Payroll Specialist Salary

Women account for the majority of Payroll Specialists in the United States. The entire group has an average salary of $18.16 per hour. Total incomes of Payroll Specialists incorporate potential for, in a few cases, more than $3K from bonuses and close to $7K from profit sharing; these performance components cause packages to range between $31K and $56K. Compensation for this group is mainly affected by the particular firm, but geography and tenure are influential factors as well. Most Payroll Specialists report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$33,640 - $58,830
(Median)
$34K
$45K
$59K
MEDIAN: $44,534
10%
50%
90%

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$13.94 - $24.11
(Median)
$14
$18
$24
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20K$40K$60K
Salary
$33,640 - $58,830  
   
Bonus
$0.00 - $3,410  
Profit Sharing
$350.00 - $6,868  
Commission
$1,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,725 - $56,135  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,811
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$13.94 - $24.11  
   
Hourly Tips
$0.00 - $1.04  
Overtime
$20.40 - $37.08  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$0.00 - $3,410  
   
Commission
$1,000  
Profit Sharing
$350.00 - $6,868  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,725 - $56,135  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,437
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Job Description for Payroll Specialist

Payroll specialists can be found in many industries from small businesses to large organizations. Job responsibilities often include payroll processing, maintaining personnel databases, and managing budgetary expenditures. Knowledge and experience with tax laws, union contracts, wage and hour laws, and common fiscal procedures are important. Most payroll specialists are expected to have a good understanding of budgetary operations. Payroll specialists report to a supervisor who oversees the department. Flexible hours, including evenings and weekends, may be required.

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Payroll Specialist Tasks

  • Maintain current knowledge of IRS regulations.
  • Compile and submit payroll deductions related check requests and payments.
  • Maintain, prepare and process payroll for organization personnel.
  • Audit employee timesheets for hours worked and accuracy.
  • Prepare payroll related journal entries for period-end.

Common Career Paths for Payroll Specialist


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Though not the most common occurrence, Payroll Specialists sometimes become Human Resources Managers, where the average income is $58K per year. Becoming a Payroll Manager is, more often than not, the most common role that Payroll Specialists move into when they're ready for the next step in their career. The average salary for the position is $55K. Another frequent advance is for Payroll Specialists to assume a Payroll Administrator role; in this role, workers often earn $40K.

Payroll Specialist Job Listings

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Popular Employer Salaries for Payroll Specialist


For Payroll Specialists, comfortable salaries can be found at Francis E. Parker Memorial Home; in fact, median earnings sit around $52K, the highest in the area.

Pay for Payroll Specialists is the lowest at Paychex, Inc., which has a median salary of $37K. In addition, there's little room to grow there, with salaries maxing out at $46K.

Popular Skills for Payroll Specialist


Payroll Specialists report using a large range of skills on the job. Most notably, skills in ADP Time and Attendance System, ADP Payroll System, ADP, and Benefits & Compensation are correlated to pay that is above average, with boosts between 6 percent and 9 percent. Skills that seem to negatively impact pay include Data Entry and Accounts Receivable. Those familiar with Microsoft Excel also tend to know Data Entry.

Pay by Experience Level for Payroll Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience does not seem to be a strong driver of pay increase in this role. Those in the early stages of their career can expect to make around $37K; however, individuals with five to 10 years of experience bring in $43K on average — a distinctly larger sum. On average, Payroll Specialists make $44K following one to two decades on the job. Payroll Specialists with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $45K.

Pay Difference by Location

National Average: $41,286

Larger city markers indicate a job is popular in that location.

New York offers some of the highest pay in the country for Payroll Specialists, 21 percent above the national average. Payroll Specialists can also look forward to large paychecks in cities like Seattle (+18 percent), Houston (+15 percent), Chicago (+12 percent), and San Diego (+9 percent). Those in the field find the lowest salaries in Tampa, 13 percent below the national average. St. Louis and Cincinnati are a couple other places where companies are known to pay below the median — salaries tend to be 4 percent less than the median.

Payroll Specialist Reviews

What is it like working as a Payroll Specialist?

Payroll Specialist in Austin:
"For Love or Money?"
Pros: I enjoy successfully processing an accurate pay period because I care about every one of our employees and want them to not worry about compensation for their hard work.
Cons: Offering 100% of myself on a daily basis, and feeling like I am compensated for 75%. I least like that I cannot participate in PFP or some type of Bonus structure.

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Experience Affects Payroll Specialist Salaries




National Average
$41,000


Skills That Affect Payroll Specialist Salaries



ADP
up arrow 6%


Payroll Administration
up arrow 3%

Payroll Tax Compliance
up arrow 3%

Microsoft Excel
up arrow 1%

Accounting
up arrow 1%

Microsoft Office
up arrow 1%

Microsoft Word
0%

National Average
$41,000

Accounts Payable
up arrow 1%

Data Processing
up arrow 2%

Data Entry
up arrow 3%

Customer Service
up arrow 3%

Accounts Receivable
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 757 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
3%
1-4 years
29%
5-9 years
24%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 72%
medical benefits
Vision: 59%
dental benefits
None: 16%
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