A study on the relationships between psychological contract and personal aspects among teachers in higher education institutions in India

Education has become no less a business than any other in India, with the advent of more and more private academic institutions. This has given rise to an immediate need to develop efficient managerial strategies, and investigations into the psychological contract could help discover, understand and exploit the variables better, to improve profits and efficiency of academic institutes, just like other organisations. This need is further emphasised by the lack of research regarding the psychological contract in academic institutions, especially in the Indian context. With the objective of attempting to remediate the paucity of understanding, appropriate data was collected from faculty members from different academic institutions from different cities in India. The effects of variables age, gender and educational qualifications, on awareness, features and satisfaction levels of psychological contract among them were assessed. Analysis shows that many faculty members and even management seem unaware of the existence of psychological contract and that the features of psychological contract provided by the management are dependent on ages of the respondents.