Question: Stephen has been working for FastTrack Logistics for ten years and he has observed the transformation initiatives with some concern. He is worried that there

Stephen has been working for FastTrack Logistics for ten years and he has observed the transformation initiatives with some concern. He is worried that there will be no future promotion and career development opportunities for him as a white male. He raises these concerns with his supervisor and is assured that the companys transformation initiatives will not compromise its commitment to supporting its employees. His supervisor indicates that the company will continue to offer promotion and career development opportunities for all deserving employees. Stephen feels better knowing that his loyalty and hard work will not go unrecognised. The assurance that Stephen received from his supervisor and his expectations about future promotion and career advancement opportunities reflect a specific type of informal contract. Identify this type of contract (1 mark) and briefly explain what it entails

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