Review of Professional Management
issue front

Rasleen Kaur1 , Puneet Kaur Bedi2

First Published 31 Dec 2016.
Article Information Volume 14 Issue 2 July-December-2016

1Assist, Professor Department of Commerce Sri Guru Gobind Singh College University of Delhi, India , 2Scientific Assistant 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.


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