Studies have demonstrated that, when individuals perceive that compensation and reward systems are equitable, they have greater levels of job satisfaction and are willing to commit to organisational objectives. Discuss ‘Equity theory’ and its importance to get high level of satisfaction of employees
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Studies have demonstrated that, when individuals perceive that compensation and reward
systems are equitable, they have greater levels of job satisfaction and are willing to commit to
organisational objectives.
Discuss ‘Equity theory’ and its importance to get high level of satisfaction of employees
Step by step
Solved in 3 steps
- An employee incentive program can help organizations improve their productivity, reduce their production costs and reduce employee retention. It can also build employee engagement and encourage teamwork. In addition, it can boost the morale of their workers. Describe and discuss TWO (2) types of pay (incentive) for individual performance and TWO (2) types of pay (incentive) for group performance.Identify the major bases of reward distribution. How does money influence employee motivation? Discuss the relative merits of individual and group incentive programs. Describe the benefits and drawbacks of several of the new approaches to reward systems. Which ones do you feel would be most effective in work organizations?Employees come into organizations with different needs, personalities, skills, abilities, interests,and aptitudes. They have different expectations of their employers and different views of what they think their employer has a right to expect of them. And they vary widely in what they want from their jobs. Using one of the contemporary theories of motivation, explain how it applies to this case.
- Xavier earns less than Patricia, but he believes that she works harder than he does so he's okay with the difference in pay. This demonstrates the concept of equity theory. True OR False1: similarities and differences between Vrooms's expectancy theory of motivation and Adam's equity theory of motivation 2: similarities between Vrooms's expectancy theory of motivation and Locke and Latham's goal setting theory 3: similarities and differences among Vrooms's expectancy theory of motivation, Locke and Latham's goal setting theory , and Skinners' reinforcement theory.Motivation theories include theory of needs, hygiene motivator theory, expectancy theory, equity theory, and goal-setting theory. How would you explain each and show how they would contribute or how they can be integrated within a performance management plan. Thank you.
- Discuss,, how can the equity theory help managers understand and enhance employee motivation?Each historical perspective on motivation built on the earlier perspectives and differed from them in some ways. Describe the similarities and differences between the traditional approach and the human relations approach. Then describe the similarities and differences between the human relations approach and the human resource approach. Explain how goal-setting theory works.enumerate... Under what conditions, employee participation in pay -related decisions can contribute to the success of an incentive pay plan?
- What four contemporary theories on employee motivation offer insights into improving employee performance? whichcontemporary theory would you use for that company and why? Support your decisions.Questions What is Motivation? Explain the motivational problem in this case. Which motivation theory you would like to apply in this case? If you were the manager, how would you motivate the employees so that they work better? What would be your response to Banarjee’s statement, if you were the Personnel Manager of the Company? If you were the manager, how would you motivate the employees so that they work better?Mangement True or False : The Theory X and Theory Y concepts, proposed by Douglas McGregor,describe two contrasting assumptions about human nature and employee motivation in the workplace