A Review of Career Success and Career Wellbeing Through the Lens of the Psychological Contract

Abstract

This chapter’s objective is to explore the dynamic theoretical relationship between career success and career wellbeing through the lens of the psychological contract theory. The chapter opens by introducing several contextual (environmental) factors that influence the evolution, management and perception of the modern career. Then, for an understanding of the way the modern career is conceptualised, a number of associated theories are presented. Psychological contract theory in particular is discussed in terms of how the relationship dynamics between employers and employees have changed within the context of the modern career. This is followed by an exploration of the concept of career success. Career wellbeing is subsequently introduced and the theoretical relationship dynamics between career success and career wellbeing are discussed. A theoretical model which explores the theoretical relationship dynamics between career success and career wellbeing as studied through the theoretical lens of the psychological contract theory is presented. Finally, some practical implications for career wellbeing are indicated and suggestions for research are made.