Payroll & Benefits Manager Salary
Commissions comprise a big part of overall income for Payroll & Benefits Managers. The median take-home amount in this area is around $62K, and on average, roughly a third of that final number comes from commissions. In the world of Payroll & Benefits Managers, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $11K from profit sharing, causing incomes to vary widely between $41K and $91K. Residence and tenure each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Most Payroll & Benefits Managers like their work and job satisfaction is high. This overview is based on answers to PayScale's salary questionnaire.
|Salary||$45,043 - $85,908|
|Bonus||$503 - $10,030|
|Profit Sharing||$421.00 - $11,250|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$40,720 - $90,568|
|Hourly Rate||$15.09 - $27.50|
|Overtime||$24.43 - $49.51|
|Bonus||$503 - $10,030|
|Profit Sharing||$421.00 - $11,250|
|Total Pay (||$40,720 - $90,568|
Job Description for Payroll & Benefits Manager
Payroll and benefits managers are responsible for creating and distributing information about payroll, benefits, and other employee-related programs for their organization. They are in charge of facilitating benefits and compensation programs for employees. These managers produce program information, create materials to promote payroll incentives, and schedule and participate in training sessions for new payroll and benefits programs. Payroll and benefits managers attend company meetings to report their progress to executives and use a personal computer to track their progress, keep accurate records, and communicate with internal staff and external partners. They also process payroll and benefits requests after reviewing program requirements.Read More...
Other tasks performed by payroll and benefits managers include overseeing completion of tasks delegated to other departmental staff members, track the approval of salary adjustments and reimbursement claims, and manage employee benefits and eligibility. They calculate contractor and overtime pay based on employee qualifications and other company policies, as well as reconcile payroll statements. Payroll and benefits managers also respond to employee inquiries for vacation and other paid time off. In addition, they handle personnel files and prepare reports. Payroll and benefits managers review unemployment forms, investigate worker issues as they arise, handle employment verification tasks, and help other human resources staff managers to process termination paperwork. In all tasks, these managers must follow all relevant laws and company policies.
A bachelor's degree in human resources, accounting, or a similar field is required for this position. Previous experience in a managerial capacity is necessary as well. Leadership and industry certifications may be preferred. Payroll and benefits managers should have strong communication skills to interact with a variety of employees and accomodate their needs regarding benefits initiatives. They must pay strong attention to detail and be able to multitask as well.
Payroll & Benefits Manager Tasks
- Supervise processing of employee payroll and distribution of paychecks.
- Oversee employee education about company benefits and enrollment in programs.
- Conduct audits of tax forms, payroll balance sheets, and benefits.
- Maintain and update payroll database system.
- Input new employees into payroll database and keep employee information up to date.
Common Career Paths for Payroll & Benefits Manager
As Payroll & Benefits Managers transition into upper-level roles such as Senior Human Resources Manager, they may see a strong upturn in salary. Senior Human Resources Managers earn $85K on average per year. Payroll & Benefits Managers go on to become Human Resources Managers more often than anything even though median pay for the role is $59K. Payroll & Benefits Managers who move into a Human Resources Director role, another well-traveled path for those in this field, tend to find salaries of $80K.
Popular Skills for Payroll & Benefits Manager
Survey results show that Payroll & Benefits Managers use a fair number of skills. Most notably, skills in Human Resources Information System, Payroll Tax Compliance, ADP Payroll System, and Benefits Administration are correlated to pay that is above average. Skills that seem to negatively impact pay include Human Resources, Payroll Administration, and Microsoft Excel. Most people skilled in Benefits Administration are similarly competent in ADP Payroll System.
Pay by Experience Level for Payroll & Benefits Manager
Pay by Experience for a Payroll & Benefits Manager has a positive trend. An entry-level Payroll & Benefits Manager with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 99 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Payroll & Benefits Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $58,000 based on 120 salaries. An experienced Payroll & Benefits Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $69,000 based on 177 salaries. A Payroll & Benefits Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $71,000 based on 82 salaries.
Pay Difference by Location
For Payroll & Benefits Managers, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Payroll & Benefits Managers will also find cushy salaries in Houston (+37 percent) and New York (+25 percent). Compared to the national average, Dallas Payroll & Benefits Managers have considerably lower salaries, 23 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers also pay below the national average in Indianapolis (15 percent lower) and San Diego (12 percent lower).
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Key Stats for Payroll & Benefits Manager
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