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Critically evaluate the so called theory of the psychological contract, does it provide a valid, reliable and predictable explanation that may contribute to an understanding of organisational success or failure - Essay Example

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Therefore, a number of new concepts related to managing employees has appeared in the recent decades. Among them is the theory of psychological contract. This concept has been widely…
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Critically evaluate the so called theory of the psychological contract, does it provide a valid, reliable and predictable explanation that may contribute to an understanding of organisational success or failure
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Extract of sample "Critically evaluate the so called theory of the psychological contract, does it provide a valid, reliable and predictable explanation that may contribute to an understanding of organisational success or failure"

Download file to see previous pages Individual performance, in its turn, is directly related to the overall organizational performance (Purcell, Kinnie and Hutchinson, 2003). As Purcell et al. (2003) state, organizational performance is directly related to the relationship between employee and employer, and employee’s satisfaction and commitment in particular.
However, in order to determine why a healthy psychological contract between an organization and its employees is important to the organization’s effectiveness, and whether it is useful in an organizational context, it is necessary to build a clear definition of what a psychological contract is.
For this purpose it is important to scrutinize and evaluate the underlying theoretical assumptions that underpin the theory of psychological contract. Therefore, the goal of this paper is to subsequently address the main conceptual and theoretical issues surrounding the theory of psychological contract, as well as to comment on the validity, reliability, and predictability of the theory of psychological contract that may contribute to understanding of organizational success and failures.
The theory of psychological contract is varied, deep and has been a subject to a whole range of theoretical studies and interpretations since its emergence in the 1960s. Therefore, this concept can be viewed as relatively new and its definition is one of the main theoretical complexities.
Different authors define the psychological contract differently. While some emphasize upon the importance of the agreeing parties implicit obligations toward each other, others emphasize upon the need to comprehend the expectations of people from the employment. There is yet another school of thought that considers reciprocal mutuality to be a fundamental determinant of the theory of psychological contract (Atkinson et al. 2003; Rosseau and Tijoriwala, 1998).
Though the scientists are still arguing on what exactly psychological contract is, the classical definitions state ...Download file to see next pagesRead More
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