What does a Payroll Specialist do?

A payroll specialist is primarily responsible for processing payroll and maintaining the employee database regarding salary and pay. 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. Typical career advancements for payroll specialist include a managerial or supervisory role in the company.

Although a high school diploma or equivalent is the minimal requirement for a payroll specialist, an associate's or bachelor's degree in business or accounting is preferred. Due to the nature of the position, a strong knowledge of tax and wage laws and common fiscal procedures is necessary along with excellent communication skills and computer literacy, especially with Microsoft Office applications. Ideal candidates are physically able to sit in front of a computer every work day for long hours at a time.

  • Process payroll for employees in the organization
  • Maintain personnel database regarding salaries
  • Manage organization budget and expenses
  • Report to department supervisor regarding daily activities and issues
  • Work directly with clients to achieve organization goals as required
  • Address and resolve employee complaints relating to the payroll system
  • Work with company database programs to process payroll
  • Prepare reports to relevant departments about payroll, company budget and expense
  • Associate's or bachelor's degree in business or accounting preferred
  • Proven experience in a payroll position in a fast-paced environment required
  • Strong knowledge of tax and wage laws
  • Good understanding of the common fiscal procedures
  • Excellent verbal and written communication skills
  • Strong computer literacy including Microsoft Office applications
  • Exceptional multitasking and organizational skills
  • Able to work effectively with minimal supervision
  • Physically able to work seated in front of a computer for long hours at a time

Average Years of Experience

0 - 1
25%
2 - 4
64%
5 - 7
6%
8+
5%

Common Skill Sets

Microsoft Office Suite
Excellent Organizational
Attention To Detail
Written Communication
Excellent Communication
Excellent Customer Service
Outlook
Microsoft EXCEL

Payroll Specialist Seniority Levels

L2
Payroll Specialist
₹ 5,05,055/yr
L3
L4
Lead Payroll Specialist
No Salary Reports
Payroll Manager
62% made the transition
HR Manager
15% made the transition
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Payroll Specialist Salaries

Average Base Pay

₹ 5,05,055 /yr
Same as national average
Not including cash compensation
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₹260K
Median: ₹505K
₹746K
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Glassdoor Estimated Salary

Payroll Specialist jobs

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