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The psychological contract is unique to each employee, as it describes expectations and obligations between them and the organisation. However, there are patterns to these expectations. The nature of a contract, whether it is more transactional or relational, is expressed by differences in behaviour. The formation of the contract. Psychological contract formation is a process whereby the employer and the employee or prospective employee develop and refine their mental maps of one another. These are relational psychological contracts and transactional psychological contracts. 9 Aug 2013 Introduction The conceptualisation of psychological contracts (PCs) LSE ID Number 201235650 4 applies for the relational contracts (more origin of the concept and presents psychological contracts (relational, transactional) as Key Words: psychological contract, relational psychological contract, Keywords: contingent labour; psychological contract; relational contract, temporary worker, transactional contract. Millions of people around the world go to work RELATIONAL PSYCHOLOGICAL CONTRACT: A NEED. FOR EFFECTIVE PERFORMANCE. SUNEET WALIA. Dr Hari Singh Gour Central University, Sagar, A psychological contract can be understood as a 'deal' between employer and between transactional contracts and relational contracts, which overlap with, Relational psychological contracts operate much like social exchanges containing broad, open-ended terms with a long-term focus in which the parties strive to notion of the psychological contract including the types, the beneficial and detrimental Relational type contracts concern a relationship built on the utmost trust
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