Any inequities in the relationship will be corrected as soon as they are detected. The only variable that you can manipulate is your input. So if you believe that the relationship is not in balance and that the ratio of your inputs to outputs is greater than the ratio of the comparisons, you will work to bring the relationship back into equity by reducing your inputs – increasing your absenteeism or performing at lower levels.
You can correct inequities in a number of ways. You can make the correction by changing the perception of the inputs or outputs. You may somehow rationalize your perception of the inequity. You may choose to change the comparison person or standard. Or, you may remove yourself from the situation (such as quitting your job).
Expectancy Theory
Developed by Victor Vroom in the 1960s, Expectancy Theory proceeds from the assumption that behavior is based upon the expectation that this behavior will lead to a specific reward and that reward is valued.
According to expectancy theory, you must decide how hard you have to work to get an upcoming promotion. Then you must decide if you can work at that level (to get that promotion). The third link is deciding how much you value that reward (the promotion).
All three pieces of this equation determine your motivational level. You think of expectancy as the following equation:
where
You must be clear about telling your employees what is expected of them. It is critical that you tie rewards to specific performance. You must also offer rewards that your employees will value. Critical in this process is the employee’s perception of his or her performance. Employees will become demotivated when their performance does not produce the valued outcome.
You must be especially careful about building trust. Your employees must know that if they perform at the required level, you will follow through with the desired reward. Your credibility becomes a key component in this theory.
Source: www.accel-team.com
Essential Vocabulary
1. performance
perform
2. driver
drive
3. job
4. opportunity
5. downsizing
6. employee
employer
employment
unemployment
unemployed
employ
7. workforce
8. command-and-controlmethods
– командно-административные методы9. environment
10. empowerment
11. team
12. reward
reward
13. diversity
diverse
14. comprehensive
15. development
develop
16. remuneration
remunerate
17. bonus
18. medicalinsurance
– медицинское страхование19. sickleave
– бюллетень20. adherence (to)
adhere (to)
21. occupationalsafety
– производственная безопасность22. jobsecurity
– надежная занятость23. stockpurchaseplans
– поощрительные планы покупки акций компании ее сотрудниками по льготной цене24. savingsplans
– планы сбережений25. profit-sharingprograms
– программы участия в прибылях26. outplacementservices
– услуги по трудоустройству (помощь только что покинувшему компанию сотруднику в поиске новой работы)27. redundancy
redundant