COMPENSATION ANALYST

The Home Depot

22h

About The Position

The Home Depot is seeking a Compensation Analyst to support the design, implementation, and administration of competitive and equitable compensation programs. This role involves partnering with HR Business Partners, Finance, and other stakeholders to provide data-driven insights for pay decisions, market competitiveness, job leveling, and compliance. The Analyst will be crucial in annual compensation cycles and broader compensation initiatives, ensuring alignment with business strategy and regulatory requirements. The Home Depot is the world’s largest home improvement specialty retailer, operating over 2,200 retail stores across North America, focused on helping customers with their home and business improvement projects.

Requirements

Bachelor’s degree in Human Resources, Business Administration, Finance, Economics, or a related field.
3–4 years of experience in compensation, HR analytics, or a related function.
Strong analytical and quantitative skills with advanced Excel capabilities.
Ability to translate data into clear insights and recommendations.
High attention to detail and strong data integrity discipline.
Ability to manage multiple priorities and meet deadlines.
Strong communication skills with the ability to explain compensation concepts clearly.
Collaborative mindset with a customer-focused approach.

Nice To Haves

Experience working with market survey data and job evaluation is preferred.
Experience working with HRIS platforms (e.g., Workday) an asset.

Responsibilities

Support the administration of annual compensation cycles (e.g., merit, variable pay, salary structure updates).
Assist in the development, maintenance, and governance of salary structures and pay ranges aligned with market data and internal equity.
Analyze compensation data to identify trends, risks, and opportunities related to pay competitiveness, compression, and fairness.
Support compensation projects and that impact the Division.
Conduct market pricing using reputable survey sources
Support job evaluations and job leveling activities using established methodologies.
Partner with HR Business Partners on job reviews, role changes, and structure impacts.
Prepare compensation analyses to support decision-making.
Respond to ad hoc data requests related to pay, incentives, recognition.
Ensure data integrity and accuracy within Workday and compensation tools.
Support compliance with applicable pay equity and pay transparency legislation.
Assist with internal audits, documentation, and controls related to compensation practices.
Contribute to the development of policies, guidelines, and manager tools.
Act as a trusted partner to HR Business Partners by providing clear, concise compensation guidance.
Support manager inquiries related to pay decisions, offers, and internal movement.
Contribute to cross-functional compensation projects and process improvements