Page 179 - IMDR JOURNAL 2023-24

IMDR’s Journal of Management Development & Research 2023-24

 Improved Emotional Regulation and Skill Development: Exploring the impact of EI on psychological
contracts can motivate individuals to invest in developing their own emotional intelligence skills. This

can lead to increased self-awareness, improved communication, and better conflict resolution, fostering
a more positive work experience.

 Greater Sense of Agency and Ownership: Understanding the role of psychological contracts can

empower employees to take greater ownership of their work experience. They can proactively engage
with HR and management to ensure their expectations and contributions are valued and understood,

fostering a sense of belonging and purpose.

Significance for Organizations:

 Building a More Attractive Employer Brand: By prioritizing EI development and fostering positive
psychological contracts, organizations can attract and retain top talent who value emotional intelligence

and a human-centric approach. This can lead to a competitive advantage in the talent market.

 Reduced Turnover and Increased Productivity: Studies show that organizations with high EI practices
and strong psychological contracts experience lower turnover and higher employee productivity. This

translates to significant financial benefits and a more stable and engaged workforce.

 Enhanced Innovation and Collaboration: By fostering emotional intelligence and managing

psychological contracts effectively, organizations can create a culture of trust, open communication,

and collaboration. This leads to increased innovation, creativity, and problem-solving, ultimately
driving organizational success.

 Improved Employer-Employee Relationships: Understanding the relationship between EI and
psychological contracts helps firms foster stronger and more collaborative relationships with their

employees. This promotes trust, respect, and mutual understanding, resulting in a more positive and

productive working environment for everyone.

Overall, this study provides significant insights about how to create a human-centred work environment that

values and nurtures emotional intelligence and psychological contracts. Understanding and resolving these
issues can help both individuals and businesses in terms of better well-being, engagement, and overall success.

Literature Review:

The future of talent isn't just about skills and experience – it's about emotional intelligence (EI). HR

professionals know this, and they're moving beyond resumes to seek candidates who can harness emotions

effectively. Imagine employees who intuitively understand others, manage stress calmly, and motivate

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