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Payroll & Benefits Specialist Salary

Women comprise the majority of Payroll & Benefits Specialists in the United States. Individuals in this line of work make around $47K per year on average. Total cash compensation for Payroll & Benefits Specialists runs from $32K to $60K depending on bonuses that can occasionally exceed $5K and profit sharing that can reach almost $9K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Work is enjoyable for Payroll & Benefits Specialists, who typically claim high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$34,939 - $61,349
(Median)
$35K
$47K
$61K
MEDIAN: $46,789
10%
50%
90%

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$13.77 - $24.27
(Median)
$14
$18
$24
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$21K$42K$63K
Salary
$34,939 - $61,349  
   
Bonus
$0.00 - $5,089  
Profit Sharing
$-0.50 - $8,976  
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).
)
$31,638 - $59,850  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 236
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$13.77 - $24.27  
   
Overtime
$20.33 - $37.38  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $5,089  
   
Profit Sharing
$-0.50 - $8,976  
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).
)
$31,638 - $59,850  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 165

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Job Description for Payroll & Benefits Specialist

Payroll and benefits specialists handle accounting and finance tasks related to business operation and taxes, especially in regards to filing and distribution of audits, payroll, and W-2s. They maintain payroll data, prepare checks, obtain relevant data (such as salary adjustments), and help prepare W-2s. They may also disseminate information about payroll to staff and conduct trainings as necessary. Customer service skills are sometimes part of this role, as maintaining investment and retirement funds are occasionally required. Depending on the industry, payroll specialists may be employed in human resources, warehouse/shipping (due to experience with operation software, shipping systems, and related systems), or within their own department (payroll). This position is generally full time, although overtime may be required as deadlines approach.

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Payroll & Benefits Specialist Tasks

  • Prepare payroll related journal entries for period-end.
  • Audit employee timesheets for hours worked and accuracy.
  • Maintain, prepare and process payroll for organization personnel.
  • Compile and submit payroll deductions related check requests and payments.
  • Maintain current knowledge of IRS regulations.

Common Career Paths for Payroll & Benefits Specialist


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Payroll & Benefits Specialists who transition into a Human Resources Manager role may receive large pay increases as the latter position pays an average $58K per year.

Payroll & Benefits Specialist Job Listings

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Popular Skills for Payroll & Benefits Specialist


Payroll & Benefits Specialists report using a diverse set of skills on the job. Most notably, skills in ADP Payroll System, Benefits Administration, Payroll Administration, and Microsoft Excel are correlated to pay that is above average. Most people skilled in Benefits Administration are similarly competent in Microsoft Excel and ADP Payroll System.

Pay by Experience Level for Payroll & Benefits Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Payroll & Benefits Specialists — those with more experience do not necessarily bring in higher earnings. During the first five years of their careers, Payroll & Benefits Specialists see a median income of $41K. Survey respondents with five to 10 years of experience report an only modestly higher median of $44K. Payroll & Benefits Specialists see a median salary of $47K after reaching one to two decades on the job. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Payroll & Benefits Specialist with more than 20 years of experience can earn $51K on average.

Related Job Salaries

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Experience Affects Payroll & Benefits Specialist Salaries




National Average
$44,000


Skills That Affect Payroll & Benefits Specialist Salaries



Payroll Administration
up arrow 1%

National Average
$44,000

Microsoft Excel
up arrow 1%

Benefits & Compensation
up arrow 2%

Microsoft Office
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 82 votes.

Gender

Female
97 %
Male
3 %

Years of Experience

Less than 1 year
1%
1-4 years
24%
5-9 years
30%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 74%
vision benefits Vision: 57% employee benefits None: 14%