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Development and validation of the Work Capital Scale.

Taewon Kim¹, Blake A Allan²

¹Department of Psychology, University of Florida.

Journal of Counseling Psychology

|February 15, 2024

Summary

This study introduces a new Work Capital Scale to measure economic, human, social, and cultural resources. The validated scale offers a more inclusive approach to understanding vocational development for all individuals.

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Area of Science:

Vocational Psychology
Sociology of Work

Background:

Previous research on work capital lacked inclusivity and used limited measurement approaches.
Existing frameworks often focused on privileged populations and objective, categorical data.

Purpose of the Study:

To develop an inclusive, subjective, continuous, and multidimensional Work Capital Scale.
To validate the scale across diverse working adult and job seeker samples.

Main Methods:

Development of a 16-item, four-factor Work Capital Scale (Economic, Human, Social, Cultural).
Validation through correlational modeling and assessment of convergent/divergent validity with existing measures and socioeconomic indicators.
Invariance testing across demographic variables (income, social class, gender, race, employment status).

Main Results:

The developed Work Capital Scale demonstrated invariance across key demographic groups.
A correlational model provided the best fit for the data.
Evidence of convergent and divergent validity was established.

Conclusions:

The new Work Capital Scale offers a psychometrically sound and inclusive tool for research and practice.
Advances understanding of vocational development by considering multidimensional capital.
Provides practitioners with a valuable instrument for assessing work-related resources.