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
- Enter changes to employee payroll records.
- Communicate with employees regarding changes in salary, benefits, etc.
- Handle voluntary and involuntary deductions.
- Calculate, key, total, and balance substitute payrolls.
- Create reports for information pertaining to payroll.
Common Career Paths for Payroll Coordinator
Payroll Coordinators sometimes assume positions such as Human Resources Managers. That role pays $59K per year on average. A Payroll Specialist role is the most common promotion for Payroll Coordinators moving up the ladder. Pay for this role tends to be $39K per year. Another typical, albeit less common, transition for Payroll Coordinators is a Payroll Manager position, where earnings are usually $56K.
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Popular Skills for Payroll Coordinator
Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in UltiPro, Automatic Data Processing Software Suite, Microsoft Dynamics GP, and SAP Payroll are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Skills that pay less than market rate include Accounts Receivable. The majority of those who know Microsoft Excel also know 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.
For Payroll Coordinators, more experience in the field does not usually mean bigger paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $38K, but folks who have racked up five to 10 years see a notably higher median of $43K. People with 10 to 20 years of experience make an average of about $45K in this role. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $46K.
Pay Difference by Location
Los Angeles offers some of the highest pay in the country for Payroll Coordinators, 19 percent above the national average. Payroll Coordinators can also look forward to large paychecks in cities like Boston (+17 percent), New York (+14 percent), Seattle (+11 percent), and Houston (+7 percent). Trailing the national average by 10 percent, Miami is the market with the smallest paychecks. Two other places where employers offer below-median salaries are Columbus (8 percent less) and Fort Worth (6 percent less).