The theoretical grounding to your student's wellbeing is referred to as subjective wellbeing homeostasis. This theory is an integrative model for wellbeing, which consists of objective and subjective levels of life quality.
Objective measures of life quality count the occurrence of verifiable phenomena. These include things like educational achievements, financial resources, maternal survival rates, and literacy levels, to name a few.
Subjective measures record how individuals perceive their quality of life. Professor Cummins has described this subjective evaluation from Deakin University as a positive state of mind that involves the whole of life experience.
The theory of Subjective Wellbeing Homeostasis describes a mildly positive mood state that is genetically determined for each person. Further, internal mechanisms maintain this mood within a narrow functional range analogous to other biological systems, such as core body temperature.
Psychological homeostasis regulates mood within a narrow range of values by employing internal and external protective and restorative mechanisms referred to as buffers. The external buffers defend wellbeing from various psychological threats. The external buffers include modifying behaviour, the utility of resources such as money and connecting to other people, to name a few.
The internal buffers consist of automatic processes such as habituation and adaptation, as well as stable positive attitudes to one’s self and the world. In the context of Subjective Wellbeing Homeostasis, these internal buffers are referred to as self-esteem (your feelings of worth), optimism, and perceived control (how much control you feel you have over your life).
Data from these and other constructs vital for healthy levels of wellbeing give schools a unique perspective into the wellbeing of their staff and students. For example, knowing what factors are linked to a person's wellbeing and measuring these, allows your school to direct resources appropriately. Also, it allows school leadership teams to evaluate current wellbeing projects run by your school.