Although education and training can determine an employee’s business success, their psychological capital is worth more than anything. Psychological capital consists of a positive attitude and belief in their abilities. Such attributes in employees are attractive to companies because it is these employees that will better their work atmosphere and introduce innovative ideas. Attitudes are contagious. If one co-worker is stressed and in a bad mood, that feeling carries over to other employees. In contrast, optimism and a good sense of self in employees fuel a positive work environment because employees are motivated to improve their efforts and with a more self-reliant/self-motivating team, projects are accomplished faster and more efficiently.
According to Ramón Valle Cabrera, Pablo de Olavide University in Spain, Physiological is often overlooked during poor economic times. Companies often simply down-size, reducing quantity and overlooking quality. Firing personnel has long-term effects upon a firm, such as reduced company loyalty, negativism towards the future and disconnectedness within the company. It is more beneficial for a firm to expand their stock or find a creative way to boost revenue so that down-sizing is not needed. However, if this is impossible, managers need to take into account what personal attributes each employee gives to their company. Mr. Cabrera believes that such attributes are worth more than an employee’s talent
Universia-Knowledge@Wharton. "Managing Talent During a Period of Crisis." (2008): n. pag. Web. 6 Feb 2010.