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PSYCHOLOGICAL CONTRACTING WITH AN AGING WORKFORCE IN WESTERN ECONOMIES: THE CHALLENGE OF GENERATING SOCIAL CAPITAL

By Ernie Stark Ph. D, Lucy Franks Ph. D, Linda Thiede Thomas and Ph. D

Abstract

Many studies have demonstrated that the ability of leaders to accurately assess their own behavior and performance is related to effectiveness. This study investigated what relationship, if any, existed between agreement of leader self-ratings, the ratings of subordinates and conditions believed favorable to subordinates entering into psychological contracts for extra role behaviors. In addition to the influence of demographic characteristics, such variables were deemed important in light of emerging evidence that extra role behaviors of direct reports (behaviors that go beyond formal job descriptions) constitute a form of social capital upon which leaders can draw to accomplish ambitious objectives. An interaction was between increasing subordinate age and the level of agreement between leader self-ratings and subordinate perceptions of leader's trustworthiness and altruism, two conditions believed critical to psychological contracting for extra role behaviors. In light of the fact that workers between 50 and 69 years of age will comprise 34 to 36 percent of the total work force in the US and other Western economies by the year 2008, the implication of this interaction on securing extra role behaviors and enhancing social capital deserves consideration

Topics: With the western workplace becoming increasingly more complex and fluid (Dean
Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.199.4071
Provided by: CiteSeerX
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