Definition(s):

The loyalty that was inherent to the contract of the 1960s and prior is significantly diminished in the revised psychological contract. Employers view employees as “free agents responsible for their own employability” (Families and Work Institute, 2004, p. 10). Employees now assume an active role in monitoring their own learning, skill, and career development. As noted by Daniel Pink in his book Free Agent Nation, “the free agent gives talent in exchange for opportunity” (p. 100.) In an effort to build a resume that will make them widely hirable and sought-after, younger generation members are likely to change jobs more frequently than previous generations. They recognize that each job adds to their personal repertoire of experiences, skills, and knowledge.” (Paine)

Paine, J.W. (2006). Cross-Generational Issues in Organizations, A Sloan Work and Family Encyclopedia Entry. Retrieved March 5, 2007, from the Sloan Work and Family Research Network web site: http://wfnetwork.bc.edu/encyclopedia_entry.php?id=4156&area=academics.