Discuss below in a 310 words each:
1. Explain the job evaluation process and the two types of job evaluation techniques compensation professionals employ.
2. 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. Describe the rationale for your definitions.
3. Describe the various types of retirement plans in existence today. What factors about these plans should be considered before choosing a particular one?
4. How have employees, employers, unions, and the government affected compensation practices?