Create Human Resources And Organizational Development Strate

create Human Resources And Organizational Development Strate

Develop a comprehensive job description and salary range for a Senior Payroll Specialist position at Wynn Regional Medical Center (WRMC). The document should include detailed sections on job duties, educational requirements, experience requirements, and salary range considerations. The job description will be publicly posted to attract qualified candidates, and the salary range should be grounded in current market data.

Paper For Above instruction

Wynn Regional Medical Center (WRMC) is seeking to hire a qualified Senior Payroll Specialist to support its expanding human resources functions, particularly in payroll and benefits management. The following job description and salary range are designed to attract skilled professionals capable of managing complex payroll operations and contributing to organizational development.

Job Duties

The Senior Payroll Specialist will be responsible for a variety of critical payroll functions to ensure accurate and timely compensation of staff. Key responsibilities include:

• Processing bi-weekly payroll for all hospital staff, including salary, overtime, bonuses, and deductions, ensuring compliance with federal and state regulations.
• Managing employee benefits administration, including health insurance, retirement contributions, and leave entitlements, ensuring accuracy and employee communication.
• Maintaining and updating payroll records within the HR information system to reflect new hires, terminations, and changes in employee compensation.
• Auditing payroll transactions regularly to detect and resolve discrepancies, ensuring adherence to internal policies and external regulations.
• Providing guidance and support to staff and management regarding payroll policies, tax issues, and benefits queries, acting as a liaison between employees and the finance department.

Education Requirements

The ideal candidate will possess a bachelor’s degree, with a preference for degrees in Human Resources, Business Management, Finance, Accounting, or related fields. While a degree in Human Resources or Business Management is preferred, candidates with a degree in Finance or Accounting are also considered suitable, provided they have relevant payroll experience.

Specialization in payroll, human resources, or business administration is desirable but not mandatory; however, applicants should demonstrate a strong understanding of payroll legislation and principles.

Experience Requirements

Applicants should have a minimum of three (3) to five (5) years of progressive experience in payroll processing within a healthcare or large organizational setting. Experience specifically in payroll is preferred; however, experience within human resources departments with payroll responsibilities will be considered. Knowledge of healthcare-specific payroll systems and compliance requirements is highly advantageous.

Salary Range

Research indicates that the current market salary for a Senior Payroll Specialist in similar healthcare settings ranges between $65,000 and $85,000 annually. Based on this data, it is recommended that WRMC offer a salary minimum of $65,000. The maximum recommended salary would be $85,000, contingent on the candidate’s experience, credentials, and demonstration of relevant skills.

To determine the appropriate salary offer, considerations include the candidate’s years of experience, technical expertise, familiarity with healthcare payroll systems, and overall contribution potential. For instance, a candidate with over five years of relevant experience, extensive healthcare payroll knowledge, and professional certifications such as Certified Payroll Professional (CPP) would merit the upper range of $85,000. Conversely, a candidate with less experience but strong educational credentials might be offered closer to the minimum salary of $65,000.

This structured approach ensures competitive compensation aligned with market standards and organizational budget constraints.

References

• PayScale. (2023). Senior Payroll Specialist Salary. Retrieved from https://www.payscale.com
• Bureau of Labor Statistics. (2023). Occupational Employment and Wages, May 2023: Payroll and Timekeeping Clerks. U.S. Department of Labor.
• Society for Human Resource Management. (2023). Compensation & Benefits. SHRM Resources.
• Indeed. (2023). Senior Payroll Specialist Salary Trends. Retrieved from https://www.indeed.com
• National Compensation Survey. (2023). Compensation Data for Payroll Clerks and Specialists. BLS.
• American Payroll Association. (2023). Certified Payroll Professional (CPP) Certification Guide.
• Glassdoor. (2023). Salary Data for Payroll Specialists. Retrieved from https://www.glassdoor.com
• HR Dive. (2023). Compensation strategies for healthcare payroll staff. HR Dive News.
• Healthcare Financial Management Association. (2022). Payroll and Benefits Management in Healthcare.
• Harvard Business Review. (2023). Designing Competitive Compensation. HBR Publishing.