Wellbeing is a topic that has been addressed from different perspectives for their contribution to the development
of a harmonious environment. Meanwhile, intellectual capital has become important because it has been
envisioned as a source of competitive advantages in organizations and nations. This study aims to explain the
contribution of the elements of intellectual capital on wellbeing perceived by employees of a city in central
Mexico. For this, a data collection instrument with 49 questions about the dimensions of the two study variables,
was developed and applied to 1256 employees. Human, relational and structural capital, were analyzed as
explanatory values on wellbeing through analysis. It was found that the three elements have a significant
explanatory value on wellbeing, but structural capital is the element with most weight, even though several
studies indicate that human capital should be.