Common Contracts
1 similar Psychological Contract contracts
PSYCHOLOGICAL CONTRACT IN BUSINESS CORPORATIONSPsychological Contract • December 6th, 2018
Psychological contract refers to a tacit agreement between workforce and corporation for correlative advantage. According to Rousseau, “The psychological contract is individual beliefs, shaped by the organization, regarding terms of an exchange agreement between individuals and their organization.” The individual beliefs here are the discrete commitments which are expected to be fulfilled. The psychological contract varies with various circumstances so as how the individual intervention varies. The individual beliefs and their fulfillments must harmonize with each other for constructive results. If they fail to harmonize, they break up untimely.
