Employees’ psychological contracts comprise their beliefs about what they have to contribute to their organizations and what inducements they will receive in return. One recommended approach to attract and retain employees is to design psychological contracts that allow them to contribute in desirable ways and receive attractive inducements. However, we know little about the factors that affect psychological contract preferences. We present a qualitative study on the preferred psychological contracts of employees who are in different career stages. Our findings reveal that the roles and self-concepts that employees take on at a particular career stage may shape preferences for stage-relevant contributions and inducements. These findings advance psychological contract theory by highlighting the plausible link between employees’ career stages and their psychological contract preferences.
The employer–employee relationship is underpinned by a psychological contract, which refers to employee beliefs about the exchange of employee contributions and employer inducements. However, there is limited understanding of how employers can shape psychological contracts to meet employees' needs and aspirations. Meeting these needs starts with an understanding of employees' preferences for psychological contract contributions and inducements. We propose that career stage models can be used to achieve that understanding. Using the career stage models of Dalton, Thompson, and Price (1977) and Super (1957), we derive insights into the preferred contributions and inducements, respectively, at various points of an employee's career lifecycle. These insights will help organizations create desirable psychological contracts and retain valued employees.
The employer–employee relationship is underpinned by a psychological contract, which refers to employee beliefs about the exchange of employee contributions and employer inducements. However, there is limited understanding of how employers can shape psychological contracts to meet employees' needs and aspirations. Meeting these needs starts with an understanding of employees' preferences for psychological contract contributions and inducements. We propose that career stage models can be used to achieve that understanding. Using the career stage models of Dalton, Thompson, and Price (1977) and Super (1957), we derive insights into the preferred contributions and inducements, respectively, at various points of an employee's career lifecycle. These insights will help organizations create desirable psychological contracts and retain valued employees.
The employer–employee relationship is underpinned by a psychological
contract, which refers to employee beliefs about the exchange of employee
contributions and employer inducements. However, there is limited
understanding of how employers can shape psychological contracts to meet
employees' needs and aspirations. Meeting these needs starts with an
understanding of employees' preferences for psychological contract
contributions and inducements. We propose that career stage models can be
used to achieve that understanding. Using the career stage models of Dalton,
Thompson, and Price (1977) and Super (1957), we derive insights into the
preferred contributions and inducements, respectively, at various points of
an employee's career lifecycle. These insights will help organizations
create desirable psychological contracts and retain valued
employees.
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