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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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   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.

3. 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.

4. Videos

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     What is a psychological contract?

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     Inspiration Session: The Psychological contract: MSc Organizational Psychology

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     Psychological contract: What they are and why they are critical

     Aug 21, 2021

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5. www.hrexchangenetwork.com › employee-engagementPsychological Contract – The Pros and Cons

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   Oct 28, 2019 · Unlike a formal, codified employee contract, a psychological contract is an unwritten set of expectations between the employee and the employer. It includes informal arrangements, mutual beliefs, common ground and perceptions between the two parties.

   • Author: Mason Stevenson

6. www.hrexchangenetwork.com › employee-engagement5 Must-Haves in the New Psychological Contract

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   Aug 2, 2022 · Learn about what you should include in the latest version of the psychological contract, which is an often unspoken agreement that lays out the expectations of the relationship between employers and workers.

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

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   May 21, 2024 · The Psychological Contract is an unwritten, implicit agreement or understanding between an employer and an employee regarding the expectations, perceptions, and obligations each party has towards the other in the workplace. It encompasses the non-tangible aspects of the employment relationship, such as trust, loyalty, and mutual expectations ...

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

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   The Psychological Contract – theory explanation, models and diagrams, definitions and examples of the psychological contract in organisations and management.

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

   www.aihr.com/blog/psychological-contract/

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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

   www.aihr.com/blog/psychological-contract/

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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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   Is a psychological contract a pro or a con?

   • The psychological contract is the epitome of agility. As the worker changes, so too does the psychological contract shared between the employee and his or her employer. Additionally, it provides a real-time look at the relationship between the two entities. It could be argued that, while this attribute serves as a pro, it can also double as a con.

   Psychological Contract – The Pros and Cons - HR Exchange Network

   www.hrexchangenetwork.com/employee-engagement/articles/psychological-contract-the-pros-and-cons

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   How difficult is it to enforce a psychological contract?

   • The fact the psychological contract is so easily changed means it is difficult to “enforce” and equally difficult on which to rely for guidance when it comes to the relationship between the employee and employer. Loyalty is a massive asset for employers.

   Psychological Contract – The Pros and Cons - HR Exchange Network

   www.hrexchangenetwork.com/employee-engagement/articles/psychological-contract-the-pros-and-cons

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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

   www.businessballs.com/collaboration-and-sharing-best-practice/the-psychological-contract/

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10. accountend.com › understanding-psychologicalUnderstanding Psychological Contracts: Definition, Examples ...

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    A psychological contract refers to the unwritten expectations, beliefs, and perceptions that individuals hold about the reciprocal obligations between themselves and their employers. It encompasses both explicit (formal employment terms) and implicit (unspoken expectations) elements of the employment relationship.