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Equity theory has been widely applied to business settings by industrial psychologists to describe the relationship between an employee's motivation and his or her perception of equitable or inequitable treatment. [citation needed] In a business setting, the relevant dyadic relationship is that between employee and employer.
Both equality concepts say that it is unfair and inefficient if extraneous factors rule people's lives. Both accept as fair inequality based on relevant, meritocratic factors. They differ in the scope of the methods used to promote them. The difference between the two equality concepts is also referred to as Dilemma of Difference. [39]
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
You might see the terms “equality” and “equity” used interchangeably, especially around conversations promoting fairness when it comes to human rights issues (like gender, race, sexual ...
Maybe you've interchanged the words "equity" and "equality" in conversation—but they don't, in fact, mean the same thing. The post Equality vs. Equity: What’s the Difference? appeared first on ...
Distributive justice may involve one or more of three different rationales for how resources are distributed: equity, equality and need. Equity focuses more on rewarding employees based on their contribution, and thus can be viewed as capitalist justice: the ratio of one's inputs to one's outcomes.
The National Academy of Public Administration defines social equity as “The fair, just and equitable management of all institutions serving the public directly or by contract; the fair, just and equitable distribution of public services and implementation of public policy; and the commitment to promote fairness, justice, and equity in the ...
We all know that we live in a diverse world, that is naturally a given; we are all different.