THE INFLUENCE OF PSYCHOLOGICAL CAPITAL ON WORKPLACE WELLBEING AND EMPLOYEE ENGAGEMENT AMONG SAUDI WORKFORCE

Abstract

Purpose of the study: The purpose of the study is to find out the complex relationship between psychological capital (PsyCap), workplace wellbeing (WWB), and employee engagement (E.E.) among the working class of Saudi Arabia. Methodology: The study which used a cross-sectional quantitative research design made use of three structured, validated questionnaires to collect the required data. Data were randomly collected online from a sample of 395 respondents. The respondents belonged to varying demographics. The data so collected was analyzed using Structural Equation Modeling (SEM) with the help of the Python program. Main Findings: The study has found a significant positive relationship between the three constructs of Psychological capital (PsyCap), workplace wellbeing (WWB), and employee engagement (E.E.)in the workplace. A similar significant relationship was also observed between workplace wellbeing and employee engagement. Applications of this study: The constructs identified for the study are those that help organizations to elicit effective performance from their employees. In the present uncertain world, only a band of engaged, happy, and psychologically strong employees will be capable of facing the multiple challenges of the corporate world. The findings of the study provide directions in this regard to social scientists and researchers. Novelty/Originality of this study: Though studies have been conducted in the western world about the antecedents and consequences of Psychological Capital (PsyCap), only limited studies have been done in Saudi Arabia and its neighbouring countries. The study has succeeded in enriching social science literature in this regard. There is ample scope for further research in this regard by including certain other constructs.