Significance of Workplace Democracy in Generating Psychological Capital: An Indispensable for the Contemporary Organizations

Author:U. C. Sharma1, Swati Sharma2*

Abstract:
This paper expects to investigate the part of workplace democracy in generating psychological capital, which is an inevitable paradigm for the contemporary organizations. The examination additionally gives a calculated system which implies the nexus between the two builds. The current examination adds to the writing by flagging the desperate requirement for building majority rule working environments and offers huge bits of knowledge for the administration and human asset experts to develop working environment popular government to construct their employees' psychological strengths, which in turn will result in enhanced organizational outcomes. The current investigation brings consideration toward the need for a move in the generic organizational strategies and instigate organizations to nurture a democratic setup for developing employees’ psychological capital.

Keywords:Key Words: Human Resource Management, Psychological Capital, Positive psychology, Inter-coder reliability, Workplace Democracy.

DOI:10.46333/ijtc/9/2/13

International Journal of Trade & Commerce (Vol: 9 Issue:2)