DescriptionWe 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
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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
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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
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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
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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
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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
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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