Payroll clerks are financial clerks who generally work in the human resources field. These professionals collect data pertaining to employee work hours and pay rates. They confirm and record employee attendance and the hours worked, and they may set up direct deposits or other specialized financial transactions. They are also responsible for posting accurate data into payroll systems to ensure employees receive correct paychecks on time. Though payroll clerks often work closely with human resources managers and others in this field, they work in every industry, from finance to manufacturing to education.
Payroll Clerk Job Education Requirements
To become a payroll clerk, most candidates need a high school diploma or its equivalent. Some may also need to complete college-level courses in business or economics, but most receive training on the job. Candidates who excel in this field generally have superior math skills, and organizational and interpersonal communication skills. Payroll clerks who hold associate's or bachelor's degrees typically have an advantage over others seeking jobs in this field.
Payroll Clerk Job Market
In general, the job market for payroll clerks shows signs of growing at an average rate. Payroll clerks continue to be vital to companies with both small and large employee rosters, but advanced software applications and online timekeeping programs increasingly reduce the need for human payroll clerks. Overall, automation is the biggest threat to this occupation, though the large number of retiring workers in this field will create numerous job openings.
Payroll Clerk Job Salary Information
On average, payroll clerks earn about $38,000 a year, which is on the high end of the pay scale in the larger financial clerk field. Overall, financial clerks earn an average of $35,000, with the lowest-paid clerks earning about $24,000 and the highest-paid employees earning over $52,000 a year.