Anthony B. answered • 03/08/23
Project Management Consultant & Costing
The social contract between organizations and employees has been changing over the years. In the past, organizations expected employees to be loyal and committed to the company, and in return, they offered job security, benefits, and opportunities for advancement. However, with the rise of globalization and the increasing use of technology, the relationship between employers and employees has shifted towards a more transactional model.
Today, workers are less likely to stay with one company for their entire career, and instead, they expect to change jobs several times throughout their working life. As a result, human resource managers are faced with the challenge of attracting and retaining top talent, as well as ensuring that their employees remain engaged and committed to their work.
Furthermore, employees are increasingly seeking a healthy work-life balance, so companies are offering more flexible working arrangements, such as telecommuting and flexible hours. HR managers are tasked with balancing the needs of the organization with the desires of their employees.
In terms of the social contract, the shift towards a more transactional model means that organizations are offering more short-term contracts, temporary and part-time work, and gig-based employment. This can lead to job insecurity for workers, which can impact their overall well-being.
In conclusion, the changing social contract between organizations and employees means that HR managers need to be more strategic in their approach to attracting and retaining top talent. This involves creating a workplace culture that values employees, offers flexibility, and fosters a sense of loyalty and commitment to the organization.
