Payroll & Benefits Specialist Salary (United States)

Payroll & Benefits Specialists in the United States are largely female. The average salary of the entire group is approximately $43,350 annually. Compensation ranges from $30,886 on the low end to $58,401 per year on the high end. Total cash compensation to Payroll & Benefits Specialists bottoms out near $33,687 and approaches $60,040 on the high end; the bigger paychecks include approximately $4,905 from bonuses and almost $3,893 from profit sharing. Career duration is the biggest factor affecting pay for this group, followed by geography. Generous benefits are a perk in this profession; most claim both medical and dental insurance and more than half get vision coverage. The majority of workers are highly satisfied with their job. Participants in PayScale's salary questionnaire provided the particulars of this report.
Payroll & Benefits Specialist Salary (?
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.
)
$33,687 - $60,040
(Median)
34K
39K
46K
54K
60K
MEDIAN: $46,229
10%
25%
50%
75%
90%
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Payroll & Benefits Specialist Salary (?
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.
)
$13.62 - $24.17
(Median)
14
18
20
24
MEDIAN: $17.00
10%
50%
75%
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
$33,687 - $60,040  
   
Bonus
$0.00 - $4,905  
Profit Sharing
$35.51 - $3,893  
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).
)
$30,886 - $58,401  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 246
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
$13.62 - $24.17  
   
Overtime
$19.49 - $37.08  
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 - $4,905  
   
Profit Sharing
$35.51 - $3,893  
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).
)
$30,886 - $58,401  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 162
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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.

Payroll & Benefits Specialist Job Listings

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Popular Skills for Payroll & Benefits Specialist

Survey results suggest that Payroll & Benefits Specialists use a fairly large toolkit of professional skills. Most notably, skills in ADP Payroll System, Benefits Administration, Payroll Administration, and Microsoft Excel are correlated to pay that is above average, with boosts of 14 percent, 11 percent, 4 percent, and 4 percent, respectively. Those familiar with Payroll Administration tend to be well-versed in Microsoft Excel and ADP Payroll System. For most people, competency in Benefits Administration indicates knowledge of ADP Payroll System and Microsoft Excel.

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 less experience do not necessarily bring home smaller paychecks. In fact, experience in this field tends to have little impact on salary. Salaries increase to $42K from around $40K after five to 10 years. After 10 to 20 years, salary hovers around $48K. Salaries tend to grow less rapidly after achieving 20 years of experience, with more senior Payroll & Benefits Specialists earning an average of $51K per year. Experienced employees who have 10-20 years of experience make up 24 percent of the workforce; inexperienced individuals who have been working for less than one year comprise 1 percent, and senior people with more than 20 years under their belt fill out the remaining 18 percent. More than half of respondents report having between one and nine years of experience in this field.

Pay Difference By Location

Washington
up arrow 30%
Minneapolis
up arrow 11%
National Average
$43,000
Larger circles over a city indicate a job is popular in that location.
For Payroll & Benefits Specialists, Washington provides a pay rate that is 30 percent greater than the national average. Payroll & Benefits Specialists will also find cushy salaries in Minneapolis (+11 percent).

Related Job Salaries

Experience Affects Payroll & Benefits Specialist Salaries

National Average
$43,000

Skills That Affect Payroll & Benefits Specialist Salaries

Payroll Administration
up arrow 4%
Microsoft Excel
up arrow 3%
Benefits & Compensation
up arrow 1%
National Average
$43,000
Microsoft Office
up arrow 2%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 90 votes.

Gender

Female
95%
female alumni
 
Male
5%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
26%
5-9 years
30%
10-19 years
24%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 73%
vision benefits Vision: 56% employee benefits None: 16%
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