The average salary for a Payroll & Benefits Specialist is $48,941 per year. For the first five to ten years in this position, salary increases modestly, but any additional experience does not have a big effect on pay.
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$35,795 - $65,087
(Median)
$36K
$49K
$65K
MEDIAN: $48,941
10%
50%
90%

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$15.42 - $26.40
(Median)
$15
$20
$26
MEDIAN: $20
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
$35,795 - $65,087  
   
Bonus
$503 - $10,045  
Profit Sharing
$2,000  
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).
)
$34,346 - $63,346  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 227
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$14$28$42
Hourly Rate
$15.42 - $26.40  
   
Overtime
$22.12 - $40.03  
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$28K$56K$84K
Bonus
$503 - $10,045  
   
Profit Sharing
$2,000  
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).
)
$34,346 - $63,346  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 140
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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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Popular Skills for Payroll & Benefits Specialist

Pay by Experience Level for Payroll & Benefits Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

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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 1%

National Average
$46,000

Payroll Administration
up arrow 1%

Benefits & Compensation
up arrow 2%

Microsoft Office
up arrow 3%

Microsoft Excel
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 votes.

Gender

Female
95 %
Male
5 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
25%
10-19 years
32%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 78%
medical benefits
Vision: 61%
dental benefits
None: 13%
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