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Why do you think a knowledge and understanding of “Psychological Contracts” is important for the HR professional? In your answer include a critical evaluation of what psychological contracts represent and how they have evolved in the workplace.

In this paper, you are supposed to explore the concept of Psychological Contracts by emphasising on the following key factors:

  • Explain the significance and connection of Psychological Contracts with respect to HR professionals.
  • Critically evaluate the major aspects of Psychological Contracts.
  • Explain the origination of Psychological Contracts within the context of an organisation.
  • Explain the primary components of Psychological Contracts along with its factors.
  • Define the key terms Contract Diversity and Breaching.

Instructions 

Why do you think a knowledge and understanding of “Psychological Contracts” is important for the HR professional? In your answer include a critical evaluation of what psychological contracts represent and how they have evolved in the workplace.

  • Explain the significance of Psychological Contracts along with its concept.
  • Discuss on what grounds the Psychological Contracts is formed.
  • Explain the term Contract Diversity.
  • Define the concept of Breaching.
  • Explain the important components of Psychological Contracts.

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