5. Economics: Salary benchmarking
Keystage: KS4
Subject: Economics
Resource type: Lesson
Skills: Creativity
Click to download the resource (updated 15 January 2025)
The Benchmarking Challenge: In this activity, students step into the role of a Human Resources (HR) Manager at a large pharmaceutical company, PharmacareUK, tasked with attracting the right candidates to vacant job roles. Part of this role looks at undertaking salary benchmarking against similar jobs in the market.
Career Spotlight
Human Resources (HR) Manager
Skills Builder Links
Creativity step 5
I generate ideas by combining different concepts.
Curriculum Table
England: The national curriculum (England) | The role of markets Students must know and understand the role and operation of the labour market, including the determination of wages through supply and demand. |
Scotland: The National 5 Economics | Economics of the market Theory of supply – supply schedules and supply curves. Determinants of supply – Effects of changes in determinants of supply on quantity supplied. |
Wales: WJEC | Currently, there is no WJEC GCSE economics qualification available. WJEC only provides Economics at A-Level. |

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