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. 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 $61K. Residence is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to most, and a strong majority earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$35,441 - $62,149

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$13.92 - $24.54

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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$21K$42K$63K
Salary
$35,441 - $62,149  
   
Bonus
$0.00 - $5,172  
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).
)
$32,422 - $61,012  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 264
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$13$26$39
Hourly Rate
$13.92 - $24.54  
   
Overtime
$20.54 - $38.27  
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$26K$52K$78K
Bonus
$0.00 - $5,172  
   
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).
)
$32,422 - $61,012  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 160
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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 who go on to become Human Resources Managers may see their salaries climb quite a bit. Median pay for Human Resources Managers is $58K annually.

Payroll & Benefits Specialist Job Listings

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Popular Skills for Payroll & Benefits Specialist


Survey results imply that Payroll & Benefits Specialists put a diverse skill set 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 seem to negatively impact pay include Microsoft Office. Most people who know Benefits Administration also 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.


Experience does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have fewer than five years of experience earn around $42K on average. People who have worked for five to 10 years can expect a higher median salary of $45K. The average pay reported by folks with 10 to 20 years of experience is around $48K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $51K.

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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

Benefits & Compensation
up arrow 2%

Microsoft Excel
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
27%
10-19 years
29%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 75%
vision benefits Vision: 56% employee benefits None: 14%
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