Payroll & Benefits Specialist Salary

Payroll & Benefits Specialists in the United States are largely women. The group as a whole has a nationwide average of $47K annually for pay. Total cash compensation for Payroll & Benefits Specialists runs from $32K to $61K depending on bonuses that can occasionally exceed $5K and profit sharing that can reach almost $9K. Location is the biggest factor affecting pay for this group, followed by career duration. Most Payroll & Benefits Specialists report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Read More
$35,349 - $62,331
(Median)
$35K
$47K
$62K
MEDIAN: $46,990
10%
50%
90%

Add this chart to your site: 640px    300px

$13.91 - $24.52
(Median)
$14
$18
$25
MEDIAN: $18.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$35,349 - $62,331  
   
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).
)
$32,331 - $60,959  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 257
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
$13.91 - $24.52  
   
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).
)
$32,331 - $60,959  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 159
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Payroll & Benefits Specialists who transition into a Human Resources Manager role may receive large pay increases as the latter position pays an average $58K per year.

Payroll & Benefits Specialist Job Listings

Search for more jobs:

Popular Skills for Payroll & Benefits Specialist


Payroll & Benefits Specialists generally report applying a varied skill set to their work. 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 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.


More years of relevant experience do not necessarily translate to higher paychecks. Folks who are navigating the first five years of their careers have a median salary of approximately $42K in this position. Those who have been around for five to 10 years don't get much more, though; the median salary in that group is $45K. People with 10 to 20 years of experience make an average of about $48K in this role. Payroll & Benefits Specialists who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $51K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Payroll & Benefits Specialist Salaries




National Average
$45,000


Skills That Affect Payroll & Benefits Specialist Salaries


Benefits Administration
up arrow 3%

Payroll Administration
0%

National Average
$45,000

Microsoft Excel
up arrow 3%

Benefits & Compensation
up arrow 3%

Microsoft Office
up arrow 4%

Job Satisfaction

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

Gender

Female
97 %
Male
3 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
28%
10-19 years
28%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 75%
vision benefits Vision: 57% employee benefits None: 14%
ADVERTISEMENT