Definition Of Equity Theory
Equity theory focuses on determining whether the distribution of resources is fair to both relational partners.
Definition of equity theory. Equity theory is a concept where people want the ratio of their outcomes to be nearly equivalent to the ratio of a referent person or a group. The primary variable is the equalization. 1 how rewarding are their societal family and work relationships. See external inequity internal.
It can be used in personal life government or business. Psychology definition of equity theory. It is centered around a cost benefit analysis of any given relationship. A theory of justice dealing with the fair return from activities we do.
Equity theory popularly known as adam s equity theory aims to strike a balance between an employee s input and output in a workplace if the employee is able to find his or her right balance it would lead to a more productive relationship with the management. Adams equity theory is concerned with defining and measuring the relational satisfaction of employees. Considered one of the justice theories equity theory was first developed in 1963 by john stacey adams a workplace and behavioral psychologist who asserted that employees seek to maintain equity between the inputs. It the ratio is not equal then emotional responses will occur that will result in the restoration of equity by itself.
2 how fair and equitable are those relationships. John stacey adams suggests that the higher an individual s perception of equity the more motivated they will be and. Equity is measured by comparing the ratio of contributions or costs and benefits or rewards for each person. Stacy adams a workplace and behavioral psychologist who asserted that.
Equity theory is a concept of human relations based on utility or the amount of happiness and satisfaction one gets out of any given relationship. Information and translations of equity theory in the most comprehensive dictionary definitions resource on the web. Output is related to the input into the activity. Meaning of equity theory.
According to equity theory people feel most comfortable when they are getting exactly what they deserve from their. Equity theory is based in the idea that individuals are motivated by fairness. Equity theory posits that when it comes to relationships two concerns stand out. Equity theory definition first developed in the early 1960s by behavioural psychologist john s.
Considered one of the justice theories equity theory was first developed in the 1960s by j.