Abstract
The purpose of this study is to understand various aspects of wellbeing. The different definitions of wellbeing propounded by different researchers in recent years, types of wellbeing, different dimensions, indicators or measures of wellbeing were studied and they are included in this paper. British Psychological Society in the year 2010 has established the importance of psychological well-being of employees & how it impacts organizational success (Sandilya, 2018). This is relevant to this study, because the wellbeing of a person is an indication of emotions and emotions are an outcome of psychological state of mind. Some of the most popular journals and readings were referred for this study, some of them are Oxford Handbook of Wellbeing, Journal of Psychology, and International Journal of HR. Since this is a conceptual paper, no empirical study was done or no data analysis performed. To some extent, meta-analysis of wellbeing was covered, which helps in understanding various dimensions of wellbeing, e.g. living standard, health, freedom, personal and community relationships, peace and security, which are considered to be the significant livability factors of wellbeing. The eight dimensions of wellbeing, which are categorized as internal & external,were studied and they are briefly explained. Index of Psychological Wellbeing was studied only at the conceptual level, not practically tested. PERMA model of wellbeing, which helps in the study & measurement of five determinants of subjective well-being has been covered in this paper.