The view supported by you, if you were the HR manager. Introduction: There are two main types of the social contracts; the Old social contract and the New social contract. The Old social contract considers the workplace as a family and employees as family members. The management takes care of employee's interest first and employees show loyalty and commitment in return to the organization. The New social contract focuses more on trust rather than loyalty, employees are self-motivated and employees are more likely to move from one company to another because job decisions are based on cultural knowledge and specific skills.

Question

business value reinforces the need for constant alignment with strategic objectives and adapting to market changes, while accountability ensures that stakeholders are responsible for the deliverables. How have you observed these functions influencing budgeting practices in real projects, and what challenges have you encountered in upholding them throughout the project lifecycle?

Answer 1

Question

Chapter 9, Problem 2CFCA

Summary Introduction

To determine:

The view supported by you, if you were the HR manager.

Introduction:

There are two main types of the social contracts; the Old social contract and the New social contract. The Old social contract considers the workplace as a family and employees as family members. The management takes care of employee's interest first and employees show loyalty and commitment in return to the organization.

The New social contract focuses more on trust rather than loyalty, employees are self-motivated and employees are more likely to move from one company to another because job decisions are based on cultural knowledge and specific skills.

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