Payroll Directors


Overview

Payroll Directors

Introduction

The payroll director in a business organization is responsible for the administration of the payroll department and management of employee compensation. Depending upon the size of the business and its corporate structure, the payroll director prepares or oversees the preparation and processing of weekly or periodic payroll for employees and addresses payroll tax reporting, benefits and perquisites, accounting and payroll systems, as well as supervising payroll clerks and other employees in the payroll department.

Quick Facts


More

Median Salary

$116,750

More

Employment Prospects

Fair

More

Minimum Education Level

Bachelor's Degree


More

Experience

Three to five years experience


More

Skills

Business Management


More

Personality Traits

Helpful

Earnings

Earnings for those employed as payroll directors vary widely, depending on size of the organization, the magnitude of the job, whether the director is considered a member of the executive management team, and the education and experience of the specific employee. The BLS does not have a specific category for payroll directors, but parallels may be drawn to compensation and benefits managers, de...

Work Environment

Payroll directors work in businesses and organizations, primarily in office settings. Most positions are full time. In the largest of business structures, where payroll directors are responsible for payroll and management activities of companies with more than one business site, payroll directors may travel to implement policies and procedures and coordinate on-site staff at various locations.<...

Outlook

According to the BLS, the outlook for compensation and benefits managers is projected to grow 3 percent from 2018 to 2028, slower than the average. The complexity of payroll requirements and systems has increased the demands for upper level payroll managers and directors within companies. However, there has also been substantial growth of external payroll services, and a shift to outsourcing of...

Related Professions