The expectation of a fair exchange of employment obligations between an employee and employer is called?

1 answer:

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The expectation of a fair exchange of employment obligations between an employee and employer is called the psychological contract.

<h3>What is the psychological contract?</h3>

A psychological contract, a concept developed in contemporary research by organizational scholar Denise Rousseau, represents an employer's and an employee's mutual beliefs, perceptions, and informal obligations.
It establishes the dynamics of the relationship and defines the specifics of the work to be done.
It differs from the formal written employment contract, which, for the most part, only identifies mutual duties and responsibilities in broad strokes.
The psychological contract refers to the expectation of a fair exchange of employment obligations between an employee and an employer.
A psychological contract is defined as a philosophy rather than a formula or predetermined plan.
Characteristics of a psychological contract include respect, compassion, objectivity, and trust.

Therefore, the expectation of a fair exchange of employment obligations between an employee and employer is called the psychological contract.

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