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Article: The Psychological contract.(Checklist 161)
- Article from:
- Chartered Management Institute: Checklists: People Management
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 Chartered Management Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Introduction
The concept of the psychological contract assumes an unspoken, implicit, assumed agreement between employers and employees. In the past this unspoken contract might have implied that employees could expect job security and adequate rewards from their employer in exchange for hard work and loyalty. Today's psychological contract may be different, in line with a changed working environment that includes factors such as increased rationalisation, technological changes, and management approaches such as outsourcing. The new psychological contract may revolve more around an employer's willingness to assist you in developing your skills in order to ...