1
Explanation
Company P ensures that the employees may extract the most out of the benefits it provides. The advantages may be as follows:

This may enable the company to establish better relations with the employees by encouraging them. So, this may help reduce employee turnover.
The company may also be able to maintain its goodwill by generating a healthy, positive, and happy work environment with satisfied and secured employees.
Sample Response
The advantages derived from the efforts of Company P leading to employee empowerment may be as follows:

This helps make better employee relationships and retain them.
This may help create an ethical environment in the organization.

2
Explanation
Organization P ensures that it adheres to the principles of a new psychological contract, wherein employers and employees meet the expectations of each other.

The principle can be seen in case from the following:

By satisfying the financial requirements and expectations of the employees, the company ensures to follow the principles of psychological agreement.
By focusing on providing benefits to employees and staying with the word, the company succeeds in building good relations with the employees for the long term.
By offering schemes related to savings for retirement and providing guidance on the same, the company ensures that the employees are taken care of.
Sample Response
The principles under the new psychological contract have been applied by Company P in the following ways:

Company P caters to and responds to the financial needs and expectations of employees.
It stays committed to working on schemes that are for the benefit of the employees.
The company offers retirement savings plans to ensure the safety of employees.