Essay in hr Assignment Example | Topics and Well Written Essays - 2500 words

Essay in hr - Assignment Example Studies conducted over the years have supported the argument that of the various factors that influence employee motivation and commitment at the workplace fairness and trust were ranked the highest. Although there is considerable debate and lack of consensus over the concept and appropriate definition employee engagement, there is hardly any disagreement or doubt over the issue of fairness and its relevance at the workplace. It has been clearly established by various researchers that along with adequate pay and opportunities the existence of fairness in the organisation and trust toward the management play a key role in gaining employee commitment and dedication. The psychological contract is a metaphorical representation of the various factors that help organisations in emphasising and exploring the key issues affecting their employees. It affords the management in addressing a range of issues faced by the employees and in devising effective plans to overcome the same. The fundamental objective of a psychological contract is to ensure that the management places more emphasis on the ‘people’ i.e., the employees as they are integral for organisational success and development. It also focuses on improving and enhancing the relationship between the employees and the management / organisation. The employees are integral to the success of any organisation and are instrumental in improving the profitability of the organisations. Hence various organisations include the element of ‘psychological contract’ as part of their strategic plans in order to help the organisations grow and prosper. It helps in the overall developmen t of the organisations and help in tapping the energies, creativity and knowledge offered by the employees (Truss, Soane, and Edwards, 2006). There has been a drastic change in the manner in which organizations operate and function. The attitude toward the employees has also