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    Equity Theory Explanation

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    Describe Equity Theory. Use examples from your own experience.

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    Equity Theory is the concept that there should be fair compensation for the effort put into the job. The effort put into the job (or input), is not merely measured in terms of hours spend working, but also includes the employee's tolerance, perseverance, enthusiasm, flexibility, expertise, etc. The compensation (or output) is not merely in terms of salary, but also includes health benefits, retirement benefits, vacation ...

    Solution Summary

    This solution of 282 words defines and describes the Equity Theory in terms of employer and employee relationship. It contains real-life examples to illustrate the theory.