what is the concept of equity theory and the role of social comparison at workplace? What are the managerial implications of equity theory?
what is the concept of equity theory and the role of social comparison at workplace? What are the managerial implications of equity theory?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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what is the concept of equity theory and the role of social comparison at
workplace?
What are the managerial implications of equity theory?
Expert Solution
Introduction
Equity theory helps in determining how satisfied and motivated an employee is at the workplace with their respective jobs. The essence of equity theory is the principle of equity or balance.
The motivation level of employees is correlated with the fairness and justice practiced in the organization by the managers. The higher the level of equity and justice, the higher will be the employee motivation level and vice-versa.
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