Saturday, December 14, 2019
Payroll Salaries to Offer in 2019
Payroll Salaries to Offer in 2019Payroll Salaries to Offer in 2019Whether you need new talent to replace a departing worker or because your payroll department is growing, one thing is clear You need to offer as competitive a salary as possible to land a top candidate. But you cant just pick a number out of the air. You probably shouldnt even base it on what the previous employee made.Compensation fluctuates over time and with industry demand. To settle on a good salary range, it helps to know what other companies in your market are offering - then match or beat them.So how do you find that perfect balance of a starting salary that will secure the part you want in the position without overpaying?Enter Robert Halfs Salary Calculator. A companion to The 2019 Salary Guide for Accounting and Finance Professionals, this handy online tool helps you determine the appropriate payroll salaries for your departments vacancies.Using the Salary CalculatorAll you need are a few key details. From t he calculators dropdown menus, select an area of specialization (Accounting Finance, for payroll salaries), the job category (Operational Support), the relevant job title, then your state and city. The fruchtwein current salary range for that position will automatically pop up.On the low end of the scale are candidates who are new to a position and may still be developing their skills. At the top of the range are professionals with a rich work history and several years of relevant experience. These candidates usually have attained their Certified Payroll Professional (CPP) credential and at least a bachelors degree.Underneath the range is the midpoint salary for the position in your market. This is the standard starting compensation for a candidate with average experience and the necessary skills to get the job done.In-demand role payroll managerOur recruiters place finance and accounting professionals in companies all over the country. When compiling each years Salary Guide, we as k our staffing specialists to name the positions that hiring managers have been paying a premium to fill. For the past decade, payroll manager has consistently made the list.Its simple to see why. Businesses in many sectors are booming, including real estate, manufacturing and healthcare, which means increased hiring activity and more employees to pay. New tax laws and other legislation require companies to stay on top of myriad issues related to payroll, benefits, data privacy and more. Financial software makes it easier than ever to automate processes and analyze data, and employers require tech-savvy professionals to get the most out of online payroll platforms and enterprise resource planning (ERP) systems.To recruit experienced payroll managers and supervisors, companies are willing to boost wages and offer sign-on bonuses and other incentives. The national midpoint salary for the role is $72,750 (use the Salary Calculator to adjust it for your city).SEE THETEMPORARY ROLES WE P LACEPayroll salaries for 2019To help you get a better picture of current compensation trends, heres an overview of the anticipated payroll salaries for three other key positions this year, along with salary midpoints in specific U.S. marketsPayroll clerkNational average salary range $32,250-$60,750National midpoint $39,000Stockton, Calif. $33,930Springfield, Mass. $39,390New York, N.Y. $54,795Payroll coordinator/administratorNational average salary range $38,500-$72,750National midpoint $46,000Duluth, Minn. $36,616Greensboro, N.C. $46,000Chicago, Ill. $56,810Payroll manager/supervisorNational average salary range $59,250-$126,250National midpoint $72,750Macon, Ga. $59,655Tampa, Fla. $72,386San Francisco, Calif. $102,578Benefits, perks and incentivesThe Salary Calculator helps you quickly pinpoint current payroll salaries, but dont forget the bigger picture. Because payroll specialists are in high demand, job seekers know they have choices. They give a high priority to competitive me dical benefits, healthy work-life balance and the other extras that make the difference between a good job and a great one.For the Salary Guide, surveyed HR managers across North America to discover what candidates want mostBenefits - assistance with basic needs, usually nonmonetaryHealth insurancePaid time off, with an average of 10 daysRetirement savings planPerks - privileges sometimes tied to performance or seniority, usually nonmonetaryFlexible work scheduleCompressed workweekTelecommutingIncentives - motivational rewards often tied to performance, usually monetaryAnnual or biannual bonusProfit sharing planSign-on bonusTo land the payroll professionals your department needs, you must understand the latest compensation trends in your market. Get all the information you need - and more - with the powerhouse combo of the Salary Calculator and Salary Guide.
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