Discuss the concept of social exchange as it relates to the employment relationship. How does this...

Discuss the concept of social exchange as it relates to the employment relationship. How does this concept apply to employee-benefits practices?

Expert Solution

Social exchange signifies that people tend to adopt the benefits and subtract the costs to determine the employment relationship's worth. A positive employment relationship indicates that benefits have outweighed the cost. On the contrary, a negative employment relationship occurs when the cost is more than the benefits. For example,- when employers get maximum productivity from minimum investment in employment, it creates a positive employment relationship. Here, employers often provide various additional rewards and remuneration to employees as a token of performance appreciation.

The concept of social exchange can be applied to employee benefits practices through the following ways:

• A proper application of social exchange theory develops the employer-employee relationship that boosts the employees' productivity.

• Social exchange theory encourages employers to recognize the performance standard of employees.

• The theory influences the leaders to create an organizational environment for employees that worth working.

• An application of the theory reduces the possibilities of employee slacking.

keosha answered 1 year ago

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