Payroll & Benefits Specialist Salary

Most Payroll & Benefits Specialists in the United States are women. The median pay for people in this role is approximately $48K per year. Cash earnings for Payroll & Benefits Specialists — including $6K in bonuses and $9K in profit sharing proceeds near the top of the pay scale — generally stretch from $34K to $62K depending on individual performance. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Job satisfaction is high and work is enjoyable for most Payroll & Benefits Specialists. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$36,366 - $63,113
(Median)
$36K
$48K
$63K
MEDIAN: $48,088
10%
50%
90%

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$14.58 - $25.36
(Median)
$15
$19
$25
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Salary
$36,366 - $63,113  
   
Bonus
$0.00 - $5,935  
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).
)
$33,718 - $62,423  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 287
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$14.58 - $25.36  
   
Overtime
$20.93 - $38.30  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$0.00 - $5,935  
   
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).
)
$33,718 - $62,423  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 170
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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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At the upper end, Payroll & Benefits Specialists who move into a Human Resources Manager role can end up with a hefty increase in pay. The average income for Human Resources Managers is a much higher $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 Benefits & Compensation are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Office, Microsoft Excel, and Benefits & Compensation. It is often found that people who know Benefits Administration are also skilled 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.


Payroll & Benefits Specialists with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $43K, but folks who have racked up five to 10 years see a notably higher median of $46K. The average pay reported by folks with 10 to 20 years of experience is around $48K. Veterans who have acquired more than 20 years report a median income of $51K, which is generally higher than the pay reported by other tenure groups.

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Experience Affects Payroll & Benefits Specialist Salaries




National Average
$46,000


Skills That Affect Payroll & Benefits Specialist Salaries


Benefits Administration
up arrow 2%

National Average
$46,000

Payroll Administration
up arrow 2%

Benefits & Compensation
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.

Gender

Female
97 %
Male
3 %

Years of Experience

Less than 1 year
0%
1-4 years
26%
5-9 years
26%
10-19 years
30%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 76%
medical benefits
Vision: 57%
dental benefits
None: 13%
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