Review of Professional Management- A Journal of New Delhi Institute of Management

Open Access Open Access  Restricted Access Subscription Access

Psychological Contract:A Study of Different Variants in FMCG Companies


Affiliations
1 Department of Commerce, Sri Guru Gobind Singh College, University of Delhi, India
 

In the globalized world, managing human resources is one of the critical challenges for today's organizations. Increasingly it is understood that cultivating Psychological contract among people of the organization is the fundamental aspect of this employee-employer relationships. The psychological contract includes informal arrangements, mutual beliefs, 'promises' or 'expectations' that are exchanged between the parties in an employment relationship. Four variants of Psychological contracts are Relational contracts, Transactional contracts, Transitional contracts and Balanced contracts. The present study is original one aimed at developing a deeper understanding about psychological contract and employment relationship amongst employees serving FMCG industry in India, taking into consideration strength of all variants of psychological contracts.

Keywords

Psychological Contract, Relational Contract, Balanced Contract, Transitional Contract, Transactional Contract.
User
Notifications
Font Size

  • Aggarwal, U., Datta, S., Bhargava, S., ( 2007). The Relationship between Human Resource Practices, Psychological Contract and Employee Engagement — Implications for Managing Talent, IIMB Management Review (Indian Institute of Management Bangalore;Sep2007, Vol. 19 Issue 3.

  • Ballou, Nichole Simone, (2013). The Effects of Psychological Contract Breach on Job Outcomes, Master’s Theses. Paper 4327.

  • Harold A. P., (2008). Psychological Contract and Employment Relationship,The Icfai University Journal of Organizational Behavior, Vol. 7, No. 4.

  • McInnis K.J ( ý2012 ). Psychological contracts in the workplace: A Mixed Methods design project, Electronic Thesis and Dissertation Repository. Paper 383. http://ir.lib.uwo.ca/etd/383

  • Millward, L.J. and Hopkins, L. J. (1998). Psychological Contracts, Organizational and Job Commitment, Journal of Applied Psychology, Vol. 28, Issue 16.

  • Negi Gayatri (2013). Employee Attrition : Inevitable Yet Manageable Abhinav,International Monthly Refereed Journal of Research In Management & Technology, Volume II.

  • O’Neill, Bonnie , Adya Monica (2007). Knowledge Sharing and the Psychological Contract: Managing Knowledge Workers across Different Stages of Employment, Journal of Managerial Psychology, Vol. 22, N.4.

  • Rousseau, D. M. (1995). Psychological contracts in organizations: Understanding written and unwritten agreements. Thousand Oaks, CA: Sage.

  • Turnley, W. and Feldman, D.C. (2000). “Re-Examining the Effects of Psychological Contract Violations: Unmet Expectations and Job Dissatisfaction as Mediators”, Journal of Organizational Behaviour, Vol. 21, No. xx, pp. 25-42. business.kingston.ac.uk

  • Usmani K. A., Khan F. S. (2015). Psychological Contract and its Consequences When violated: Employee’s Perspective Journal of Multidisciplinary Research Review , Vol.1 Issue 7


Abstract Views: 453

PDF Views: 164




  • Psychological Contract:A Study of Different Variants in FMCG Companies

Abstract Views: 453  |  PDF Views: 164

Authors

Rasleen Kaur
Department of Commerce, Sri Guru Gobind Singh College, University of Delhi, India
Puneet Kaur Bedi
Department of Commerce, Sri Guru Gobind Singh College, University of Delhi, India

Abstract


In the globalized world, managing human resources is one of the critical challenges for today's organizations. Increasingly it is understood that cultivating Psychological contract among people of the organization is the fundamental aspect of this employee-employer relationships. The psychological contract includes informal arrangements, mutual beliefs, 'promises' or 'expectations' that are exchanged between the parties in an employment relationship. Four variants of Psychological contracts are Relational contracts, Transactional contracts, Transitional contracts and Balanced contracts. The present study is original one aimed at developing a deeper understanding about psychological contract and employment relationship amongst employees serving FMCG industry in India, taking into consideration strength of all variants of psychological contracts.

Keywords


Psychological Contract, Relational Contract, Balanced Contract, Transitional Contract, Transactional Contract.

References





DOI: https://doi.org/10.20968/rpm%2F2016%2Fv14%2Fi2%2F130992