EQUITY PREFERENCE, INPUTS TO SOCIAL EXCHANGE AND JOB SATISFACTION IN AN ACADEMIC INSTITUTION
PUBLISHED IN AD SAPIENTIAM VOLUME XI 2018, COPYRIGHT: ISSN 2012-290X
PAOLO G. HILADO
ABSTRACT
The study focused on equity preference, inputs to social exchange and job satisfaction in the context of an academic institution. It has been conducted considering the scarcity of studies within the locale that may be used as basis on how to improve job satisfaction with attention to employees’ equity preference. It presents the profile of the participants in terms of the aforementioned variables, explored on the probable existence of significant associations, confirmed whether observations can be inferred of the population and ascertained whether equity preference predicts inputs to social exchange and job satisfaction. Exploratory analysis among fifty-three samples revealed that benevolence is the dominant equity preference, inputs to social exchange is very high, there is no dissatisfaction as to hygiene factors and there is satisfaction in terms of motivating factors. A significant relationship between equity preference and inputs to social exchange is observed to be directly proportional with moderate strength. The benevolent also tends to have higher median compared to the equity sensitive. Linear regression analysis also shows that equity preference is a significant predictor of inputs to social exchange whereby a point increase in the former is expected to have a specified increase in the latter. Given these findings, organizations may introduce profiling of applicants’ equity preference in the recruitment process as it is likely to contribute to organizational productivity. Furthermore, decisions to improve satisfaction of employees should be based on the results of a valid and reliable instrument that measures job satisfaction.
Keywords: equity preference; job satisfaction; social exchange