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What is meant by the ‘equity theory’ of motivation?

What is meant by the ‘equity theory’ of motivation?

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Kavungya
Equity theory focuses on the feelings of the individual and how fairly they feel they have been treated in comparison with treatment received by others. It is sometimes referred to as exchange theory; individuals expect certain outcomes in exchange for certain efforts and contribution to the organization. When an individual perceives that his or her efforts are equal to others and the rewards are the same, then equity exists. If the perception is that the efforts and rewards of one person are unequal to others, then there is inequity.
Kavungya answered the question on May 2, 2021 at 19:04

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