Payroll & Benefits Specialist Salary

The average salary for a Payroll & Benefits Specialist is $48,568 per year. For the first five to ten years in this position, salary increases modestly, but any additional experience does not have a big effect on pay.
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$37,577 - $65,229
$38K
$50K
$65K
MEDIAN: $50,247
10%
50%
90%

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$15.64 - $26.25
$16
$20
$26
MEDIAN: $19.95
10%
50%
90%

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$0$65K
Salary $37,577 - $65,229
Bonus $490.68 - $7,016
Profit Sharing $1,015
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).
)
$34,781 - $63,371
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 237
Hourly Data $0$42
Hourly Rate $15.64 - $26.25
Overtime $23.30 - $42.93
Annual Data $0$63K
Bonus $490.68 - $7,016
Profit Sharing $1,015
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).
)
$34,781 - $63,371
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 163

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Payroll & Benefits Specialist

Payroll and benefits specialists handle accounting and finance tasks related to business operation and taxes, especially in regards to filing and distribution of audits, payroll, and W-2s. They maintain payroll data, prepare checks, obtain relevant data (such as salary adjustments), and help prepare W-2s. They may also disseminate information about payroll to staff and conduct trainings as necessary. Customer service skills are sometimes part of this role, as maintaining investment and retirement funds are occasionally required. Depending on the industry, payroll specialists may be employed in human resources, warehouse/shipping (due to experience with operation software, shipping systems, and related systems), or within their own department (payroll). This position is generally full time, although overtime may be required as deadlines approach.

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Payroll & Benefits Specialist Tasks

  • Handle voluntary and involuntary deductions.
  • Enter changes to employee payroll records.
  • Create reports for information pertaining to retirement and payroll.
  • Communicate with employees regarding changes in salary, benefits, etc.
  • Calculate, key, total, and balance substitute payrolls.

Common Career Paths for Payroll & Benefits Specialist


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Payroll & Benefits Specialist Job Listings

Popular Skills for Payroll & Benefits Specialist

Pay by Experience Level for Payroll & Benefits Specialist

Pay by Experience for a Payroll & Benefits Specialist has a positive trend. An entry-level Payroll & Benefits Specialist with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 152 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Payroll & Benefits Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 118 salaries. An experienced Payroll & Benefits Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $50,000 based on 133 salaries. A Payroll & Benefits Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $50,000 based on 63 salaries.

Pay Difference by Location

National Average: $46,861

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

Related Job Salaries

Key Stats for Payroll & Benefits Specialist

Gender

Female
94 %
Male
6 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 90 votes.
Less than 1 year
3%
1-4 years
30%
5-9 years
23%
10-19 years
30%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Payroll & Benefits Specialist Salaries

▲7%

▲7%

▲2%

National Average
$47,000

▼10%

Skills That Affect Payroll & Benefits Specialist Salaries


Payroll Tax Compliance
▲5%

UltiPro (Ultimate Software)
▲4%


National Average
$47,000

Payroll Administration
▼1%


Benefits & Compensation
▼2%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 90 votes.

Gender

Female
94 %
Male
6 %

Years of Experience

Less than 1 year
3%
1-4 years
30%
5-9 years
23%
10-19 years
30%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 74%
vision benefits
Vision: 62%
no benefits
None: 16%
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