Wednesday, 11 May 2016

How monetary incentives improve employees performance as technique of cooparate commynication manager MATHIAS ANNETH M BAPRM 42687



       Equity theory (Adam, 1965)
John Stacey Adams, workplace and behavior psychologist put forward his equity theory on job motivation in 1965.he states we each seek a fair balance between what we put into our job and what we get out of it. Adam calls these inputs and outputs. We form perceptions of what constitutes a fair balance or trade of inputs and outputs by comparing our own situation with other referents (reference points of examples) in the market place. We also influenced by colleagues, friends, partners, in establishing these benchmarks and our own responses to them in relation to our own ratio of input to output. People need to feel that there is a fair balance between inputs and outputs.
Inputs are typically;
Effort, loyalty, hard work, commitment, skills, ability, adaptability, flexibility, tolerance, determination, heart and soul, enthusiasm, trust in our boss and superiors, support of colleagues and subordinates and person surface.
Outputs are typically all financial rewards;
Pay salaries, expenses, perks, benefits, pensions, arrangements, bonus and commission plus intangibles recognition, reputation, praise and the risks, interest, responsibility, stimulus travel, training, development, advancement and promotion.
Equity theory suggests that employees’ perceptions of a working situation in terms of how fairly they are treated compared with others influence their levels of motivation; motivation is a consequence of perceived inequity (Adams, 1965). According to equity theory, employees make comparisons. Employees determine their own work outcomes versus the effort or inputs required to achieve the outcomes, and compare these with outcomes and efforts of other employees. If they recognize that their compensation is equal to what others receive for similar inputs, they will believe that their treatment is fair and equitable. Education, experience, effort and ability are the inputs to the job by the employees. Outcomes that employees receive from a job are pay, benefits, promotions and rewards etc. A state of equity refers to the ratio of one person’s outcomes to inputs being equal to the ratio of another’s outcomes to inputs. Inequity takes place when the situation is reverse. For example, when an employee with a high level of education or experience receives the same salary as a new, less educated employee, he/she may perceive it as inequality. Or perceived inequity may occur when an employee thinks that he/she is paid more than other people who contribute the same inputs to the organization. According to a major criticism, equity theory does not precisely characterize mental processes because it assumes that humans make mental lists of outcomes and their likelihood and sum them up systematically.
Adams (1965) pointed out that perceived inequity creates a tension that can motivate individuals to bring equity into balance, in four common ways:
           i.            Altering effort: Individuals may change their level of input to the organization. For example, underpaid individuals may decrease their level of effort or increase their absenteeism. Overpaid individuals may correct the inequity by working harder or getting more education. 
         ii.            Altering outcomes: An underpaid person may request a salary increase, other forms of recognition or a bigger office. A union may try to improve wages and working conditions in order to be consistent with a comparable union whose members are paid higher (Samson and Daft, 2002).
       iii.            Changing how people think about inputs or outcomes: According to research, people may alter perceptions of equity if they are unable to change efforts or outcomes (Samson and Daft, 2002). Thus, individuals may unnaturally increase the status attached to their jobs or distort others’ perceived rewards to ensure equity.
       iv.            Leaving: Individuals who feel they lack equity in the work place may choose to quit their jobs rather than bearing the inequity of being underpaid or overpaid. They may seek balance of equity applying for new jobs. The implication of equity theory for organizations is that, to motivate

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