Payroll & Benefits Team Lead

The Payroll & Benefits Team Lead supervises the processing of payroll as well as benefits management. They oversee the team and ensure accuracy and timely payments to employees. The team leader handles questions from employees, solves problems and keeps up-to-date regarding payroll regulations. They work with finance and HR to improve and implement the payroll and benefits system. This job requires leadership abilities, a keen eye for specifics, and a thorough understanding of compliance. A bachelor's degree as well as previous experience in payroll and benefits is typically required for this job.

As a Payroll & Benefits Team Lead with 6-9 years of experience in the United States, your main responsibilities include:

• Oversee payroll processing, ensuring accurate and timely distribution of employee salaries and benefits.Manage payroll systems, maintain payroll records, and comply with federal and state payroll regulations.
• Implement and maintain employee benefits programs, including health insurance, retirement plans, and vacation policies.Advise employees on benefit options, enrollments, and changes, and resolve benefit-related inquiries.
• Coordinate with HR and Finance departments to ensure alignment of payroll and benefits processes.Collaborate on budget planning, forecasting, and audit preparation related to payroll and benefits.
• Stay updated with legal and regulatory changes, communicating updates and ensuring compliance in payroll and benefits practices.

For a Payroll & Benefits Team Lead job role, the following qualifications are required:

• In-depth knowledge of payroll and benefits processes, including tax regulations, compensation structures, and employee benefits administration.
• Strong leadership skills to effectively manage a team of payroll specialists, providing guidance and support for payroll processing, benefit enrollments, and compliance with policies and procedures.
• Excellent problem-solving abilities to identify and resolve payroll discrepancies, employee inquiries, and benefits-related issues in a timely and accurate manner.
• Exceptional attention to detail and accuracy to ensure payroll processing, benefit deductions, and reporting are completed with precision, adhering to company policies and legal requirements.

The role of a Payroll & Benefits Team Lead is crucial in ensuring efficient payroll processing and managing employee benefits. For professionals with 6-9 years of experience in the United States, here are following alternative roles worth considering:

• Human Resources Manager: A position focused on overseeing all aspects of HR, including talent acquisition, employee relations, performance management, and compliance.
• Compensation and Benefits Manager: A role centered around designing and implementing compensation and benefits programs, ensuring competitive packages and compliance with regulations.
• HRIS Manager: A position responsible for managing the HR information system, including data management, system administration, and process improvement.
• HR Operations Manager: A role that involves managing HR processes and procedures, such as payroll, onboarding, offboarding, and HR policy implementation.

The role of Payroll & Benefits Team Lead in the United States is expected to witness strong growth in the job market. Over the past 10 years, the demand for professionals in this role has steadily increased. With companies focusing more on employee benefits and compliance, the need for skilled individuals to manage payroll and benefits has become crucial. According to recent data, it is projected that the employment opportunities for Payroll & Benefits Team Leads will continue to rise in the coming years. Google trends reflect a growing interest in this field, indicating a positive outlook for job prospects.