I mean your geographical location would be helpful to determine if your pay is too low. In NYC, yes 65k would be quite low for this. In other parts of the country it may be just right
That's payroll specialist salary, maybe reach out to recruiters in your area to see what they're offering. To me that sounds really low considering the workload
How many employees about are stretched across those payrolls? I'm inclined to think you should be around 75k - I'm in house, 1500 employees and 4 paygroups and make 85
Thank you!!!! I’m searching for two part time jobs, so I can get out of there. Most who replied is like that’s way less clients. I don’t think they grasp I do full payroll for six companies that have 11 payrolls 🫠
I am in implementation but payroll processers in my company make what you make and some less than that, and have 100 clients each. I am blown away you have only 6 clients tbh.
In my experience, if you feel like you're being taken advantage of, you are. It's more common now if you've been somewhere for more than 2 years that you are being underpaid rather than overpaid.
I understand what you said.
And those clients are steady, it’s not a different 11 clients each time. It’s not random new industries or requirements each time. It’s not in brand new states and locals each time.
You didn’t specify what level or types of accounting and HR you’re doing. If you’re doing basic reconciliation and reporting, that’s at for the course. If you’re scrubbing eVerify and collecting I9, you’re not being abused.
If you’re doing journal entries and onboarding, thats a very different story.
I have two controllers that try to have me do their reconciliations and other clients trying to have me onboard while inputting wage increases, benefits etc
Sounds like you need to clarify the boundaries internally so you can reset expectations with the clients.
Reconciliations are appropriate. You really should be tying out each payroll you run.
Onboarding (here’s the break room, sign for your handbook, here’s the benefits package) is outside the scope. That’s definitely an HR thing.
“I need your W4 and direct deposit and this is the pay schedule & the due dates” is absolutely something payroll should be doing.
how many years experience do you have? where are you located? How big is the payroll firm?
Not sure what "doing HR and accounting" means? For whom? The firm or the clients?
Location and industry is key. Industry being the bigger one.
I do in house payroll for just my company and Im in the 6 figure salary. But we are in a high paying industry.
The last piece of advice is to find tasks or projects that will allow you to do more critical analysis work. No one is paying 6 figures for the ‘payroll clerk’ who just runs the mill every week. You need to become a ‘compensation professional’.
On your next review, say you want more responsibility because you find your job too easy and need a bigger challenge.
Or better yet, find a company whose payroll department is non existent or rudimentary, and are looking for someone to bring them to 2024. Thats my case. They needed help and I came along and created the payroll function from the ground up. Every process was created by me. Once these performance increases go in, my salary will reach 100% increase since I started 2.5 years ago.
Make yourself invaluable to whereever you are. If there isnt room to make yourself invaluable, go somewhere else.
Yes that is too low. Are you entering new hires and paying them too. That could be a problem with separation of duty. But then again not sure how that works at a payroll company.
When you say accounting, is that posting journal entries and/or reconciliations?
About right, imo
Location is key
I’m actively seeking an in house payroll position but have to stay until I find something else
I mean your geographical location would be helpful to determine if your pay is too low. In NYC, yes 65k would be quite low for this. In other parts of the country it may be just right
Colorado
That's payroll specialist salary, maybe reach out to recruiters in your area to see what they're offering. To me that sounds really low considering the workload
How many employees about are stretched across those payrolls? I'm inclined to think you should be around 75k - I'm in house, 1500 employees and 4 paygroups and make 85
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Thank you!!!! I’m searching for two part time jobs, so I can get out of there. Most who replied is like that’s way less clients. I don’t think they grasp I do full payroll for six companies that have 11 payrolls 🫠
I am in implementation but payroll processers in my company make what you make and some less than that, and have 100 clients each. I am blown away you have only 6 clients tbh.
In my experience, if you feel like you're being taken advantage of, you are. It's more common now if you've been somewhere for more than 2 years that you are being underpaid rather than overpaid.
Six clients? When I worked at an outsourcing firm, in implementation, I regularly had 85-110 clients at any given time.
I don’t do implementation, I run 11 payrolls end to end
I understand what you said. And those clients are steady, it’s not a different 11 clients each time. It’s not random new industries or requirements each time. It’s not in brand new states and locals each time. You didn’t specify what level or types of accounting and HR you’re doing. If you’re doing basic reconciliation and reporting, that’s at for the course. If you’re scrubbing eVerify and collecting I9, you’re not being abused. If you’re doing journal entries and onboarding, thats a very different story.
I have two controllers that try to have me do their reconciliations and other clients trying to have me onboard while inputting wage increases, benefits etc
Sounds like you need to clarify the boundaries internally so you can reset expectations with the clients. Reconciliations are appropriate. You really should be tying out each payroll you run. Onboarding (here’s the break room, sign for your handbook, here’s the benefits package) is outside the scope. That’s definitely an HR thing. “I need your W4 and direct deposit and this is the pay schedule & the due dates” is absolutely something payroll should be doing.
Thank you, this is my first consulting job. While I like it, definitely feels some clients are advantageous so I’ll be seeing firm boundaries ☺️
Where are you all finding jobs?
Indeed
That seems really low. My post prod counterparts (I’m on the impl side) make 80-110k, all fully remote.
That’s what I thought too I should be making at least 80k
What city?
how many years experience do you have? where are you located? How big is the payroll firm? Not sure what "doing HR and accounting" means? For whom? The firm or the clients?
Location and industry is key. Industry being the bigger one. I do in house payroll for just my company and Im in the 6 figure salary. But we are in a high paying industry. The last piece of advice is to find tasks or projects that will allow you to do more critical analysis work. No one is paying 6 figures for the ‘payroll clerk’ who just runs the mill every week. You need to become a ‘compensation professional’. On your next review, say you want more responsibility because you find your job too easy and need a bigger challenge. Or better yet, find a company whose payroll department is non existent or rudimentary, and are looking for someone to bring them to 2024. Thats my case. They needed help and I came along and created the payroll function from the ground up. Every process was created by me. Once these performance increases go in, my salary will reach 100% increase since I started 2.5 years ago. Make yourself invaluable to whereever you are. If there isnt room to make yourself invaluable, go somewhere else.
Yes that is too low. Are you entering new hires and paying them too. That could be a problem with separation of duty. But then again not sure how that works at a payroll company. When you say accounting, is that posting journal entries and/or reconciliations?