Payroll Assistant Salary
Payroll Assistants in the United States can expect to earn an average of $15.42 per hour. Geography is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction for Payroll Assistants is high. Among survey respondents, women are more common than men; 90 percent of Payroll Assistants are female. Health benefits are not claimed by all — one-fourth lack any form of coverage — but a strong majority have medical insurance, and more than half have dental, too. This overview is based on answers to PayScale's salary questionnaire.
Job Description for Payroll Assistant
A payroll assistant typically works either in the human resources or accounting department of a company. A person in this position assists with all aspects of payroll and related employee recordkeeping and storage. Much of a payroll assistant’s work involves data entry, and familiarity with basic computer programs is required, along with accuracy and attention to detail.Read More...
Additionally, payroll assistants help process new employees by handling new hire paperwork. This typically involves working with federal and state work eligibility and tax withholding documents. Many companies also have new employees fill out various benefits paperwork, as well as documentation related to tax credit benefits the company may receive for hiring them; this paperwork is typically entered into various computer databases so proper withholding, exemptions, and pre-tax deductions are taken from employee paychecks.
Because existing employees' needs may change, payroll assistants also help process changes to income tax withholding, any new benefits, and changes to existing benefits that the employee submits to the human resources department. Payroll assistants may also be tasked with storage of original employment documents, including resumes, applications, and original new-hire paperwork. Additionally, payroll assistants can be tasked with tracking information such as earned vacation or time off.
Most companies look for payroll assistants who possess office administration vocational training or previous work experience. Payroll assistants must possess excellent organizational skills, and they should expect to work regular business hours.
Payroll Assistant Tasks
- Calculate, key, total, and balance substitute payrolls.
- Create reports for information pertaining to payroll.
- Handle voluntary and involuntary deductions.
- Enter changes to employee payroll records.
- Communicate with employees regarding changes in salary, benefits, etc.
Common Career Paths for Payroll Assistant
Payroll Assistants sometimes assume positions such as Payroll Managers. That role pays $56K per year on average. The most common next step for a Payroll Assistant is to become a Payroll Specialist or a Payroll Administrator. The former position pays an additional $5K per year on average, and the latter position pays $6K more per year.
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Popular Skills for Payroll Assistant
Payroll Assistants generally report applying a varied skill set to their work. Most notably, skills in Payroll Tax Compliance, ADP Payroll System, Payroll Administration, and Microsoft Excel are correlated to pay that is above average. Most people familiar with Data Entry also know Microsoft Word and ADP Payroll System.
Pay by Experience Level for Payroll Assistant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Although individuals who have less than five years' experience earn $32K on average, people with five to 10 years benefit from a notably larger average of $39K. Payroll Assistants with one to two decades of relevant experience report an average salary of approximately $38K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $40K.