The Way to survive turbulent changes in the work environment: Investment in employee development (a systematic review)
Abstract
The modern world is marked by constant change and uncertainty, as technological advancements and globalization continue to reshape the way we live and work. That is how our world is described in The World Economic Forum's "The Future of Jobs Report 2020".
In such a fast-paced and dynamic environment, individualsand organizations must have the ability to adapt and thrive. In the report, the World Economic Forumalso anticipates a list of work skills for 2025 - the first self-management skills such as active learning,resilience and flexibility are now appearing.
Competencies of self-management are very closely related to the concept of psychological capital (PsyCap). Psychological capital is a construct that refers to a positive psychological state of mind characterized by fourkey elements: self-efficacy, hope, resilience, and optimism.
Since psychological capital is viewed as a developmental state, it can be effectively trained. According to the report, as technology and automation changethe nature of work, individuals with high levels of psychological capital will be better equipped to adapt toand succeed in the new job market.
Additionally, the report notes that businesses that invest in the psychologicalwell-being of their employees will be more productive and successful in the long-term. In the field of scientific research, the construct is also associated with other variables that are beneficial to business, suchas job satisfaction, job performance, organizational commitment and many more.The purpose of this article is to provide a systematic review on this topic and to summarize the implications for organizations.