Expectancy theory is a motivation theory that suggests individuals are motivated to act in a certain way based on the expected outcomes of their actions. The theory posits that employees are more likely to be motivated and exert effort if they believe that their efforts will lead to desirable performance outcomes, which in turn will result in rewards. This theory emphasizes the importance of individual perception and the relationship between effort, performance, and rewards, linking closely to concepts like base pay and variable pay as well as employee motivation theories.
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