Data Analyst - Contract

Posted 3 hours ago USD 30.00 - 35.00 / hour
The Home Depot
24945

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

Apply End Date: 2026-12-31
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