Payroll & Benefits Specialist Salary

Women comprise the majority of Payroll & Benefits Specialists in the United States. Individuals in this line of work make around $49K per year on average. Location and tenure each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. The majority of workers are highly satisfied with their job. This overview is based on answers to PayScale's salary questionnaire.
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$36,930 - $65,003
$37K
$49K
$65K
MEDIAN: $49,353
10%
50%
90%

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$15.42 - $26.98
$15
$20
$27
MEDIAN: $20.09
10%
50%
90%

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$0$65K
Salary $36,930 - $65,003
Bonus $500 - $7,500
Profit Sharing $3,265
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).
)
$34,472 - $63,764
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 230
Hourly Data $0$43
Hourly Rate $15.42 - $26.98
Overtime $22.56 - $43.47
Annual Data $0$63K
Bonus $500 - $7,500
Profit Sharing $3,265
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).
)
$34,472 - $63,764
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 162

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • Handle voluntary and involuntary deductions.
  • Enter changes to employee payroll records.
  • Create reports for information pertaining to retirement and payroll.
  • Communicate with employees regarding changes in salary, benefits, etc.
  • Calculate, key, total, and balance substitute payrolls.

Common Career Paths for Payroll & Benefits Specialist


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Payroll & Benefits Specialists' salaries may rise greatly for those who assume a higher-end position such as a Human Resources Manager. The average Human Resources Manager brings home $59K per year.

Payroll & Benefits Specialist Job Listings

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 Payroll Tax Compliance, ADP Payroll System, UltiPro, and Benefits Administration are correlated to pay that is above average, with boosts in pay of 6 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Office. Those proficient in Benefits Administration are, more often than not, also skilled in Microsoft Excel and ADP Payroll System.

Pay by Experience Level for Payroll & Benefits Specialist

Pay by Experience for a Payroll & Benefits Specialist has a positive trend. An entry-level Payroll & Benefits Specialist with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 152 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Payroll & Benefits Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 118 salaries. An experienced Payroll & Benefits Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $50,000 based on 133 salaries. A Payroll & Benefits Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $50,000 based on 63 salaries.

Pay Difference by Location

National Average: $46,607

Larger city markers indicate a job is popular in that location.

For those looking to make money, Payroll & Benefits Specialists in Washington enjoy an exceptional pay rate, 39 percent above the national average. Payroll & Benefits Specialists will also find cushy salaries in Houston (+22 percent), Minneapolis (+19 percent), St. Louis (+7 percent), and Indianapolis (+4 percent). Tampa ranks last in the field for pay, reporting salaries 3 percent below the national average.

Related Job Salaries

Key Stats for Payroll & Benefits Specialist

Gender

Female
94 %
Male
6 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.
Less than 1 year
3%
1-4 years
30%
5-9 years
23%
10-19 years
29%
20 years or more
15%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Payroll & Benefits Specialist Salaries

▲8%

▲7%

▲2%

National Average
$47,000

▼9%

Skills That Affect Payroll & Benefits Specialist Salaries

Payroll Tax Compliance
▲6%


UltiPro (Ultimate Software)
▲5%


National Average
$47,000

Payroll Administration
▼1%

Benefits & Compensation
▼1%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.

Gender

Female
94 %
Male
6 %

Years of Experience

Less than 1 year
3%
1-4 years
30%
5-9 years
23%
10-19 years
29%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 75%
vision benefits
Vision: 64%
no benefits
None: 14%
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