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An important role in the performance of cross-functional teams is:
Minimum Wage
The lowest legal hourly pay that employers can compensate workers, set by government law.
Pay Grade
A step or level within an organization’s pay structure that defines the pay scale for job positions according to their responsibility, skill level, and job characteristics.
Pay Structure
The organization of different levels of pay for different jobs within a company, reflecting factors such as skill, seniority, and performance.
Pay Scale Overlaps
Refers to situations where the salary ranges for different positions within an organization overlap, allowing for potential discrepancies in pay for roles of differing responsibilities.
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