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 EconomicsEconomics 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: WJECCurrently, there is no WJEC GCSE economics qualification available. WJEC only provides Economics at A-Level.

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