As an expert in the field of human resources and payroll management, I have a deep understanding of the various factors that can influence the salary of a payroll specialist. The salary for this role can vary greatly depending on a number of factors including geographical location, level of experience, the size of the company, and the industry in which they work. It's also important to note that salary data can change over time, so it's always a good idea to look at the most recent and relevant information available.

Firstly, let's talk about the geographical location. The cost of living can vary significantly from one part of the country to another, and this often directly impacts the salaries for various roles. For instance, a payroll specialist working in a major city like New York or San Francisco might expect to earn a higher salary than someone in a smaller city or a rural area due to the higher cost of living.

Secondly, experience plays a crucial role in determining the salary of a payroll specialist. Entry-level specialists typically earn less than those who have been in the field for several years. As they gain more experience and take on more responsibilities, their earning potential increases. This is a common trend across many professions.

Company size is another factor to consider. Larger companies often have more resources and can afford to pay higher salaries than smaller companies. Additionally, larger companies may have more complex payroll systems and processes, which can command a higher salary for the specialists who manage them.

Industry can also influence the salary of a payroll specialist. Some industries may pay more than others due to various factors such as demand for the role, the complexity of the payroll processes, and the financial health of the industry.

Now, let's discuss the data provided. According to the Bureau of Labor Statistics (BLS), as of May 2010, payroll specialists earned a mean average salary of $38,080. It's important to note that this data is from 2010, and as mentioned earlier, salary data can change over time. The national median salary for this occupation was reported as $37,160 per year, or $17.87 per hour. The median salary is often a more accurate reflection of what most workers in a role earn, as it is not affected by extremely high or low salaries that can skew the mean average.

However, it's also important to consider that these figures are national averages and may not reflect the salary for a payroll specialist in a specific location or company. To get a more accurate picture, one would need to look at more recent data and consider the specific circumstances of the job in question.

In conclusion, while the BLS data provides a starting point, it's essential to consider the various factors that can influence the salary of a payroll specialist. It's always a good idea to research current salary data for your specific location and industry to get a more accurate understanding of what you might expect to earn in this role.

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According to the Bureau of Labor Statistics, payroll specialists earned a mean average salary of $38,080 as of May 2010. The national median salary for this occupation is $37,160 per year or $17.87 per hour.read more >>