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Payroll specialist vs payroll analyst

The differences between payroll specialists and payroll analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a payroll specialist and a payroll analyst. Additionally, a payroll analyst has an average salary of $54,217, which is higher than the $46,462 average annual salary of a payroll specialist.

The top three skills for a payroll specialist include customer service, data entry and payroll data. The most important skills for a payroll analyst are customer service, payroll system, and payroll data.

Payroll specialist vs payroll analyst overview

Payroll SpecialistPayroll Analyst
Yearly salary$46,462$54,217
Hourly rate$22.34$26.07
Growth rate-3%-3%
Number of jobs6,60915,555
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 60%
Average age4848
Years of experience44

What does a payroll specialist do?

It is the primary duty of a payroll specialist to process payroll and maintain an accurate record of the personnel database and ensure employees are paid on time. Payroll specialists are in charge of addressing and resolving employee complaints regarding wages. Also, they manage the company's budget and expenses and prepare reports for the relevant departments. Those with a bachelor's degree in business or accounting are preferred to get the job. Candidates with related job experience and strong knowledge of tax, wage laws, and a good understanding of standard fiscal procedures are highly qualified for the position.

What does a payroll analyst do?

A payroll analyst is primarily in charge of overseeing a company's payroll processes and transactions, ensuring efficiency and timeliness. Their responsibilities typically revolve around coordinating with human resources for accurate and complete timesheets and employee data, managing calendars and schedules, calculating wages and deductions, and performing consistent audits. There are also instances when a payroll analyst must perform clerical tasks such as processing documents, prepare progress reports, and respond to employee inquiries. Furthermore, it is essential to report to managers should there be any issues and concerns.

Payroll specialist vs payroll analyst salary

Payroll specialists and payroll analysts have different pay scales, as shown below.

Payroll SpecialistPayroll Analyst
Average salary$46,462$54,217
Salary rangeBetween $34,000 And $61,000Between $39,000 And $74,000
Highest paying CityWashington, DCOlympia, WA
Highest paying stateConnecticutWashington
Best paying companyCambridge AssociatesVarian Medical Systems
Best paying industryTechnologyTechnology

Differences between payroll specialist and payroll analyst education

There are a few differences between a payroll specialist and a payroll analyst in terms of educational background:

Payroll SpecialistPayroll Analyst
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Payroll specialist vs payroll analyst demographics

Here are the differences between payroll specialists' and payroll analysts' demographics:

Payroll SpecialistPayroll Analyst
Average age4848
Gender ratioMale, 17.3% Female, 82.7%Male, 24.2% Female, 75.8%
Race ratioBlack or African American, 9.8% Unknown, 6.1% Hispanic or Latino, 18.2% Asian, 6.0% White, 58.5% American Indian and Alaska Native, 1.5%Black or African American, 10.1% Unknown, 6.1% Hispanic or Latino, 18.6% Asian, 6.1% White, 57.6% American Indian and Alaska Native, 1.5%
LGBT Percentage10%10%

Differences between payroll specialist and payroll analyst duties and responsibilities

Payroll specialist example responsibilities.

  • Manage a bi-weekly payroll in accordance with establish processes, including auditing timekeeping records for compliance with establish standards and policies.
  • Handle all FMLA, insurance, employee benefits and processing the payroll on bi-weekly bases through the KRONOS timekeeping system.
  • Utilize KRONOS for timekeeping and to administer security access.
  • Prepare payroll journal entry and provide guidance in general ledger reconciliations pertaining to payroll general ledger accounts and labor expense distribution
  • Establish new hires in the KRONOS timekeeping system and provide guidance and assistance to associates to communicate their responsibilities regarding payroll/timekeeping.
  • Input employee data into Lawson payroll program while using the utmost integrity to keep information confidential.
  • Show more

Payroll analyst example responsibilities.

  • Manage all activities relate to base pay, overtime, PTO, garnishments and payroll tax.
  • Perform monthly accounting functions including journal entries, general ledger account reconciliations, benefit and salary accruals, and headcount reconciliations.
  • Create PowerPoint slides to train new timekeepers and managers in KRONOS.
  • Lead functional tester in support of timekeeping, payroll and labor upgrades and conversion projects.
  • Support the third-party web applications like KRONOS and custom-built time entry systems to input the time data
  • Enter new hires, terminations, and employee maintenance changes into HRIS & ADP including process employee benefit elections.
  • Show more

Payroll specialist vs payroll analyst skills

Common payroll specialist skills
  • Customer Service, 13%
  • Data Entry, 7%
  • Payroll Data, 5%
  • Human Resources, 4%
  • ADP Workforce, 4%
  • Kronos, 3%
Common payroll analyst skills
  • Customer Service, 11%
  • Payroll System, 6%
  • Payroll Data, 4%
  • Human Resources, 4%
  • Reconciliations, 4%
  • Data Entry, 3%

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