Employment Preference and Expectations Regarding Employment Relationship of South Korean and EU Business Students

Zupan, Nada, Dziewanowska, Katarzyna, Pearce, Alison, Cho, Seong-Do and Hwang, Lorne (2016) Employment Preference and Expectations Regarding Employment Relationship of South Korean and EU Business Students. In: Proceedings of the 2016 International Conference on Social Collaboration and Shared Values in Business. Chonnam national university, Gwangju, Korea, pp. 45-54.

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Abstract

The psychological contract perspective is adopted to explore the employment expectations of business students in Poland, Slovenia, UK and South Korea. The main findings show some significant differences among the students regarding their preferred employment. For example, the South Korean students prefer larger and public companies. Overall, the students expect more relational and balanced dimensions of a psychological contract than transactional ones. However, there are significant differences in the elements, dimensions and types of psychological contract between the countries. The Polish and Slovenian responses show more elements of a transactional contract than the UK and Korean. The level of trust is important for building the expectations of a relational psychological contract, and the levels of trust differ by country and according to prior working experience. The implications of results for talent management, internships and education systems are also discussed.

We adopt the psychological contract perspective in exploring employment expectations. The psychological contract is seen as an important framework for understanding the employment relationship and thus helping organizations to design effective human resource management systems to attract, manage and retain talent.

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