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PsyCap - What's Your Capital?

Course Details

Contact Hour(s): 1.0

Non-Member Price: $50.00

Member Price: $25.00

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Speaker: Michelle Dossa & Dr. Greg Laukhuf

Time: 10:30am-11:30am

Room: Valley of The Sun C

Psychological capital (PsyCap) is defined as “an individual’s positive psychological state of development” (Luthans, Avolio, Avey, & Norman, 2007). Consisting of hope, optimism, resilience, and self-efficacy, PsyCap research suggests these components have a positive correlation with leader and follower job satisfaction, performance, and organizational commitment. Research also suggests that interventions can improve a leader’s PsyCap competency. In today’s challenging healthcare industry, leaders are charged with successfully navigating this complex environment full of change, uncertainty, and regulation in order to provide high quality, cost-effective medical care. Leaders look for ways to actively engage their teams to deliver this care while satisfying their need for job satisfaction and reduced burnout. This presentation will provide useful information that healthcare leaders may use to do just that. The presenters will define the PsyCap components of hope, optimism, resilience, and self-efficacy and highlight key research results related to positive leadership and organization outcomes. In addition, the presenters will demonstrate the importance of PsyCap in healthcare organizations and provide potential interventions to improve individual PsyCap.