Psychological capital a tool to fight with employee turnover and stress-A study on employees from insurance sector

Abstract

Employee turnover and work stress are frequent issues in every organisation. This hampers the productivity and workers satisfaction in large. Several approaches induced to reduce the workers turnover and handle the stress. As the time passes the practicability of various approaches are seems to be failing. The overall development in retaining the employees needs to be identified and measured empirically. The study considered employee stress, turnover and job search behaviour as the issue that can be overcome by maintaining the Psychological Capital. The Psychological Capital i.e. resilience, hope, Efficacy and optimism are considered to identify its impact on the above said issues. The result confirms that the levels of stress and turnover are reacting differently towards behavioural work outcomes but the result of job search behaviour is found negatively related to the PsyCap. This practical output can benefit the human resource practitioners to implement their strategies that will give priority on leverage and employee's development. Here, the psycap is found as the best alternative to adjust with the work stress environment.