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Therefore, the concept of psychological contract may be differentiated and categorised as being Transactional or Relational in nature. A Relational contract is based on Emotional involvement and merely financial reward. Relational contracts are the opposite of transactional contract because they are long term contracts and consist of an investment between employer and employee. This kind of contract is present in careers that require intensive training such as law, etc. Transactional contract on the other hand is an exchange of high performance and flexibility for employability and quality of life...
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