Equity Theory
The Equity Theory that was developed by Adams and is “concerned with defining and measuring the relational satisfaction of employees”. It is based on the perception of equity in their workplace. It states that people are motivated by “fairness and that discrepancies in this fairness in the workplace” (What is Equity Theory?, 2013) will result in them trying to fix it.
Expectancy Theory
Vroom's Expectancy Theory "assumes that behavior results from conscious choices among alternatives whose purpose it is to maximize pleasure and minimize pain" (Vroom's expectancy theory). In essence, it says that people make decisions to reduce the amount of pain and gain the most pleasure they can. This theory has three factors that make it up, expectancy, instrumentality and valence, which when multiplied together results in Motivational Force.
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| (Redmond) |
Expectancy - "refers to emotional orientations which people hold with respect to outcomes"
Instrumentality - "refers to employees’ different expectations and levels of confidence about what they are capable of doing"
Valence - "refers to the perception of employees whether they will actually receive what they desire" (Redmond)
Conclusion
These theories, while not as famous as other ones were theorized to motivate workers, and find the best way to get employees to be motivated in their work to help achieve organizational goals.
References
Redmond, B. (n.d.). 4. Expectancy Theory. Retrieved March 28, 2015, from https://wikispaces.psu.edu/display/psych484/4. expectancy theory
Theories of Motivation. (n.d.). Retrieved March 28, 2015, from http://www.analytictech.com/mb021/motivation.htm
Vroom's expectancy theory. (n.d.). Retrieved March 28, 2015, from http://www.ifm.eng.cam.ac.uk/research/dstools/vrooms-expectancy-theory/
What is Equity Theory? (2013, July 25). Retrieved March 28, 2015, from http://www.hrzone.com/hr-glossary/what-is-equity-theory
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