Payroll & Benefits Specialists in the United States are largely female. The average salary of the entire group is approximately $49K per year. Geography and experience level each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This report is based on responses to the PayScale salary survey.
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$35,795 - $65,087
(Median)
$36K
$49K
$65K
MEDIAN: $48,941
10%
50%
90%

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$15.42 - $26.40
(Median)
$15
$20
$26
MEDIAN: $20
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
$35,795 - $65,087  
   
Bonus
$503 - $10,045  
Profit Sharing
$2,000  
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).
)
$34,346 - $63,346  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 227
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$14$28$42
Hourly Rate
$15.42 - $26.40  
   
Overtime
$22.12 - $40.03  
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$28K$56K$84K
Bonus
$503 - $10,045  
   
Profit Sharing
$2,000  
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).
)
$34,346 - $63,346  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 140
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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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Though some Payroll & Benefits Specialists move into positions like Human Resources Manager (where the average salary is $59K), this progression is not the norm. A more common career path for Payroll & Benefits Specialists is stepping into the role of Human Resources Generalist or Payroll Manager.

Payroll & Benefits Specialist Job Listings

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Popular Skills for Payroll & Benefits Specialist


Survey results suggest that Payroll & Benefits Specialists put a wide range of professional skills to use. Most notably, skills in ADP Payroll System, Benefits Administration, Payroll Administration, and Benefits & Compensation are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Microsoft Office. For most people, competency in Benefits Administration indicates knowledge of 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.


Workers in their first five years can expect to earn $43K, but people who have been around for five to 10 years earn a noticeably bigger sum of $48K. The average pay reported by folks with 10 to 20 years of experience is around $49K. Payroll & Benefits Specialists who have stuck around for more than two decades see earnings that are no higher than those of folks who have worked for 10 to 20 years.

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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 1%

National Average
$46,000

Payroll Administration
up arrow 1%

Benefits & Compensation
up arrow 2%

Microsoft Office
up arrow 3%

Microsoft Excel
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 votes.

Gender

Female
95 %
Male
5 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
25%
10-19 years
32%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 78%
medical benefits
Vision: 61%
dental benefits
None: 13%
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