Payroll & Benefits Specialist Salary

Women make up the vast majority of Payroll & Benefits Specialists in the United States. The average pay in this industry is approximately $47K annually. Total cash compensation to Payroll & Benefits Specialists bottoms out near $32K and approaches $61K on the high end; the biggest paychecks include approximately $5K from bonuses and almost $9K from profit sharing. Experience level is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most Payroll & Benefits Specialists like their work and job satisfaction is high. This report is based on answers to PayScale's salary questionnaire.
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$35,269 - $62,226
(Median)
$35K
$47K
$62K
MEDIAN: $47,127
10%
50%
90%

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$13.89 - $24.55
(Median)
$14
$18
$25
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
$35,269 - $62,226  
   
Bonus
$0.00 - $5,350  
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).
)
$32,238 - $60,919  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 251
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
$13.89 - $24.55  
   
Overtime
$20.54 - $37.92  
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 - $5,350  
   
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).
)
$32,238 - $60,919  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 157
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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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For Payroll & Benefits Specialists, progressing to a Human Resources Manager role may result in a significant raise. On average, a Human Resources Manager can earn $58K annually.

Payroll & Benefits Specialist Job Listings

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Popular Skills for Payroll & Benefits Specialist


Payroll & Benefits Specialists report using a wide range of professional skills. Most notably, skills in ADP Payroll System, Benefits Administration, Payroll Administration, and Microsoft Excel are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Office. Those familiar with Benefits Administration also tend to 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.


Payroll & Benefits Specialists with a lot of experience do not necessarily enjoy more money. In this position, someone who has worked for fewer than five years can expect a median salary of $42K. The median for people with five to 10 years of experience is only a little bit higher at $44K. Payroll & Benefits Specialists who work for 10 to 20 years in their occupation tend to earn about $48K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $52K.

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Experience Affects Payroll & Benefits Specialist Salaries




National Average
$45,000


Skills That Affect Payroll & Benefits Specialist Salaries


Benefits Administration
up arrow 4%

Payroll Administration
0%

National Average
$45,000

Microsoft Excel
up arrow 3%

Benefits & Compensation
up arrow 3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 80 votes.

Gender

Female
97 %
Male
3 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
29%
10-19 years
29%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 75%
vision benefits Vision: 57% employee benefits None: 14%
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