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Initial interest was fuelled by consequences of a more cost focused and competitive business Environment’ (Judy Pate, ‘The changing contours of the psychological contract’, Journal of European Industrial Training, Vol. 30 No. 1, 2006, pp. 32-47). Over the years researchers have analyzed and presented various views based on cultural differences, employee-employer perception and various environmental and physical work place factors that affect the physiological contract.
The aim of the following discussion is to take the readers on a route to understand the basic aspects of physiological contract, analyze the reorganization of company and various events that will have lasting effect on the attitude and perception of the employees...
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