What are the similarities and differences between equity theory and expectancy theory?
The key difference between expectancy theory and equity theory is that according to expectancy theory, people perform actions in exchange for rewards based on their conscious expectations, but equity theory suggests that people derive job satisfaction by comparing their effort and reward ratio with others.
What is the difference between expectancy theory and goal setting theory?
Expectancy theory specifies the need to tie performance outcomes to rewards which are valued by employees. Goal setting theory lays stress on the need for acceptance by employees of the goals per se, so that motivation is more intrinsically based.
What is equity theory in relationships?
Equity Theory (Walster ’78) is an extension of Social Exchange Theory but argues that rather than simply trying to maximise rewards/minimise loses, couples will experience satisfaction in their relationship if there is an equal ratio of rewards to losses between both the partners: i.e. there is equity/fairness.
What are the basic principles of equity theory?
Equity theory is based on a principle that peoples’ actions and motivations are guided by fairness and that discrepancies in this fairness in the workplace will spur them to try and redress it.
What is expectancy and equity theories?
Expectancy theory holds that individuals seek to maximize their positive outcomes. Equity theory recognizes that individuals are concerned with both the absolute amount of rewards and the relationship of that amount to what others receive. The theory proposes that employees make comparisons.
What are the similarities and differences between the theories of Maslow and Herzberg?
Maslow’s theory is descriptive, whereas the theory propounded by Herzberg is simple and prescriptive. The basis of Maslow’s theory is human needs and their satisfaction. On the other hand, the Herzberg’s theory relies on reward and recognition.
How do expectancy theories differ from the other motivational theories?
Under the Equity theory, if an individual perceived himself to be under-rewarded then he will be motivated to decrease the inequity by decreasing his performance. On the other hand, the Expectancy theory suggests that the individual may increase her performance if he perceives the outcome strongly to be desirable.
How is organizational justice a refinement of equity theory?
7. Demonstrate how organizational justice is a refinement of equity theory. Answer: The equity theory says that employees compare their ratios of outcomes-to-inputs of relevant others and then respond to eliminate any inequities.
Why is equity important in a relationship?
Equity theory studies the distribution of resources between relational partners. According to this theory, relationship equity matters because people seek relationships where there is balance. If they get more than they give, they feel guilty about it. If they give more than they get, they may feel used.
When there is equity in a relationship?
In summary, equity theory suggests that people are more satisfied with a relationship in which there is equal give and take by both parties. This theory proposes that a person’s motivation to stay in any relationship is based on the equality (or inequality) of the contributions made to the relationship by each person.
What is the concepts of equity theory?
Equity theory focuses on determining whether the distribution of resources is fair to both relational partners. It proposes that individuals who perceive themselves as either under-rewarded or over-rewarded will experience distress, and that this distress leads to efforts to restore equity within the relationship.
What does the equity theory explain?
Equity theory is a theory of motivation that suggests that employee motivation at work is driven largely by their sense of fairness. Employees create a mental ledger of the inputs and outcomes of their job and then use this ledger to compare the ratio of their inputs and outputs to others.
What are the principles of equity theory?
Equity theory is based on a principle that peoples’ actions and motivations are guided by fairness and that discrepancies in this fairness in the workplace will spur them to try and redress it. According to Carrell and Dittrich (1978), “employees who perceive inequity will seek to reduce it,…
What is equity motivation theory?
Equity theory focuses on determining whether the distribution of resources is fair to both relational partners. Equity is measured by comparing the ratio of contributions (or costs) and benefits (or rewards) for each person.
What is equity theory in business?
In business. Equity theory has been widely applied to business settings by industrial psychologists to describe the relationship between an employee’s motivation and his or her perception of equitable or inequitable treatment. In a business setting, the relevant dyadic relationship is that between employee and employer.
What is the expectancy theory model?
Expectancy model is the consumer attitude theory which proposes that customers rank products based on product characteristics.