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Payroll & Benefits Specialist Salary

Most Payroll & Benefits Specialists in the United States are women. The workforce as a whole earns a median of approximately $47K annually. In the world of Payroll & Benefits Specialists, overall cash allowance can occasionally include more than $5K from bonuses and, in some exceptional cases, $9K from profit sharing, causing incomes to vary widely between $32K and $60K. Career duration is the biggest factor affecting pay for this group, followed by geography. Most workers in this position report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. This report is based on responses to the PayScale salary survey.
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$34,958 - $61,400
(Median)
$35K
$47K
$61K
MEDIAN: $46,702
10%
50%
90%

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$13.87 - $24.27
(Median)
$14
$18
$24
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
$34,958 - $61,400  
   
Bonus
$0.00 - $5,136  
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).
)
$31,899 - $59,710  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 242
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
$13.87 - $24.27  
   
Overtime
$20.57 - $37.45  
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 - $5,136  
   
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).
)
$31,899 - $59,710  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 165

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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

  • 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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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 $58K per year.

Payroll & Benefits Specialist Job Listings

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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 Microsoft Excel are correlated to pay that is above average. 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.


More years of relevant experience do not necessarily translate to higher paychecks. Survey participants with less than five years' experience report a median income of $42K, and earnings aren't much higher for respondents who have five to 10 years under their belts; respondents in the latter group report a median of just $44K. The average pay reported by folks with 10 to 20 years of experience is around $47K. In the end, more experience does seem to mean larger paychecks; seasoned Payroll & Benefits Specialists with more than 20 years of experience earn a predictably higher median salary of $51K.

Related Job Salaries

United States (change)

Experience Affects Payroll & Benefits Specialist Salaries




National Average
$44,000


Skills That Affect Payroll & Benefits Specialist Salaries



Payroll Administration
0%

National Average
$44,000

Microsoft Excel
up arrow 2%

Benefits & Compensation
up arrow 2%

Microsoft Office
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 82 votes.

Gender

Female
97 %
Male
3 %

Years of Experience

Less than 1 year
1%
1-4 years
24%
5-9 years
30%
10-19 years
29%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 75%
vision benefits Vision: 58% employee benefits None: 15%
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