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Payroll & Benefits Specialist Salary (United States)

The larger portion of Payroll & Benefits Specialists in the United States are women. Median pay in this female-dominated area goes for around $46K annually. In the world of Payroll & Benefits Specialists, total cash compensation can vary between $31K and $58K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $5K and $4K, respectively. Career duration is the biggest factor affecting pay for this group, followed by geography. A solid majority report receiving medical coverage from their employers and most collect dental insurance. For the most part, Payroll & Benefits Specialists enjoy their work and report high levels of job satisfaction. This outline is based on answers to PayScale's salary survey.
Payroll & Benefits Specialist Salary (?
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.
)
$33,687 - $60,040
(Median)
34K
39K
46K
54K
60K
MEDIAN: $46,229
10%
25%
50%
75%
90%
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Payroll & Benefits Specialist Salary (?
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.
)
$13.62 - $24.17
(Median)
14
18
20
24
MEDIAN: $17.00
10%
50%
75%
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
$33,687 - $60,040  
   
Bonus
$0.00 - $4,905  
Profit Sharing
$35.51 - $3,893  
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).
)
$30,886 - $58,401  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 246
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
$13.62 - $24.17  
   
Overtime
$19.49 - $37.08  
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 - $4,905  
   
Profit Sharing
$35.51 - $3,893  
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).
)
$30,886 - $58,401  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 162
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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.

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, with boosts of 14 percent, 11 percent, 4 percent, and 4 percent, respectively. Most people experienced in Benefits Administration also know ADP Payroll System and Microsoft Excel. Most people familiar with Payroll Administration also know 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 does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have less than five years' experience have a median salary of $40K. Those who have been around for five to 10 years can expect to take home more — $43K on average. Payroll & Benefits Specialists see a median salary of $48K after reaching one to two decades on the job. Payroll & Benefits Specialists who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $51K. A majority of respondents report having between one and nine years of experience in this field. Experienced employees who have 10-20 years of experience make up close to one-fourth of the workforce; inexperienced individuals who have been working for less than one year comprise less than two percent, and senior people with more than 20 years under their belt fill out the remaining just under a fifth.

Pay Difference By Location

Washington
up arrow 30%
Minneapolis
up arrow 11%
National Average
$43,000
Larger circles over a city indicate a job is popular in that location.
For Payroll & Benefits Specialists, working in the bustling city of Washington has its advantages, including an above-average pay rate. Payroll & Benefits Specialists will also find cushy salaries in Minneapolis (+11 percent).

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Experience Affects Payroll & Benefits Specialist Salaries

National Average
$43,000

Skills That Affect Payroll & Benefits Specialist Salaries

Payroll Administration
up arrow 4%
Microsoft Excel
up arrow 3%
Benefits & Compensation
up arrow 1%
National Average
$43,000
Microsoft Office
up arrow 2%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 90 votes.

Gender

Female
95%
female alumni
 
Male
5%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
26%
5-9 years
30%
10-19 years
24%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 73%
vision benefits Vision: 56% employee benefits None: 16%