Employment Relationship

A formal and informal relationship between the employing organization and an employee. The informal element is sometimes referred to as the psychological contract - an undocumented understanding about the nature of employment within the organization. Regarded by neo-classical economists as an exchange of labour for pay, The employment relationship is also a power relationship in which the employer has the formal authority to direct effort towards specific goals, whereas the employee can - informally - frustrate the achievements of those objectives.

See also:

Benchmarking
Best Practice
Employee Analysis
Employee Demand
Centralization
Change
Change Strategy
Competitive Advantage
Comprehensiveness
De-layering
Division of Labour
Divisional Structure
Downsizing
Soft HRM
Soft Planning
Strategic HRM
Talent Management

HRM Textbooks

Human Resource Management, 4th edition
by Alan Price
 Covers all the key aspects of HRM. Available from:
Amazon.co.uk - UK pounds
Amazon.de - Euros
Amazon.fr - Euros
Amazon.it - Euros
Amazon.com - US dollars
Amazon.ca - Can dollars

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Fundamentals of Human Resource Management
 Shortened version of Human Resource Management - concise analysis for non-specialists and one-semester courses.
More information and prices from:
Amazon.co.uk - UK pounds
Amazon.de - Euros
Amazon.fr - Euros
Amazon.it - Euros
Amazon.com - US dollars
Amazon.ca - Can dollars