Validation of the Psychological Capital Construct on the White Collar Employees of the Human Service Organizations

There is exiguity of research studies that have accentuated the appositeness of the construct of psychological capital among white collar employees like doctors, higher education teachers and bank officers who deliver prodigious service to the society. In this backdrop the present study investigated the dimensionality of psychological capital using a sample of 350 white collar employees working at three major human service organizations operating in Kashmir (University of Kashmir, S.K.I.M.S Hospital Srinagar and J&K Bank).An exploratory factor analysis revealed a three factor structure of psychological capital and the same was substantiated by a confirmatory factor analysis procedure. The model fit indices were found to be well within the acceptable thresholds as indicated by value of CMIN/DF=2.3 , GFI=.94, CFI=.95 and RMSEA=.06. Besides this higher order confirmatory factor analysis was also carried out to portray psychological capital as a latent construct formed by hopeful confidence, optimism & resilience. The findings connote that the construct holds well in context of the present study, thereby buttressing the existence and importance of such construct.