Motivation is the theoretical concept, which attempts to explain human behavior. This is a vast area of study in human resources management.
Key Difference – Expectancy Theory and Equity Theory
There has been extensive research in this field and many different theories of which expectancy theory and equity theory are two examples. 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.
Vroom developed the Expectancy Theory vs Equity Theory theory in As the name implies, this theory reflects on the employees expectations at the workplace, which is reliant on employee inputs and rewards. This does not provide exact suggestions on how to motivate employees but provides a process framework where cognitive variables that reflect https://amazonia.fiocruz.br/scdp/essay/calculus-on-manifolds-amazon/analysis-of-the-movie-copycat.php differences in work motivation.
In simpler terms employees believe, that there is a relationship between the effort they put at work, the results they achieve from that effort and the rewards for the results obtained. If all these are positive on the scale, the employees can be considered highly motivated. Expectancy theory is based on found assumptions as per Vroom These assumptions are:. Assumption No. These expectations will be about their needs, motivations, and experiences. These will determine how they behave and react to the chosen organization. Expectancy Theory vs Equity Theory are free to choose their behaviors based on their expectations. Some may want a good salary, some may want job security, some may prefer career advancement, etc.
Based on these assumptions of workplace behavior of an employee, three elements are important. These are expectancy, instrumentality, and valence. Expectancy is the belief that effort will lead to acceptable performance. Instrumentality refers to the performance reward. Valence is the value of the reward to the satisfaction of employee.
All three factors are given numbers from 0 — 1. Zero is the least and 1 is the highest. Both are extreme ends.
Usually, the numbers will vary in between. After giving numbers individually to all three, it will be multiplied Expectancy x Instrumentality x Valence. The higher the number, the higher probability employees are highly motivated.
While, Theiry the number, they are less motivated or dissatisfied with work. What is Equity Theory? Adams proposed the equity theory in Equity theory proposes that employees who perceive themselves as over-rewarded or under-rewarded will experience distress.
This distress persuades them to restore equity at the workplace.
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Equity theory has elements of exchange input and outputdissonance lack of agreement and social comparison in predicting individual behavior in relation to others. The comparison function is featured strongly on equity theory. Adams indicates that all Expectancy Theory vs Equity Theory put efforts and collect rewards from employment. The effort is not only limited to working hours while the rewards are not only salary, which is quite logical. The strong feature that we discuss equity theory is comparison and sense of fair treatment among other staff. This fair treatment determines the level of motivation along with the effort and rewards.
The effort and reward ratio is the factor, which is usually compared Expechancy employees between each other to determine the fair treatment.]
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