The aim of assignment 1 is to make students familiar with the concepts of psychological contract and enable them to apply these concepts in real life. After completing this task, the following specific objectives will be achieved:
1. To define psychological contract.
2. To evaluate the elements of psychological contract.
3. To create a positive and productive culture by using the psychological contract.
4. To analyze the process and procedure of human resource management.
5. To explain the importance of psychological contract for gaining competitive advantage.
6. To define the problem by using a given scenario and provide recommendations to solve
the existing problems.
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