Periodsof transition to modern capitalist economies, are bringing a new concept of thepsychological contract, which modern organizations, in order to maximizeoverall performance, increasingly seek to explicitly represent. It isimperative to explicitly identify relational, balanced, transactional andtransitional psychological contracts in organizations in Serbia, in both publicand private sectors. Yet, at the level of recruitment and, later, training,local organizations need to clearly state and explain the essential principlesof implicit expectations, possible changes that may occur in the future,because like that all the possibilities initially become an integral part ofthe psychological contracts of employees and minimize the adverse trends. The paperconcludes that a clear policy of training, performance management, employeedevelopment, showing a transparent business policies, and incorporating theseconcepts as an integral part of organizational values, is the main strategicobjective of human resources in national and international organizations.


Societyin the modern European states today, passing through more or less painfulperiod of transition, like Serbia, was not willing to change businessconditions, at least in the circumstances of employment engagements. "Life" inorganizations, and with it the overall characteristics of jobs and business inthe "old times" were not nearly as "challenging" as they are today.

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This article wasoriginally published in the "Tekstilna industrija" magazine, September, 2012.