Human Capital Theory has been widely used in academic research to explain the factors that affect career attainment and job promotion potential. According to this theory, investing in human capital can improve career prospects. While previous studies have focused on human and social capital to explain leadership growth within organizations, this research takes a new approach by analyzing telecommuting and how psychosocial support, human capital, and social capital influence employees’ perception of career advancement. In this study, psychosocial support refers to trust, emotional support, and building strong social networks. Education and skills represent human capital, while network ties foster a diverse social level of sponsorship for social capital. All three variables played a role in moderating the relationships between gender, work type, and race as a catalyst for career attainment.
The survey results predicted that women who work from home receive more human capital, which strengthens their career advancement opportunities. Additionally, the results imply that people of color face barriers in achieving career advancement, indicating the presence of a glass ceiling. Career-related support, race, and work type significantly predicted career attainment. These effects provide insights into the dynamics of reaching top management positions within the finance industry.