Payroll Director Salary
Job Description for Payroll Director
The payroll director oversees payroll, payroll accounting, and payroll tax for their company. The payroll director may oversee other payroll employees and be entrusted with hiring duties. Additionally, the payroll manager may perform external and internal audits related to payroll, making sure that the payroll department is adhering to company and legal standards. They may help automate payroll processes, upgrade payroll software, and correct any payroll problems as well. Problem solving is an important skill in this position, as the payroll director helps evaluate and improve payroll processes as needed. When employees have issues with the payroll administration, the payroll director should be able to determine reasons for the problem, correct any related mistakes, and ensure that they do not reoccur.Read More...
This position may also include duties relating to administering bonuses, termination benefits, contribution calculations, employee benefits, and 401(K) benefits. Recordkeeping is another important part of the job, including maintaining documents relating to payroll. The payroll director needs to be able to prepare concise, complete payroll reports and coordinate effectively with other departments within the company such as finance, human resources, legal, and compensation.
A bachelor’s degree is generally required for this position, as well as experience in related positions. Proficiency in basic computer programs - especially those related to payroll administration - is essential; for many positions, experience with Workday is specifically preferred. Certification as a payroll professional may be needed as well. This is generally a full-time position that takes place during regular business hours, although overtime may occasionally be required depending on the needs of the business.
Payroll Director Tasks
- Manage the overall corporate payroll functions including, payroll processing, payroll taxes, reviewing and revising policies and procedures, as well as internal controls, system review and upgrade.
- Maintain necessary vendor relationships and compliance.
- Ensure payroll tax payments are in compliance with applicable federal, state and local tax laws.
- Reconcile payroll related general ledger accounts.
Payroll Director Job Listings
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Popular Skills for Payroll Director
Payroll Directors generally report applying a varied skill set to their work. Most notably, skills in ADP Payroll System, Payroll Tax Compliance, Accounting, and Payroll Administration are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Excel and Operations Management. Most people who know Payroll Administration also know ADP Payroll System and Accounting.
Pay by Experience Level for Payroll Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Payroll Directors — those with more experience do not necessarily bring in higher earnings. People who have worked for fewer than five years bring home $75K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $85K. On average, Payroll Directors make $99K following one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $107K on average.
Pay Difference by Location
For Payroll Directors, working in the bustling city of Atlanta has its advantages, including an above-average pay rate. Payroll Directors can also look forward to large paychecks in cities like Houston (+37 percent), Dallas (+27 percent), Los Angeles (+20 percent), and New York (+15 percent). Miami ranks last in the field for pay, reporting salaries 11 percent below the national average.