The expectations of a fair exchange of employment obligations between an employee and his or her employer is referred to as:

Question

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The term "psychological contract" refers to the expectations that an employee and employer have of each other regarding their employment relationship, including the obligations and benefits that each party provides. It is a more nuanced understanding of the employment relationship beyond just the legal terms outlined in an employment contract or at-will employment agreement.

The Expectations of a Fair Exchange of Employment Obligations Between