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1. • • Emphasizes a fair and equitable exchange between employees and organizations. It acknowledges both monetary and non-monetary aspects of the employment relationship, such as work-life balance, professional development, and job security. This contract type aims to foster mutual commitment, trust, and a sense of well-being for both parties.
     www.aihr.com/blog/psychological-contract/

     What Is a Psychological Contract: Types With Examples

2. www.aihr.com › blog › psychological-contractWhat Is a Psychological Contract: Types With Examples

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   Balanced psychological contract: Emphasizes a fair and equitable exchange between employees and organizations. It acknowledges both monetary and non-monetary aspects of the employment relationship, such as work-life balance, professional development, and job security.

3. knowledge.wharton.upenn.edu › article › theThe ‘Psychological Contract’: The Ties That Bind Companies ...

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   Mar 23, 2011 · In this context, the "psychological contract" -- an unwritten pact that complements the economic arrangement between the employee and the company and defines the psychological commitment between ...

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     Inspiration Session: The Psychological contract: MSc Organizational Psychology

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     What is a psychological contract?

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     Psychological contract: What they are and why they are critical

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5. oxford-review.com › psychological-contractPsychological contract: What they are and why they are critical

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   What is a psychological contract? The term psychological contract refers to the often unspoken set of expectations and assumptions that two parties (employees and the organisation, its leaders and managers) have of each other about things like how they will behave and act.

6. fourweekmba.com › psychological-contractWhat is a psychological contract? - FourWeekMBA

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   May 21, 2024 · A psychological contract refers to the unspoken assumptions and expectations that exist between an employer and an employee. American business theorist and professor emeritus at Harvard Business School Chris Argyris popularized the psychological contract in 1960.

7. mindsair.com › psychological-contractThe Psychological Contract: What Every Organization Needs to Know

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   Key Takeaways. Psychological contracts are unwritten agreements between employees and employers. They significantly impact employee engagement, motivation, and retention. Fairness and trust are fundamental to strong psychological contracts. Effective communication is vital for managing expectations.

8. www.businessballs.com › the-psychological-contractThe Psychological Contract – BusinessBalls.com

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   A healthy Psychological Contract is one where both sides agree that a fair balance of give and take exists. This is impossible to achieve where there are lots of hidden perceptions, so the first aim is to encourage greater openness and mutual awareness.

9. People also ask

   What is a psychological contract?

   • The concept of a psychological contract emerged in the 1960s and was rooted in psychological and organizational behavior. It emphasized the human side of the relationship between employee and employer. A psychological contract encompasses the informal beliefs, ambitions, obligations, and expectations the employee and the employer perceives.

   What Is a Psychological Contract: Types With Examples

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   Is a psychological contract fair?

   • Employees who believe their psychological contract is fair (i.e., they receive as much as they give) are generally more motivated and committed to their work and the company’s wider goals and more likely to go above and beyond to perform.

   What Is a Psychological Contract: Types With Examples

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   How does a psychological contract affect employees?

   • Intriguingly also, several factors within the Psychological Contract - for example employee satisfaction, tolerance, flexibility and well-being - are both causes and effects. Feelings and attitudes of employees are at the same time expectations (or outcomes or rewards), and also potential investments (or inputs or sacrifices).

   The Psychological Contract – BusinessBalls.com

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   What makes a good psychological contract?

   • Achieving a fair balanced Psychological Contract requires that important factors are understood, and seen to be understood. The more an employer demonstrates broad awareness of the employee situation, the more likely it becomes that mutual agreement - and a healthy Psychological Contract - can be established and maintained.

   The Psychological Contract – BusinessBalls.com

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   Do you need a psychological contract?

   • The psychological contract is always worth reexamining, particularly with the raging War for Talent. Focus on these five areas to improve and maintain a psychological contract: To get the most benefit from the psychological contract, you must show employees you are in an equal partnership with them.

   The Psychological Contract: Why Employers Need to Understand This

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   Is a psychological contract measurable?

   • It's unavoidable within any proper appreciation of the Psychological Contract. These loops are not conventionally measurable, but they do exist and can be very significant. Within the Psychological Contract many perceptions become an important part of the reality.

   The Psychological Contract – BusinessBalls.com

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10. www.process.st › psychological-contractThe Psychological Contract: Why Employers Need to Understand ...

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    Aug 19, 2022 · A psychological contract is an unwritten agreement. It should benefit an organization and its employees. It is not an idea that allows one party to manipulate the other. A psychological contract isn’t something concrete you can hold like a job contract. It’s abstract, an idea.