What is the psychological contract that exists in the workplace?
A)the employer's legal obligation to provide a fair wage or salary for the work an employee performs
B)the use of a fair process in decision making and helping others know that the process was as fair as possible
C)the comparison of the ratio of an employee's outcomes to inputs against the outcome to input ratio of some comparison person
D)the degree to which employees want personal and psychological development
E)the set of perceptions of what employees owe their employers and what their employers owe them

Question

Quizplus · Accepted Answer

The psychological contract refers to the set of perceptions employees hold regarding what they owe their employers (such as work effort and loyalty) and what their employers owe them (such as job security and opportunities for growth and advancement). It is essentially an unwritten agreement and can differ among individuals and organizations.

What Is the Psychological Contract That Exists in the Workplace