Theoretical Framework Of Social Exchange Theory

Theoretical Framework
Social Exchange Theory (Set)
The Social Exchange Theory (SET) refers to the human relationship and social behavior that are rooted in an exchange process. Social exchange theory (SET), intended to explain the social change and stability as a process of negotiated exchanges between employee and employer. But in any relationship, people and the employee always weigh the risks and rewards. The set is the most influential conceptual paradigms in the organizational behavior and this theory makes perfect sense to all employees because most of the employee spend their lives at their jobs and for them, work means give and take. Through this theory, even everything that is negative about to their job, the benefits or rewards will

Compensation can be classified into two: the basic pay and the auxiliary payaccording to Baptiste (as cited in Li, 2013). The basic pay is the salary/income given to employees, which is dependent on labor’s skills, work experiences, labor intensity, responsibility, fields, work years, and diploma, etc. while under the auxiliary are the allowances, bonuses, free working meals and such (Baptiste, n.d.). The income given by the employers is also proportioned on the productivity, effectiveness and efficiency, capacity and knowledge of the employees (Z. Li,

50,000.]
(iv) any sum paid by the employer in respect of any obligation which, but for such payment, would have been payable by the assessee;
(v) any sum payable by the employer, whether directly or through a fund, other than a recognised provident fund or an approved superannuation fund [or a Deposit-linked
Insurance Fund established under section 3G of the Coal Mines Provident Fund and
Miscellaneous Provisions Act, 1948 (46 of 1948), or, as the case may be, section 6C of the Employees ' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of
1952)], to effect an assurance on the life of the assessee or to effect a contract for