Compensation Data Analyst - Contract
About The Position
We are seeking a Compensation Data Analyst to play a critical role in evaluating and evolving our pay structure. This position will analyze current compensation practices, benchmark against market and industry standards, and help transition from a performance-based model to a competitive hourly pay structure—ensuring we remain both attractive to talent and financially sustainable. This role will partner closely with HR, Operations Excellence, and Recruiting to develop data-driven compensation strategies that support business goals, improve retention, and maintain operational profitability.
Requirements
- High School Diploma required
- Bachelor’s degree in Finance, Human Resources, Data Analytics, or related field
- 2+ years of experience in compensation analysis, workforce analytics, or financial modeling
- Strong experience with: Compensation benchmarking tools and market data
- Excel (advanced), data modeling, and reporting tools
- Translating complex data into actionable insights
- Analytical and highly detail-oriented
- Strong business acumen with ability to balance competitiveness and profitability
- Ability to influence and collaborate across departments
- Clear and confident communication skills
- Problem-solver with a continuous improvement mindset
Nice To Haves
- Experience with incentive-based or productivity-based pay models strongly preferred
- Understanding of labor cost structures, margins, and operational efficiency
Responsibilities
- Evaluate current pay structures, including piece-rate models and performance-based earnings
- Conduct market analysis to benchmark compensation against competitors and industry standards
- Identify gaps, risks, and opportunities in current pay practices
- Lead analytical efforts to support transition to hourly base pay
- Model different compensation scenarios (hourly rates, incentives, productivity adjustments)
- Ensure new structure remains competitive, equitable, and aligned with business margins
- Build financial and workforce models to assess impact of compensation changes
- Analyze productivity, labor cost, and profitability metrics
- Provide actionable insights and recommendations to leadership
- Partner with HR Director on compensation strategy and compliance
- Work with Operations Excellence to align pay with performance, efficiency, and productivity metrics
- Collaborate with Recruiting to ensure pay structures support hiring competitiveness and candidate attraction
- Develop dashboards and reports on compensation trends, labor costs, and ROI
- Present findings and recommendations to leadership in a clear, concise way
- Translate complex data into practical business decisions
- Monitor effectiveness of updated pay structure post-implementation
- Recommend ongoing enhancements to maintain competitiveness and profitability
- Stay current on compensation trends, labor laws, and industry best practices
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
