Question: Discussion Board Activity #8 Discussion topic: 1. Pick ONE POSITION (e.g., Cashier at Shoprite) 2. Research the Market Pay for your chosen position 3. Factor

Discussion Board Activity #8 Discussion topic: 1. Pick ONE POSITION (e.g., Cashier at Shoprite) 2. Research the Market Pay for your chosen position 3. Factor COVID-19 outbreak into your pay structure 4. Decide the Fair Market Pay for your position 5. Explain why you think that is the Fair Market Pay Hint: Please refer to the next slide for information on how to assess Market Pay for your chosen position Economic Influences on Pay - Gathering Information about Market Pay - Benchmarking - A procedure where an organization compares its own practices against those of successful competitors... Pay surveys Trade and industry groups Professional groups Bureau of Labor Statistics (BLS) Society for Human Resource Management (SHRM) . WorldatWork

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