Payroll Clerk Job Responsibilities:
Pays employees by calculating pay and deductions and issuing checks. Maintains payroll information by collecting, calculating, and entering data into the payroll system, as well as retrieving data when necessary. Updates payroll records by entering changes in exemptions, insurance coverage, savings deductions, and job title and department/division transfers. Prepares reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages. Determines payroll liabilities by calculating employee federal and state income and social security taxes and employer’s social security, unemployment, and workers compensation payments. Communicates payroll deductions to retirement administrators for 401(k) plans and other pre-taxation savings plans. Assist with monthly, quarterly, or year-end calculations of bonuses and other salary-based compensation. Resolves payroll discrepancies by collecting and analyzing information and interacting with HR. Provides payroll information by answering questions and requests. Maintains payroll operations by following policies and procedures, and reporting needed changes. Maintains employee confidence and protects payroll operations by keeping information confidential.