Payroll Analyst Salary
Job Description for Payroll Analyst
Payroll analyst positions are found in many different industries, but their basic role is usually similar across fields. The duties performed in this position revolve around handling payroll processing and management. This includes duties such as communicating with staff to ensure necessary payroll-related tasks are completed, completing daily audits and reconciliation, and coordinating with finance and human resources departments as needed. Other duties performed by payroll analysts include investigating payroll information, preparing garnishment reports, completing employment verification, posting journal entries, completing quarterly audits, performing database maintenance, and other miscellaneous payroll-related duties.Read More...
Work hours for payroll analysts are generally limited to typical business hours, although it is possible to find other shifts. Work is generally limited to an indoor environment such as an office, with physical requirements limited to typing on computers for long hours.
Positions as payroll analysts range from entry-level openings to those requiring more extensive work experience, sometimes at least five years in a similar position. Most openings also require a bachelor’s degree in accounting or a related field. This position puts a large emphasis on timeliness and accuracy, so careful attention to detail and dedication are essential in this position. Proficiency with basic computer programs is needed, as is extensive knowledge of laws and regulations regarding payroll and related topics.
Payroll Analyst Tasks
- Create reports for information pertaining to retirement and payroll.
- Communicate with employees regarding changes in salary, benefits, etc.
- Enter changes to employee payroll records.
- Calculate, key, total, and balance substitute payrolls.
- Handle voluntary and involuntary deductions.
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Popular Skills for Payroll Analyst
Payroll Analysts report using a pretty varied skill set on the job. Most notably, skills in SAP Payroll, ADP Payroll System, Payroll Tax Compliance, and Payroll Administration are correlated to pay that is above average, with boosts between 4 percent and 19 percent. Skills that pay less than market rate include PeopleSoft. The majority of those who know Microsoft Excel also know ADP Payroll System and Payroll Tax Compliance.
Pay by Experience Level for Payroll Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Relatively untried employees who have less than five years' experience make $47K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $53K. Payroll Analysts bring in $57K after working for 10 to 20 years. For some reason, Payroll Analysts with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $56K.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Payroll Analysts, 26 percent above the national average. Payroll Analysts will also find cushy salaries in Seattle (+22 percent), Houston (+11 percent), New York (+10 percent), and Chicago (+10 percent). Payroll Analysts in Pittsburgh report much lower salaries than the rest of the country — 21 percent below the national average — proving that residence is a major factor in overall pay. Two other places where employers offer below-median salaries are Louisville (21 percent less) and Denver (11 percent less).
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