Psychological contracts for key employees: Manager personality can enhance creation and fulfillment

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

It is often stated that any organization’s most valuable asset is its workforce. Effective management of human capital is therefore crucial if the firm is to prosper. To this end, managers have an important part to play. A key feature of their role is to help entice, develop and retain talent. They additionally act as the company’s agent in establishing the psychological contract (PC) that is sometimes created between the employer and an individual worker. Psychological contracts reflect certain obligations the company makes to an employee. Managers act to facilitate these agreements that often involve both explicit and implicit pledges. Their profound understanding of the employer perspective makes them ideal for this function.

Practical implications

The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2017), "Psychological contracts for key employees: Manager personality can enhance creation and fulfillment", Human Resource Management International Digest, Vol. 25 No. 4, pp. 41-43. https://doi.org/10.1108/HRMID-04-2017-0066