The impact of positive psychological capital of managers to improve employee performance (case study: Mellat insurance company in Tehran)

There had been greatly attention to the role of human، financial، economical and social capitals in traditional management theories. But in modern management theories، organizational researchers often trend to employee’s capabilities and positive traits and its importance as comparative advantage. In modern world neither change and development، knowledge and technology، skills and experiences، nor social interaction of human resources، lead to succeed but in modern and successful organization، researchers have presented that positive attributes like positive psychological capital as the most important competitive advantages. This article has attempted to examine positive psychological capital and relationship with performance management and employees engagement. For this purpose، 160 Mellat insurance company employees and managers were selected randomly as sample. the findings of the statistical analysis using structural equation modeling have shown that positive psychological capital of managers led to the engagement of employees and can be improved their performance as a result. While the impact of positive psychological capital leads to improvement of the psychological capital quality and caused the employee added value function.