| View Related Salaries: |
What does a Payroll Analyst earn?
Payroll Analysts typically earn around £20,400 annually in the UK. They work with employers of all sizes providing assistance in processing wages and handling payroll related tasks. Depending on the company, they may also provide advice on HR and compliance matters. Payroll Analysts may choose to specialise in a particular field such as employee benefits, international payroll, or employment law.
How to earn more as a Payroll Analyst
To become a payroll analyst, you'll need a degree in payroll, business management or finance. Alternatively, you can take on a degree apprenticeship. To increase your earnings as a payroll analyst, you could move into specialised areas such as payroll law or payroll compliance management. Alternatively, climb the ranks to managerial positions within the finance field. Self-employment is also an option, or you could set up your own payroll bureau. The most well-remunerated payroll analysts can earn up to £40,000 a year.
Min: £2.00 Max: £40,000.00
Average Payroll Analyst Salary in UK : £20,445.17
Read about Payroll Analyst salaries, related jobs and salary information across the UK
Payroll Analyst Salary data from the ONS
Minimum
Median
Maximum
Age Group
Recommended Payroll Analyst Jobs in UK
Average Salary for Payroll Analyst compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Payroll and Timekeeping Assistant Clerk Salary in UK | £25,651.97 |
| Payroll Clerk Salary in UK | £26,217.00 |
| Payroll and Timekeeping Clerk Salary in UK | £26,419.14 |
| Billing Clerk Salary in UK | £26,772.30 |
| Cash and Credit Controller Salary in UK | £28,726.34 |
| Bill and Account Collector Salary in UK | £29,183.95 |
| Billing Administrator Salary in UK | £31,773.55 |
| Payroll Coordinator Salary in UK | £33,392.66 |
| Payroll Specialist Salary in UK | £33,582.69 |
| Payroll Manager Salary in UK | £35,469.19 |
| Billing Manager Salary in UK | £40,734.26 |
Salary by Region
Compare Payroll Analyst salaries across different regions
| Region | Salary |
|---|---|
| South East | £40,487.00 |
Annual Job Ads by Region
Understanding the Average Payroll Analyst Salary in the UK
As a Payroll Analyst in the UK, it is important to have a clear understanding of the average salary in this field. According to average Accounting salaries, the average salary for a Payroll Analyst in the UK is £20,400 per year. This figure can vary depending on factors such as experience, qualifications, and location.
Salary Expectations for Newly Qualified Payroll Analyst
If you are a newly qualified Payroll Analyst, it is essential to have realistic salary expectations. To get an idea of the current salary range, you can explore the available opportunities on the job market by visiting job search websites. These platforms provide valuable insights into the salary expectations for entry-level positions in the UK.
Salaries for Experienced Payroll Analyst
Experienced Payroll Analysts in the UK can expect higher salaries compared to their newly qualified counterparts. The exact salary range for experienced professionals can vary, but it typically falls between £0 and £40,000 per year. Factors such as years of experience, additional qualifications, and job performance can influence the salary offered to experienced Payroll Analysts.
Creating a Payroll Analyst CV
When applying for a Payroll Analyst position, having a well-crafted CV is crucial. To ensure your CV stands out from the competition, you can use a professional CV template specifically designed for Payroll Analysts. This template will help you highlight your skills, experience, and qualifications in a clear and concise manner, increasing your chances of securing an interview.
Career Development Opportunities for Payroll Analyst
As a Payroll Analyst, there are various career development opportunities available to enhance your professional growth. You can explore different paths within the field, such as becoming a Payroll Manager or transitioning into a related role in finance or human resources. To learn more about the career progression options for Payroll Analysts, you can seek career advice from industry professionals.
Comprehensive Compensation for Payroll Analyst
Aside from the base salary, Payroll Analysts in the UK may receive additional compensation in the form of benefits and bonuses. These can include health insurance, pension contributions, performance-based bonuses, and more. The comprehensive compensation package for Payroll Analysts can significantly contribute to their overall financial well-being.
Strategies for Increasing Your Salary as a Payroll Analyst
If you aspire to increase your salary as a Payroll Analyst, there are several strategies you can employ. These include continuously updating your skills and knowledge through professional development courses, obtaining relevant certifications, and taking on additional responsibilities within your role. By demonstrating your value and expertise, you can negotiate for higher remuneration.
Professional Development and Earnings
Investing in your professional development as a Payroll Analyst can have a direct impact on your earnings. By staying up-to-date with industry trends, attending conferences, and participating in relevant training programs, you can enhance your skills and knowledge, making yourself more valuable to employers. This, in turn, can lead to higher earning potential and career advancement opportunities.
Capitalising on Extra Hours and Duties
As a Payroll Analyst, there may be opportunities to earn additional income by taking on extra hours or duties. Some companies offer overtime pay for working beyond regular office hours, while others may provide incentives for taking on additional responsibilities or projects. By capitalising on these opportunities, you can increase your overall salary as a Payroll Analyst.
