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Usmani, Kainat Akhtar
- Understanding Psychological Contract:Long-Term Investment for Business Sustainability
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PDF Views:150
Authors
Affiliations
1 Department of Commerce and Business Management, Integral University, Lucknow, IN
1 Department of Commerce and Business Management, Integral University, Lucknow, IN
Source
Management Dynamics, Vol 17, No 2 (2017), Pagination: 60-69Abstract
Business sustainability is the body of knowledge which include knowledge of proven traditional practices that are widely applied, along with knowledge of innovative and advanced practices yet that has seen only 0f limited use. Sustainable businesses take a long-term view of profitability. For this the one more important concept emerges in HRM is of Psychological contract. This paper describes the psychological contract at the workplace, which results from the successful execution of work by collaborative efforts. The purpose of the study is to understand the importance of psychological contract in organization for both employer as well as employee and its implication in managing sustainable business. Structured questionnaire is used to collect information regarding employee’s attitude towards their work profile and their organization from the selected private sector companies of Lucknow region. Each response has been measured on ‘Five-Point Likert Scale’ and the interpretation has been done on the basis of ranking method. Study reveals that when employees’ expectations were fulfilled it tends to create relational contract and which ultimately results in high work performance. This will became a significant factor of sustainable business. Findings of this study can be used for maintaining healthy relationship with the employees which becomes long term investment for a sustainable business. The scope of this paper can be extended to explore and analyze the workplace effectiveness empirically.Keywords
Psychological Contract, Business Sustainability, Implication, Effective Performance.Full Text
References
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- Employer’s Behaviour Leads to Job Insecurity:A Psychological Contract Perspective
Abstract Views :257 |
PDF Views:130
Authors
Affiliations
1 Department of Commerce and Business Management, Integral University, Lucknow, IN
1 Department of Commerce and Business Management, Integral University, Lucknow, IN
Source
Indian Journal of Economics and Development, Vol 7, No 6 (2019), Pagination: 1-11Abstract
Objectives: This study examines employer’s behavior that causes job insecurity in their employees and analyzes employee’s reactionsin case of job insecurity that arouse because of breach of psychological contract.
Methods/Statistical analysis: The data for the study is collected through structured questionnaire from two specific private sector companies of Lucknow region in India which are Education and Pharmaceuticals. Pearson’s Chi-square test is applied to know the association between employer’s behaviour and employee’s reaction in case of breach of psychological contract that leads to job insecurity.
Findings: The result of chi-square analysis shows that thereexists an association between employer’s behaviour and employee’s started feeling job insecurity after breach of psychological contract. The p-value is less than 0.05 which means that statistically these variables are associated with each other. Result of the study clearly shows that employer’s behaviour lead to breach of psychological and that ultimately defamed their employment relationship.
Application/Improvements: Study shows that if employer doesn’t shows concern for their employees it creates job insecurity within them and becomes reason for switchover intentions so in order to maintain long term employment relation psychological contract should be fulfilled.
Keywords
Employer’s Behaviour, Psychological Contract, Job Insecurity.Full Text
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