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

Abstract Views: 454  |  PDF Views: 165

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