Final answer:
A psychological contract is a set of beliefs held by employees concerning the reciprocal obligations between them and their employer.
Step-by-step explanation:
A psychological contract is a set of beliefs held by employees concerning the reciprocal obligations between them and their employer. It is an unwritten agreement that outlines expectations, obligations, and promises between the two parties. For example, employees may expect job security, fair treatment, and career advancement opportunities, while employers may expect loyalty, dedication, and high performance from their employees.