Payroll Coordinator Salary
Job Description for Payroll Coordinator
A payroll coordinator is responsible for managing the payroll accounts of a company or business. Payroll coordinators supervise employee’s wages, salaries, bonuses, deductions, and taxes. They ensure that paycheck amounts are distributed in accordance with federal regulations and may also be responsible for reporting tax deductions; the payroll coordinator also works closely with the business accountant regarding tax matters. Payroll coordinators are also responsible for enforcing any government garnishments of wages for child support, loan defaults, or bankruptcy. They also keep track of vacation time, sick time, and company benefits. In addition to these roles, they may also handle other financial duties, including reimbursements for expenses, petty cash, and financial reports.Read More...
Payroll coordinators typically work during regular business hours and are rarely expected to travel. Some overtime hours may be expected several times a year, such as during tax season, but on the whole, they maintain the same hours.
Payroll coordinators should posses at least an associate’s degree in accounting or business, although a bachelor's or master’s degree may be preferred. Different companies use different payroll computer software, and some may require knowledge of more popular programs, such as Kronos, PeopleSoft, or ADP. Experience in payroll or accounting is helpful. Payroll coordinators should also have good interpersonal skills, as they will need to communicate with office staff effectively. They typically work in conjunction with the human resources department and can expect to provide reports to that department as needed.
Payroll Coordinator 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 Coordinator
Though it's uncommon, some Payroll Coordinators move into roles as Human Resources Managers, where pay is an average $59K per year. As Payroll Coordinators progress in their field, many go on to become Payroll Specialists. In fact, this transition is more common than anything else, and median pay for the role is $39K. Another common career choice for Payroll Coordinators is to move into a Payroll Manager role — this promotion usually pays $56K.
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Popular Skills for Payroll Coordinator
Payroll Coordinators seem to require a rather large skill set. Most notably, skills in UltiPro, Automatic Data Processing Software Suite, SAP Payroll, and Microsoft Dynamics GP are correlated to pay that is above average, with boosts between 4 percent and 11 percent. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable. For most people, competency in Microsoft Excel indicates knowledge of Microsoft Office and ADP Payroll System.
Pay by Experience Level for Payroll Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Payroll Coordinators with a lot of experience do not necessarily enjoy more money. The average worker who claims fewer than five years of experience earns around $38K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $43K. People with 10 to 20 years of experience make an average of about $45K in this role. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $47K.
Pay Difference by Location
With a pay rate for Payroll Coordinators that is 38 percent greater than the national average, Atlanta offers a comfortable salary for those in this profession. Payroll Coordinators can also look forward to large paychecks in cities like Boston (+21 percent), New York (+17 percent), Los Angeles (+15 percent), and Seattle (+14 percent). The lowest-paying market is Fort Worth, which sits 6 percent below the national average. Employers in San Antonio and Nashville also lean toward paying below-median salaries (5 percent lower and 4 percent lower, respectively).
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