Published Paper Details:

Psychological Contract is an unwritten set of agreements that exists between the employee and employer. These are the promises and expectation that are exchanged between both the parties in an employment relationship. Parties that are involved can include employers, managers, supervisors, individual employees and work colleagues. Nature of Psychological Contract can be broadly classified as Transactional and Relational. This paper focuses on Understanding the Nature of Psychological Contract of employees working in a Mid-Scale Technological Firm. Another objective of the study is to determine if there is any significant difference in Psychological contract based on demographic factors. The study makes use of descriptive statistics, ANOVA, Post-hoc and percentage analysis for determining the Nature of Psychological Contract. The data for the research has been collected through a questionnaire and a total of 64 responses have been collected. The study concludes that the employees in this mid-scale technological firm have Relational Psychological Contract.