TY - JOUR AB - Making the psychological contract a practical construct for organisations in managing relationships with stakeholders demands a simple but accurate model of the perceptual dynamics. The model presented here is based upon three meanings of the term value — value as worth, as respect and as beliefs. Aligning the perceptions of employees and the organisation on the nature of the value exchange provides a basis for measuring the quality or ‘perceived fairness’ of the psychological contract in action. The same principle applies to the psychological contract with all other stakeholder groups. VL - 9 IS - 4 SN - 1363-254X DO - 10.1108/13632540510621597 UR - https://doi.org/10.1108/13632540510621597 AU - Clutterbuck David PY - 2005 Y1 - 2005/01/01 TI - Communication and the psychological contract T2 - Journal of Communication Management PB - Emerald Group Publishing Limited SP - 359 EP - 364 Y2 - 2024/04/26 ER -