Question

What is the psychological contract ?Discuss the implications of psychological contract over the organizational strategy?

Answer 1

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Psychological Contracts are largely reliant on promises between the employer and employee, with trust being the basis for the social exchange. A breach in the Psychological Contract occurs if employees perceive that their firm, or its agents, have failed to deliver on what they perceive was promised, or vice versa

Answer 2

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➡️ Psychological Contracts

Psychological contracts are a set of 'promises' or 'expectations' that are exchanged between the parties in an employment relationship. These parties include employers, managers, individual employees and their work colleagues. Unlike formal contracts of employment, they are often tacit or implicit.