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10 November 2014
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1. Communication and the psychological contract 1
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Abstract: 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. [PUBLICATION ABSTRACT]
Volume: 9
Issue: 4
Pages: 359-364
Number of pages: 6
ISSN: 1363254X
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