeed

Self-Efficacy is having confidence to take on and put in the necessary effort to succeed at challenging tasks

Resilience is when beset by problems and adversity, sustaining and bouncing back and even beyond to attain success

Optimism is making a positive attribution and succeeding now and in the future. 

Psychological Capital or PsyCap is a valuable personal asset that should be developed, nurtured, and maintained. Developing and strengthening positive Psychological Capital in individuals and teams has a significant positive relationship with desirable employee attitudes such as employee satisfaction, job satisfaction, organizational commitment, and psychological well-being. 

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