Payroll & Benefits Specialist Salary

Payroll & Benefits Specialists in the United States are largely women. The group as a whole has a nationwide average of $48K annually for pay. In the world of Payroll & Benefits Specialists, overall income ranges from $34K near the bottom to $62K at the top; this can include more than $6K from bonuses and more than $9K from profit sharing in exceptional cases. Geographic location is the biggest factor affecting pay for this group, followed by career length. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction for Payroll & Benefits Specialists is high. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$36,366 - $63,113
(Median)
$36K
$48K
$63K
MEDIAN: $48,088
10%
50%
90%

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$14.58 - $25.36
(Median)
$15
$19
$25
MEDIAN: $19.00
10%
50%
90%

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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$22K$44K$66K
Salary
$36,366 - $63,113  
   
Bonus
$0.00 - $5,935  
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).
)
$33,718 - $62,423  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 287
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
$14.58 - $25.36  
   
Overtime
$20.93 - $38.30  
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 - $5,935  
   
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).
)
$33,718 - $62,423  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 170
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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 suggest that Payroll & Benefits Specialists put a wide range of professional skills 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 are correlated to lower pay, on the other hand, include Microsoft Office, Microsoft Excel, and Benefits & Compensation. The majority of those 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.


More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience make $43K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $46K. Payroll & Benefits Specialists who work for 10 to 20 years in their occupation tend to earn about $48K. Veterans who have acquired more than 20 years report a median income of $51K, which is generally higher than the pay reported by other tenure groups.

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Experience Affects Payroll & Benefits Specialist Salaries




National Average
$46,000


Skills That Affect Payroll & Benefits Specialist Salaries


Benefits Administration
up arrow 2%

National Average
$46,000

Payroll Administration
up arrow 2%

Benefits & Compensation
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.

Gender

Female
97 %
Male
3 %

Years of Experience

Less than 1 year
0%
1-4 years
26%
5-9 years
26%
10-19 years
30%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 76%
medical benefits
Vision: 57%
dental benefits
None: 13%
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