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What is the difference between the Pygmalion and Golem effects?
Compensation
The full quantity of cash and other forms of rewards offered to an employee by their employer as compensation for services rendered.
Straight Commission
A compensation model where an employee's pay is based entirely on the sales they generate, with no base salary.
Profit-sharing Plans
A company program where employees receive a portion of the company's profits, linking compensation to the company's financial performance.
Total Control
A management approach where every aspect of a project, process, or organization is under direct control with no external influences.
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