Average Payroll Specialist with Payroll Administration Skills Salary in India
The average annual salary of Payroll Specialist is ₹4,57,382.00
The starting salary of Payroll Specialist is between ₹2,34,651.00 and ₹2,76,060.00 whereas the maximum salary range is between ₹8,14,800.00 and ₹9,37,020.00.
Minimum Annual Pay | Maximum Annual Pay |
---|---|
₹2,34,651.00 | ₹9,37,020.00 |
Payroll Specialist Salary Comparison by Gender
This pie chart demonstrates the gender share for Payroll Specialist. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, male employees are involved significantly more as Payroll Specialist compared to female. Their involvement is 69% while of female is only 31%.
Salary Distribution Based on Years of Experience
The line graph shows Payroll Specialist salary in India on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Payroll Specialist working less than a year in a company, you notice that their annual salary starts around ₹2,88,400.00.
As the years of experience reaches 1 to 4, there is a significant increase of ₹56,615.80 which would give a total wage of INR345,015.80.
Once the experience reaches 5-9 years Payroll Specialist salary would increase again to a total of ₹6,09,215.03, adding ₹2,64,199.23 from the last salary increase.
After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of ₹7,98,750.00.
Prominent Skills Affecting Payroll Specialist Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Payroll Specialist's salary. It clearly highlights the skills needed for a post of Payroll Specialist when hired by an employer. The skill that is required for Payroll Specialist is Payroll Tax Compliance that affects the salary by 23%.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Payroll Specialist. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is ₹2,92,724.00 whereas the highest earning is ₹8,27,861.00 which clearly shows the salary increases with the level of expertise.
Late Career person will earn the maximum salary of ₹8,27,861.00 at 81%. So to summerize, Entry Level earns 36% less than the average salary, Early Career earns 24% less than the average salary, Mid Carrer earns 36% more than the average salary, Late Career earns 81% more than the average salary.
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