Which statement is true of a psychological contract? In the traditional version of the psychological contract, organizations expected employees to take more responsibility for their own careers, from seeking training to balancing work and family. A psychological contract describes spoken expectations that are widely held by employers and employees. In the new version of the psychological contract, organizations manage the career paths for their employees. A psychological contract is not formally put into words. A psychological contract is a display of how the company is performing on specific HR metrics, such as productivity and absenteeism