College courses in accounting and business may be preferred, and those with degrees have an advantage in the job market. Oversee payroll transactions (e.g. Therefore a natural aptitude for maths and accounting is a must. Specific responsibilities of a payroll clerk may vary based on industry, but typically include the following: conducting semi-annual audits, preparing invoices and maintaining accurate records of payroll records, processing payroll checks and other payroll . Such as tax disputes and deduction or time enquries. File Form 940. According to the U.S. Bureau of Labor Statistics, human resource specialist jobs are expected to grow 7 percent between 2019 and 2029. I got this data using ahrefs and plugging in "Name of Payroll Job Title" and the phrase "Job Description" — then measuring . Preparing and processing paychecks and cash deposits. The average salary for a payroll specialist is $23.00 per hour in Jefferson, WI. Payroll Clerk Responsibilities: Collecting and verifying timesheets. A professional may work for a payroll services company that organizations contract for their services or more directly within a business. One of the most important responsibilities of someone in this position is to conduct research . This team ensures that employees are compensated for the correct amount and on the designated date. Payroll specialists typically work full-time. 18,543 Payroll Specialist Salaries provided anonymously by employees. Essential Job Functions Essential duties and functions, pursuant to the Americans with Disabilities Act, May include the following. Entering employee information and payroll data into the system. Payroll specialists oversee all aspects of timesheet and payroll processing to ensure payroll processing remains compliant, accurate and on-time. Created with Sketch. Payroll and human resources are two distinct areas of your business. They oversee opportunity and create solutions in the following areas: Compensation . A payroll specialist may also work with human resources where they set or keep track of work, vacation and time off schedules. Average base salary Data source tooltip for average base salary. While candidates search for the 10 jobs above, employers care most about these top 5 payroll titles and descriptions: Payroll Specialist. It involves calculating total wage earnings, withholding deductions, filing payroll taxes and delivering payment. You'll need a minimum of 18 months of payroll work experience to qualify for CPP certification ( www.americanpayroll.org ). Download your free copy of The quick start guide to PAYE. Visit PayScale to research payroll specialist hourly pay by city, experience, skill, employer and more. Lesson Summary. Educational requirements range from a high school diploma to an associate's or bachelor's degree. The average Payroll Specialist salary in the United States is $51,400 as of , but the salary range typically falls between $45,673 and $58,245. These staff members also need to have . Payroll accountants work for nearly every type of organization. . When working with a certified payroll specialist, you know that the knowledge base for everyone with the certification is the same and that they have the tools and resources to handle whatever your business needs are. The average hourly pay for a Payroll Specialist is $20.77. Payroll Clerk. Some payroll service specialist companies, such as Outsourcing Solutions, also provide HR support services. Having strong math skills will help you avoid mistakes and complete specific calculations, such as statutory deductions and tax reports, with greater accuracy. 18,543 Payroll Specialist Salaries provided anonymously by employees. 25%. Calmness. What does a payroll specialist do? The duties of a payroll clerk are typically outlined in this way: Perform data entry and reconciling timecards. Payroll Administrator. Payroll specialists work with company finances such as employee salaries and tax information. How much does a Payroll Specialist make in Ohio? same. Specific responsibilities may vary based on the size of the company the payroll specialist works for and the industry of the company, but typically include: Paychex clients and their employees receive access to Paychex Flex, our payroll and HR technology platform. A payroll specialist, sometimes called a payroll clerk, is in charge of the crucial work of paying all of a company's employees correctly and on time. Specific duties and responsibilities of a payroll officer include tracking employee work hours, updating records when an employee's status changes, answering payroll questions employees have and performing calculations with commissions, bonuses, taxes and other deductions. A total rewards specialist sits within the HR department at an organization and works to balance the reward opportunities available to an organization's people, with the organization's goals, budgets, and expectations. above national average. Requirements for payroll and benefit administrators vary. I got this data using ahrefs and plugging in "Name of Payroll Job Title" and the phrase "Job Description" — then measuring . The average salary for a payroll specialist is $27.66 per hour in Saint Louis Park, MN. This team ensures that employees are compensated for the correct amount and on the designated date. Other duties include managing the company budget and expense as well as cooperating with different departments to increase payroll service performance and improve upon the payroll system. Payroll staff are an important part of every business. Staying calm under pressure reduces the likelihood of making mistakes. You'll need a minimum of 18 months of payroll work experience to qualify for CPP certification ( www.americanpayroll.org ). As a Payroll & Benefit specialist for a large state university, our role is different than a payroll specialist for a smaller private company. When a new employee comes to your company, your department determines what their pay rate benefits. Payroll specialists are in charge of addressing and resolving employee complaints regarding wages. Employees who know that their paychecks or direct deposit are going to arrive regularly . Payroll Specialist Responsibilities: Collecting timesheet data and payroll information. Calmness. Payroll Manager. Some software even provides employee self service, so employees can keep their information updated without the payroll specialist having to constantly update the payroll system. It also includes keeping records on those payments and paying taxes on behalf of those employees. The average Payroll Specialist salary in Ohio is $50,187 as of April 26, 2022, but the range typically falls between $44,595 and $56,871.Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. The Payroll Specialist performs highly complex and independent payroll support duties utilizing a major payroll software system. You can also qualify for the CPP credential if you hold the FPC credential, which is open to all . You should know all other payroll laws that affect employee compensation, such as record-keeping, paydays, hiring family members, new-hire reporting and final paychecks. The lowest 10 percent earned less than $29,830, and the highest 10 percent earned more than $61,150. $23.00. Most common benefits. What does a Payroll Specialist do? What does a Payroll and Benfits Specialist do? When you're reconciling payroll for a specific pay period, you'll need to look at your employee's time cards or timesheets for that span of time. How much does a Payroll Specialist make in Saint Louis Park, MN? You may also coordinate with other departments such as human resources and finance, complete new . 7. Payroll Manager. Federal unemployment taxes are made to the IRS on a quarterly basis. A payroll service provider is a company that either assists with or assumes all aspects of payroll on behalf of another business. The entry-level average payroll accountant salary is $40,000 per year, while professionals with 5-9 years of experience earn an average of $55,000 annually. Payscale explains that the average payroll specialist salary in the United States is around $58,000, with an average hourly rate of around $22.38. Calculating payable hours, commissions, bonuses, taxes, and deductions. A payroll administrator will provide support to other financial personnel in an organization such as the accounting and reporting department. Distribute paychecks and statements to department managers. The estimated salary for a Payroll Specialist is $22.42 per hour in Palos Verdes Peninsula, CA. Other duties include managing the company budget and expense as well as cooperating with different departments to increase payroll service performance and improve upon the payroll system. The IRS states that you must use electronic funds transfer ( EFTPS) to make federal tax deposits. Some of these methods are relatively straightforward; others are much more complex and involve multiple stages and more than a little research, all of . Payroll Administrator. A payroll specialist may also work with human resources where they set or keep track of work, vacation and time off schedules. The work of an SEO Specialist can involve optimizing copy and landing pages, creating and updating content, performing ongoing keyword research to identify new marketing opportunities, and more. Payroll is the function of a business paying its employees. As a payroll specialist, you're in charge of everything related to payroll, which is how employees get paid. A payroll specialist will disburse salary according to tracked working hours. 5. $27.66. Other related duties may be assigned. The chart below details how experience affects payroll . Payroll Processor. Most common benefits. They are good with numbers and can be trusted with sensitive information. The U.S. Bureau of Labor Statistics (BLS) indicates that payroll and timekeeping clerks should see -13% decline in job growth from 2020 to 2030. Check to see if their hours are entered correctly and confirm that the hours on their timesheet match what's in your payroll register. Entering data into payroll and administrative databases and software programs. A payroll analyst maintains payroll accounts and processes accounting paperwork. As a payroll analyst, your job duties may include preparing payroll audits, creating garnishment reports, and advising the payroll department on complex transactions. A payroll specialist is primarily responsible for processing payroll and maintaining the employee database regarding salary and pay. One of the respondents, a UK HR professional, says: "Payroll contains confidential and financial information and for that reason it should stay within HR.". Another HR professional agrees: "As HR tends to be more employee-facing, I . In some cases, business owners may also save money when . Payroll administration is an essential function for every business. What does a Payroll Specialist do? Common mistakes such as employee misclassifications happen during onboarding, which impacts your employees' health insurance and retirement benefits, and tax withholdings. Payroll is used at the end of the fiscal year to assess annual employee wages. What does a Payroll and Accounts Receivable Specialist do? As a payroll specialist, you might confirm employee payroll information, such as time and attendance, personal leave and vacation. Senior payroll specialists are professionals who are responsible for calculating the wages of employees of an organization accurately. What Does a Total Rewards Specialist Do? Read the Payroll and Accounts Receivable Specialist job description to discover the typical qualifications and responsibilities for this role. Customer service abilities. These steps can be accomplished manually, but an automated process is usually more accurate and efficient and may help you comply with various payroll regulations. Preparing and processing paychecks and cash deposits. We are the first contact for each school's department or division and coordinate with campus directly with any complicated payroll or benefit issues. 401(k) View more. Having strong math skills will help you avoid mistakes and complete specific calculations, such as statutory deductions and tax reports, with greater accuracy. Payroll Processor. FUTA tax deposits. Payroll specialists should strive to provide . Improved employee engagement. 401(k) View more. Start with clean data. You can also qualify for the CPP credential if you hold the FPC credential, which is open to all . The payroll department's clients may be internal, but payroll pros still need a finely tuned customer service mindset. Those with a bachelor's degree in business or accounting are preferred to get the job. Choosing a Pay Schedule & Pay Method Payment Schedules as national average. via e-banking) Conduct regular audits on payroll procedures and records. At the undergraduate level, one may concentrate in human resources . Step 4. Human resources primarily deals with employee relations, while payroll handles the compensation of employees. Payroll Specialist responsibilities include: Gathering information on hours worked for each employee; Calculating the correct amount incorporating overtime, deductions, bonuses etc. The goal is to ensure personnel receives the correct compensation in a timely manner. The APA offers the Certified Payroll Professional (CPP) and the Fundamental Payroll Certification (FPC) credentials. A payroll specialist is primarily responsible for processing payroll and maintaining the employee database regarding salary and pay. Many employers are looking to recruit payroll professionals who have a strong background in or an aptitude for working with data and analytics. Responsibilities. A payroll specialist is able to use payroll software with accuracy and efficiency. How much does a Payroll Specialist make in Jefferson, WI? Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Payroll staff are an important part of every business. The APA offers the Certified Payroll Professional (CPP) and the Fundamental Payroll Certification (FPC) credentials. File Form 941. A payroll specialist is typically part of the finance team, though it is not uncommon for them to have a background in human resources or to work cross-departmentally. Payroll specialist's responsibilities may range depending on the corporation's payroll requirements. Answering employees' questions and concerns regarding payroll. 3. This Payroll Specialist job description template is optimized for posting on online job boards or careers pages and easy to customize for your company.. Payroll specialists work with company finances such as employee salaries and tax information. As a payroll specialist, you're in charge of everything related to payroll, which is how employees get paid. They keep track of employee wages, work hours, vacation time, and other data using accounting software. Others. These staff members also need to have . The median annual wage for financial clerks was $44,760 in May 2021. You need strong math skills and the ability to use accounting, human . Calculating wages, benefits, tax deductions, commissions, etc. Read the Payroll and Benfits Specialist job description to discover the typical qualifications and responsibilities for this role. A well-defined and streamlined payroll process with a suitable payroll software can help you completely avoid disruptions, cut costs and increase employee satisfaction. What does a Payroll and Accounts Receivable Specialist do? Payroll Specialist Responsibilities: Collecting timesheet data and payroll information. Through this platform, clients can submit payroll online, view critical reports to use for decision-making, and choose to add on other products, such as time tracking, HR functions, and more. Average base salary Data source tooltip for average base salary. Payroll Administrator Job Description Example/Sample/Template Analyze compensation-related data including wages and bonuses. What Does a Payroll Specialist Do A payroll specialist is a member of a company's accounting team and is the person responsible for ensuring all employees are paid what they are owed. On top of that, they might answer phones, do some bookkeeping and answer questions employees have about their paychecks, from benefit deductions to vacation pay. Payroll compliance means complying with a variety of rules in hiring employees, reporting their earnings, treating employees fairly, and withholding and remitting payroll taxes . Conduct new employee . 5. A payroll specialist is primarily responsible for processing payroll and maintaining the employee database regarding salary and pay. On top of that, they might answer phones, do some bookkeeping and answer questions employees have about their paychecks, from benefit deductions to vacation pay. with assistance of a computer system Therefore a natural aptitude for maths and accounting is a must. Payroll specialists must be organized and efficient. Payroll Analyst Salary and Job Growth. Payroll specialists work in the finance or accounting departments of companies of all sizes, from nonprofits to corporations. A payroll specialist will disburse salary according to tracked working hours. Payroll specialists should strive to provide . Calculating wages, benefits, tax deductions, commissions, etc. These specialists are required to analyze and verify payroll reports and documents for accuracy while making the necessary corrections through journal entries or other established procedures. Review timesheets and attendance records and correct inaccuracies. What salary does a Payroll Specialist earn in your area? Our client's employees can also access the . 1. Customer service abilities. Processing new employees, promotions, and terminations. What Does a Payroll Specialist Do? What Do You Really Do? In some cases, you'll enter employee time and attendance into a company's time-keeping software and resolve any problems that arise. Prepare and submit all necessary paperwork for tax deductions, benefits and garnishments. Many employers are looking to recruit payroll professionals who have a strong background in or an aptitude for working with data and analytics. Using payroll software makes it easy to manage all this information for each one of your employees. Payroll specialists work in the finance or accounting departments of companies of all sizes, from nonprofits to corporations. Here are 10 things that HR managers must do to ensure these calculations are accurate. Initial considerations for Payroll Calculations. What salary does a Payroll Specialist earn in your area? They also have great communication skills to interact with colleagues and executives. 7. Others. Pay periods are the dates for which payroll calculations are carried out and span a month, a fortnight or a week. From issuing/distributing paychecks and maintaining tax compliance to calculating payroll deductions and garnishments, administrators wear several hats.If you own a business and are looking to staff your payroll department, here's what you need to know. For example, the U.S. Department of Labor, Wage and Hour Division administers federal paycheck laws. A full-time employee of a company, a talent acquisition specialist works with managers, human resource personnel, and others to research, locate, and qualify individuals for potential employment in a variety of positions within the company structure. Read the Payroll and Accounts Receivable Specialist job description to discover the typical qualifications and responsibilities for this role. He/she makes use of customized software tools that help him/her to easily track and manage all the gamut of the payroll administration system. . While candidates search for the 10 jobs above, employers care most about these top 5 payroll titles and descriptions: Payroll Specialist. Step #2: Confirm employee time cards. Also, they manage the company's budget and expenses and prepare reports for the relevant departments. Pay periods. Payroll Clerk. Each department has its distinct functions, but they intersect at times -- for example, when an employee is hired or fired, when someone gets a raise and when a worker . Payroll specialists provide a number of accounting and time-keeping services. Other duties include managing the company budget and expense as well as cooperating with different departments to increase payroll service performance and improve upon the payroll system. Career Outlook and Salary. The payroll department's clients may be internal, but payroll pros still need a finely tuned customer service mindset. Entering data into payroll and administrative databases and software programs. This arrangement is often beneficial for employers who value their time and want to ensure that their employees and taxes are paid accurately and on schedule. However, their main goal is to make sure employees receive their pay correctly. Form 941 reports your total payroll tax liability and payments from the previous quarter and must be filed with the IRS quarterly. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. Maintaining accurate records of payroll documentation and . PayScale reported that as of 2021, payroll implementation specialists were earning a median annual salary of $61,859. Staying calm under pressure reduces the likelihood of making mistakes. According to the BLS, 24% of accountants work in payroll services and related fields, and the profession experiences an average rate of growth from 2018-2028. 1 It includes distributing money in the form of checks and direct deposits. The duties of a payroll clerk are typically outlined in this way: Perform data entry and reconciling timecards. Distribute paychecks and statements to department managers. 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