Compensation Data Analyst - Contract

Description 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. Key Responsibilities Compensation Analysis & Benchmarking 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 Pay Model Transition (Piece-Rate → Hourly) 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 Data Modeling & Insights 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 Cross-Functional Collaboration 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 Reporting & Communication 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 Continuous Improvement 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 Qualifications 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 Experience with incentive-based or productivity-based pay models strongly preferred Understanding of labor cost structures, margins, and operational efficiency Key Skills 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 What Success Looks Like in This Role Successfully develops a competitive hourly compensation model that improves hiring and retention Ensures labor costs remain aligned with operational and financial goals Provides leadership with clear, data-backed recommendations Builds strong partnerships across HR, Operations, and Recruiting #J-18808-Ljbffr