response to both discussions below regarding the following case:You are a compensation analyst for Worry-Not Insurance Company, which is located in Hartford, Connecticut. Define the relevant labor market for insurance claims adjusters and for data entry clerks, explaining the rationale for your definitions.

1LW.) Relevant labor markets represent the fields of potentially qualified job candidates and are defined based on job classification, geographical location, and product or service market competitors (Martocchio, 2020). The role of an insurance claim adjuster is to investigate, evaluate, and settle insurance claims. They decide whether an insurance company must pay a claim and if so, how much. Skills needed to be a successful insurance claim adjuster include knowledge of insurance policies, legal terminology, experience in technology, ability to analyze data, and possess great communication skills (US Labor Statistics, 2024). The relevant labor market for claim adjusters in the Hartford, Connecticut area include other insurance companies. Insurance companies in

Connecticut include health insurance companies like Aetna, auto and home insurance companies like Allstate, and dental and vision insurance companies like MetLife. Adjusters looking to move to Hartford would find plenty of opportunities available to them and it well known to have more than 150 insurance companies located in that Region and benefits from the most Fortune 500 companies per capita in the Nation (CT IFS, 2024).
Data entry clerks gather data and capture the information into databases. In can also include gathering information from different sources, entering in various databases, and storing hard copies of the information. They are also responsible for correcting errors and organization data in a manner that will optimize capture and retrieval (Peters, 2021). Opportunities for data entry clerks in Hartford will also be vast. Not only for data entry jobs that work within insurance companies, but data entry could be in payroll processing, accounting, procurement services, and many other various organizations that are part of the Fortune 500 companies that are located in Hartford. For the insurance claim adjuster role, it requires more specialized experience to complete the job accurately, while the data entry role has opportunities across different markets and can be specific to one area of data entry. For either job, Worry-Not Insurance Company should use the information available from labor markets to help them assess how many employees they need, the