what is the work of a payroll specialist?

The payroll specialist is responsible for the correct and timely processing of an organisation’s payroll. You usually work in the human resources (HR) department or the accounting department and organise all procedures related to employees’ remuneration. You collect and record information such as working hours, overtime, leave and compensation entitlements, while calculating deductions, contributions and taxes in accordance with labour and social security legislation.

Additionally, you ensure that internal payroll policies are adhered to and that all data is complete and accurate before each payroll cycle. Also, an important part of your work is communicating with employees and company departments to resolve payroll issues or clarifications.

Payroll specialists work in companies across all sectors, from small businesses to large groups. In smaller companies, the role may be combined with additional HR responsibilities, while in larger organisations it focuses exclusively on payroll. Professional opportunities also exist in payroll service companies or other HR outsourcing services.

Would the role of a payroll specialist suit your interests and skills? Keep reading to find out what qualifications, skills and experience are needed to advance in this profession.

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the average salary of a payroll specialist.

In Greece, gross annual salaries for entry-level positions start from €20,000 up to €24,000. With 2 to 5 years of experience, the salary can reach €25,000 to €40,000 per year, while in senior roles or large corporate groups the earnings can exceed €45,000 annually.

which factors affect the salary of a payroll specialist?

The salary of a payroll specialist is determined by various factors. Work experience and the level of expertise in payroll and labour legislation play an important role. The more complex the tasks you take on, such as managing payroll for a large number of employees or multinational groups, the higher your earnings.

Additionally, professional certifications or training in payroll systems (e.g. SAP, Epsilon Net, Singular Logic) significantly enhance the salary package. The size of the company and the industry sector also influence the salary: large organisations or multinationals tend to offer higher pay compared to small businesses. If you want to increase your salary in the payroll sector, continuous training, acquiring technical skills in HR payroll systems, and experience in labour and tax compliance are important advantages.

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categories of payroll specialists.

The profession of payroll specialist includes different levels of responsibility and expertise, depending on the size of the company and the structure of the payroll department. The main categories are:

Randstad Professional Career
Randstad Professional Career
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working as a payroll specialist.

If the combination of accounting and organisational processes with labour legislation interests you, then the role of a payroll specialist might suit you. As a payroll specialist, you deal daily with processing and managing payroll, maintaining employees’ financial records, and compliance with tax and labour legislation. Below you will find more information about the duties, work environment and prospects of this profession.

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the qualifications and training of a payroll specialist.

To become a payroll specialist, you need to have the following educational qualifications:

  • Education: To work as a payroll specialist, a degree in accounting, finance, business administration or human resources (HR) is usually required. In some cases, you can start with a vocational diploma in payroll or accounting, provided you have practical experience. Additionally, specialisation in labour law is a basic prerequisite, as well as continuous updating on changes regarding EFKA, AADE, benefits and collective labour agreements.
  • Work experience and certifications: Payroll and labour law seminars, as well as certifications in payroll systems or ERP, such as Epsilon Net, Atlantis, SoftOne or SAP HR, significantly strengthen your professional profile. Furthermore, practical experience in payroll, HR or accounting departments is an important advantage for hiring and career advancement in the sector.

the skills and abilities of payroll specialists.

Some of the key skills for the role are:

  • Accounting and numerical ability: It is necessary to be comfortable with numbers and financial calculations, as you process payroll data accurately.
  • Organisational skills: Payroll involves repetitive processes with strict deadlines, so it is important to be able to manage multiple tasks simultaneously and meet deadlines.
  • Attention to detail: Even a small mistake can affect employees’ pay or cause legal consequences for the company. Precision is essential.
  • Knowledge of labour and social security law: You need to be aware of current legislative regulations and changes regarding EFKA, compensations, benefits and employment contracts.
  • Communication skills: You will need to explain payroll issues to employees and collaborate with HR, accounting and management departments.
  • Confidentiality and professionalism: You handle employees' personal and financial data, so you need to have a high level of professional ethics and maintain confidentiality.
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FAQs.

Here you will find answers to frequently asked questions about the profession of a payroll specialist.

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