Key Points
In management, economics and HR (human resources) the term 'the Psychological Contract' commonly and somewhat loosely refers to the actual - but unwritten - expectations of an employee or workforce towards the employer. The Psychological Contract represents, in a basic sense, the obligations, rights, rewards, etc., that an employee believes he/she is 'owed' by his/her employer, in return for the employee's work and loyalty.
This notion applies to a group of employees or a workforce, just as it may be seen applying to a single employee.
This article refers to 'the organization' and 'leaders' and 'leadership', which broadly are the same thing in considering and describing the Psychological Contract. Leadership or 'the leader' is basically seen to represent the organization, and to reflect the aims and purposes of the owners of the organization. Leaders and leadership in this context refer to senior executive leaders or a chief executive, etc., not to team leaders or managers who (rightly) aspire to be leaders in the true sense of the word (covered under leadership, separately).
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Editor’s Note: There are many resources for the tools and techniques presented in this series of articles. A few examples follow:
Learn Out Loud:
http://www.learnoutloud.com/Free-Audio-Video/Self-Development
Business Balls:
http://www.businessballs.com/
Project Management Guru:
http://www.projectmanagementguru.com/index.html
Mind Tools:
http://www.mindtools.com
Leadership Qualities:
https://www.tinypulse.com/blog/sk-top-leadership-qualities
Leadership Library:
http://www.lsus.edu/Documents/Student%20Life/Student%20Activities/Leadershi...
The Art & Science of Leadership:
http://www.nwlink.com/~donclark/leader/leader.html
Explore and share!
