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This question is about what a payroll specialist does, payroll specialist, and payroll specialist jobs.
How much do payroll specialists make?
Payroll specialists make around $47,000 in a year. This can range from a lower end of around $40,000 to a high-end salary of around $65,000 per year.
Several factors can influence the salary of a payroll specialist. These factors can include experience, education, industry, company, and location. All five of these components combined will influence the salary of a payroll specialist.
While entry-level salaries for payroll specialists may be lower than the median $47,000 a year, the reverse is also true. It is not uncommon for experienced payroll specialists to make $55,000 to $65,000 a year.
This is especially true if a payroll specialist has an associate's or bachelor's degree in accounting, as their level of education will provide them additional credentials to earn higher incomes.
Additionally, industry makes a large impact on salary. This is especially true if a payroll specialist works at a large and influential company in the finance and insurance sectors. These payroll specialists can earn up to $70,000 a year for their services.
Other industries that tend to have higher than average salaries are technology companies, energy companies, and any company that is large or has a complex business model.
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