All articles tagged with #psychological contract
Originally Published 3 months ago — by Business Insider
The article argues that restoring loyalty between employers and employees is essential to fixing the dysfunction in corporate America, emphasizing that loyalty should be based on mutual care and trust rather than lifetime employment, and highlighting historical and modern examples of how loyalty can be cultivated in the workplace.
Originally Published 5 months ago — by Business Insider
AT&T CEO John Stankey's candid memo openly acknowledges the end of traditional workplace loyalty, shifting towards a market-based approach that emphasizes transparency and basic employee rights, but also dismisses expectations of loyalty and long-term job security, reflecting a broader trend of management by fear and a changing corporate culture in the age of AI.
Originally Published 2 years ago — by Business Insider
The traditional concept of loyalty between employees and employers has been eroded over time due to changes in the workplace, such as globalization and the rise of remote work. The psychological contract, which outlines mutual expectations and reciprocity, has been broken, leading to a lack of trust and loyalty on both sides. While some employers have responded by cracking down on disloyal behavior, others are exploring ways to rebuild trust, such as through alumni programs and offering voluntary buyouts. Ultimately, a healthier workplace dynamic requires mutual respect and recognition of employees as individuals, leading to a renewed sense of loyalty and reciprocity.