What is equity theory in a workplace?
The equity theory of motivation is the idea that what an individual receives for their work has a direct effect on their motivation. When applied to the workplace, it means an individual will generally aim to create a balance between what they give to the organization compared to what they get in return.
What is diversity equity and inclusion in the workplace?
When we treat everyone equally, we treat everyone the same, but when we treat everyone equitably, we focus on individualistic needs. In a diverse workplace, differences exist, and people require support in different ways. Equity asks us to acknowledge that everyone has different needs, experiences, and opportunities.
What is the advantage of diversity?
Diverse cultural perspectives can inspire creativity and drive innovation. Local market knowledge and insight makes a business more competitive and profitable. Cultural sensitivity, insight, and local knowledge means higher quality, targeted marketing.
How do you promote equity in the workplace?
To help, we have produced seven best practice tips for promoting equality and combating workplace discrimination.
- Identify & prevent unconscious bias.
- Put equality policies in place.
- Mind your language.
- Use objective criteria.
- Be proactive.
- Get advice if needed.
- Watch out for indirect discrimination.
How do you deal with inequity at work?
Depending on the severity, inequities can often be remedied with open and honest communication. This can include providing disgruntled employees with written company policies, such as the employee handbook, and offering to discuss any instances of perceived unfair treatment.
What does equity look like in the workplace?
Equity in a workplace means everyone receives fair treatment. There’s a transparency to cause and effect, and everyone knows what to expect in terms of consequences and rewards. When equity exists, people have equal access to opportunities. It sets up an advantageous environment for both the employees and the employer.
Why is diversity good in the workplace?
A diverse workforce is more likely to understand your customers’ needs and come up with ideas to fulfill them. Diversity in the workplace will also increase employee morale and instill a desire to be more effective and work more efficiently. This will greatly increase the productivity of your business.