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Equity: the battle cry of childhood – It’s not fair – tends to follow us throughout life. Can it affect job satisfaction? Let’s take a look at how fairness, or the lack thereof, plays itself out in the work place. Get ready for a little math. Math? In psychology? You’ll see.
Equity Theory
- Inputs: the things that you bring to the job such as your degree, your experience, your talents and skills, even your personality in some cases.
- Outputs: what you get from your job such as the pay, the benefits package, bonus, the size of your office, prestige, etc.
Equity also operates in our personal relationships. Have you ever felt that you are doing a lot for one of your friends, but that friend isn’t doing much for you? How long does that friendship last?
- Inputs: time you spend with your friend, time you spend listening to your friend’s problems, money you loan to your friend, favors you do for your friend.
- Outcomes: amount of time your friend listens to your problems, willingness of your friend to loan you money, favors you get from your friend, prestige you get from hanging around with this friend
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