5.04 Equal Effort is a principle of labor relations that states that employees should make a reasonable effort to perform their jobs in order to ensure the organization’s success. The concept of 5.04 Equal Effort is based on the idea that employees should be held to the same standards in order to ensure fairness and equal opportunity. This principle is typically applied to collective bargaining agreements and labor contracts. It is also a key component of the Fair Labor Standards Act. Additionally, there are three main types of 5.04 Equal Effort: equal work effort, equal time spent on the job, and equal productivity. Equal work effort requires that employees make a reasonable effort to perform their job. Equal time spent on the job requires that employees spend an equal amount of time on the job. And finally, equal productivity requires that employees produce the same amount of work in the same amount of time.