Yet it is not alone: the German weather services also have to compete with other providers in Europe. EU-wide tenders are already being held for certain meterological services designed to ensure safe air travel. The providers of these services therefore have to attract clients by offering top quality and service and competitive prices.
In Indian financial sector, in the pre-reforms days, employment bonding, especially in the public sector, worked on what was termed the “psychological contract” or the “loyalty contract” wherein long-term employment was co-terminus with employee loyalty. This, in today’s world, has been seriously undermined, spurred not in the least by a spurt in job opportunities.