Session : 8-oct-13

We began our first class on a general note of understanding of the psychological contract to comprehend in a better way the employment relationship.  As the session went on, from the class discussion it became quite evident that all kinds of relationships entail a psychological contract and it is managing the implicit understanding between the employees which needs to be managed properly in order for the relationship to succeed. It brought to light many implicit facts which used to happen in my previous workplace but we never gave enough thought towards its implications. For example, the expectation of raise in salary every year and the loss of trust towards the company when the expected benefits were not given to the employees.