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What is the average salary for a payroll specialist?

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Quick Answer

The average annual salary for payroll and timekeeping clerks is $40,910 as of 2015, according to the U.S. Bureau of Labor Statistics. Salaries vary depending on industry, years of experience and location. Payroll specialists command the highest salaries in the District of Columbia, Massachusetts and Alaska.

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Full Answer

Payroll specialists work in a wide variety of industries, where they are responsible for processing time cards and payrolls for all personnel. This job requires knowledge of database management and finance, including an understanding of IRS regulations, wage and labor laws, union regulations and budgetary operations. Payroll clerks generally gain these skills by completing associate or bachelor's degrees in accounting or related fields.

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