This article discusses on the major conceptual parts of psychological contract which will include importance and significance of psychological contract, difference between psychological and employment contracts, types, causes and effects of breach and violation of the contract. | Psychological contract- a conceptual framework International Journal of Management IJM Volume 8 Issue 5 Sep Oct 2017 pp. 101 110 Article ID IJM_08_05_011 Available online at http ijm JType IJM amp VType 8 amp IType 5 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication PSYCHOLOGICAL CONTRACT- A CONCEPTUAL FRAMEWORK Dr. A. Savarimuthu Professor in HRM St. Joseph s Institute of Management St. Joseph s College Tiruchirappalli India A. Jerena Rachael Scholar St. Joseph s Institute of Management St. Joseph s College Tiruchirappalli India ABSTRACT In the recent business environment we experience immense changes affecting the current working of organizations in terms of nature of jobs downsizing and drastic changes in the technology amp market demands which have gone beyond the traditional structure of organizations. This has an adverse effect on the relationship of its workers and employees which becomes the reason for variations and misconceptualization of perceptions within the organizations. Therefore this influences the need for psychological contracts. Psychological contract is a newly arousing organizational term that interprets the fulfillment and non-fulfillment of organizational relationships in terms of mutual obligations expectations and promises. This phenomenon being an established term in different parts of the world has only now taken its troll in India. Lately we see and hear of numerous issues of tangled employer and employee relationships across the country. Psychological contract has its tune to epitomize its existence explicitly and implicitly. This article discusses on the major conceptual parts of psychological contract which will include importance and significance of psychological contract difference between psychological and employment contracts types causes and effects of breach and violation of the contract. Key words Breach Employment .
