Well-being is a very broad construct. Any good measure of well-being is likely to be multi-dimensional and consist of many factors or scales. A recent review of well-being measures grouped the well-being measures into four broad groups of Hedonic, Eudiamonic, Quality of Life and Wellness measures.
However, a better conceptualization of well-being is to consider it made of emotional/hedonic well-being, psychological well-being, social well being and vocational/economic well-being.
Emotional well-being is typically measured by presence of positive emotions, absence of negative emotions and life satisfaction. While the first two aspects may be measured by PANAS , a popular measure of life satisfaction is Satisfaction with life scale. I have proposed elsewhere that Life outlook also be measured as art of this emotional well-being.
Holds positive attitudes toward oneself and past life and concedes and accepts varied aspects of self (self-acceptance)Shows insight into own potential, sense of development, and open to new and challenging experiences (personal growth)Holds goals and beliefs that affirm sense of direction in life and feels that life has a purpose and meaning (purpose in life)Exhibits capability to manage complex environment, and can choose or manage and mold environments to suit needs (environmental mastery)Exhibits self-direction that is often guided by his or her own socially accepted and conventional internal standards and resists unsavory social pressures (autonomy)Has warm, satisfying, trusting personal relationships and is capable of empathy and intimacy (positive relations with others)
Has positive attitude toward others while acknowledging and accepting people’s differences and complexity ( social acceptance)Believes that people, social groups, and society have potential and can evolve or grow positively ( social actualization)Feels that one’s life is useful to society and the output of his or her own activities are valued by or valuable to others ( social contribution)Interested in society or social life; feels society and culture are intelligible, somewhat logical, predictable, and meaningful (social coherence)Has a sense of belonging to a community and derives comfort and support from community (social integration)