Contributor: Michael Wellin

Michael Wellin is a Chartered Psychologist and director of Business Transformation Ltd, consultants in organisation change and team effectiveness. He works with organisations such as Arup, Ernst & Young, National Autistic Society, Royal Mail. In 2007 Michael published a book 'Managing the Psychological Contract' with Gower Publishing, which expands on many of the ideas in this article.

Gower Publishing is offering CEO readers Michael's book with a 25% discount online at www.gowerpub.com. Usually £55 quote GW8BD/25% when ordering and you will be invoiced at £41.25 (valid until end July 2008).