Wynn Regional Medical Center (WRMC) has one Payroll Specialist working in Human Resources
Scenario
Wynn Regional Medical Center (WRMC) has one Payroll Specialist working in Human Resources. Due to the increased work and demand for payroll and benefits, there is a need to hire a Senior Payroll Specialist. The current Payroll Specialist started as a contract employee and has worked at WRMC for ten years. Unfortunately, he does not qualify for the Senior Payroll Specialist position because he does not have a college degree so he will report directly to the Senior Payroll Specialist. His current salary is $55,000.
Instructions
As the newly hired Vice President of Human Resources, you are tasked with developing a job description and salary range for the new Senior Payroll Specialist position that will be posted publicly. The job description should be a Word document and address the following:
Job Duties
What will the candidate have to do? Please list a minimum of five (5) bullet points with examples.
Education Requirements
What type of education is required? Do you have a preference for degree specialization? Human Resources? Business Management? Finance? Is the specialization required or preferred?
Experience Requirements
Will you require the candidate to have a certain number of years of experience? Does the experience have to be in payroll or any Human Resources department?
Salary Range
Search salary ranges for “Senior Payroll Specialists”. What is the minimum salary that you would recommend? What is the maximum potential wage that you would recommend? How will you determine the salary to offer the candidate? Please be specific in terms of what constitutes a person receiving the maximum compensation.
Job Benefits
Bonus
Insurance
PTO
Sample Solution
Job Description: Senior Payroll Specialist
Job Duties:
- Oversee and manage the day-to-day payroll operations, including processing payroll, reconciling payroll reports, and ensuring compliance with federal, state, and local tax laws and regulations.
- Manage and oversee the benefits administration, including enrollment, changes, and terminations.
- Conduct regular audits of payroll and benefits processes to identify and resolve errors and discrepancies.
- Research and implement new payroll and benefits systems and processes to improve efficiency and accuracy.
- Provide guidance and support to employees regarding payroll and benefits issues.
- Train and mentor the Payroll Specialist on payroll and benefits procedures and policies.
- Prepare and analyze payroll and benefits reports for management.
Education Requirements:
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
Experience Requirements:
- Minimum of five (5) years of experience in payroll and benefits administration.
- Experience with payroll and benefits software, such as ADP, Paycom, or Workday.
- Strong knowledge of federal, state, and local tax laws and regulations.
- Excellent organizational, analytical, and problem-solving skills.
- Strong attention to detail and accuracy.
- Excellent written and verbal communication skills.
Full Answer Section
Salary Range:
Based on industry standards and market research, we recommend a salary range of $70,000 to $90,000 per year for the Senior Payroll Specialist position. The final salary offer will be determined based on the candidate's qualifications, experience, and negotiation skills. Factors that may influence the final salary offer include:
- Years of experience: Candidates with more years of experience in payroll and benefits administration may be offered a higher salary.
- Certifications: Candidates with relevant certifications, such as CPP or CPBP, may be offered a higher salary.
- Education: Candidates with advanced degrees, such as a Master's degree, may be offered a higher salary.
- Negotiation skills: Strong negotiation skills can help candidates secure a higher salary offer.
Job Benefits:
- Competitive salary
- Comprehensive health insurance coverage
- Paid time off (PTO)
- 401(k) retirement plan with employer match
- Short-term and long-term disability insurance
- Life insurance
- Bonus opportunities based on performance and company goals
By offering a competitive salary and comprehensive benefits package, WRMC can attract and retain top talent for this critical role.