Work Motivation Assignment
Describe the Equity Theory.
Equity theory is a theory regarding the fairness and justice of material allocation between individuals. It is where workers believe they are being rewarded accordingly or not. If he or she is over or under awarded, a notion of anguish is created. In the end, further efforts must be committed to restore appropriate worth. The theory is basically about whether or not both parties are receiving proper and just shares of deserved resources. The value of equity is determined by measuring the amount of aid and contribution between each party. However, the former does not mean fiscal or emotional, and the latter excludes investment in time and effort. The balance in the equity theory and between the two parties means as long as they both exert similar efforts, a balanced ratio has been achieved. The theory suggests and predicts that a worker or individual's incentive is predicated on what he or she perceives to be just in comparison to say other workers. In a work place, the equity theory is based upon compensation, or known as the exchange relationship.
2. Identify its strengths and weaknesses.
The strengths of the equity theory are that the research components are efficient, effective, and applicable since it is supported by research studies over the years so the theory is reliable and valid. Furthermore, the theory accurately predicts behavior, is pragmatic and sensical, and fits in with other theories like the expectancy theory. The theory can be used in the workplace when evaluating an employee's motivation and comprehending their behaviors. The weaknesses of the theory is it lacks detail into certain factors, for example, the theory will offer various ways to restore equity but does not suggest which option he or she will choose. As well, the research suggests mixed empirical support and limitations since...
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