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Last updated: October 31, 2024
Payroll Administrator Salary
in South Korea
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
KRW 48,132,991
Average Salary
KRW 23,141/hr
Average Hourly
KRW 924,153
Average Bonus
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Last updated: October 31, 2024
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Salary Recap
The average pay for a Payroll Administrator is KRW 48,132,991 a year and KRW 23,141 an hour in South Korea. The average salary range for a Payroll Administrator is between KRW 34,703,887 and KRW 57,807,723. On average, a Bachelor's Degree is the highest level of education for a Payroll Administrator. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in South Korea.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
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Education and Skills
Education and Skills
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Salary Potential
Salary Potential
Estimated salary in 2029:
KRW 53,246,995
5 Year Change:
11 %
Shift Differentials
Shift Differentials
Calculate Your Shift Differential
If your job has pay differentials, see how much more you could be earning with our shift differential calculator.
Based on the average salary in the United States, if your pay differential is 10%, your pay will increase by KRW 2,314.09/hour
What Is Shift Differential Pay?
Shift differentials are used to adjust the compensation of an employee due to the time of day or the day of the week that the employee worked.
Learn how shift differential pay works with ERI.
This role may have pay shift differentials that could affect total compensation.
Utilize ERI's signature shift differential data to calculate pay for night shifts, day shifts, and swing shifts and benchmark compensation with confidence. With our robust database, you can accurately price jobs based on industry-specific shift differential policies. ERI compiles shift differential pay data based on salary survey data to help users find reliable compensation information.
Learn how ERI can help determine shift differential rates for multiple employees.
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About South Korea
South Korea Cost of Living Score:
Description:
South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern part of the Korean Peninsula and borders North Korea along the Korean Demilitarized Zone; though it also claims the land border with China and Russia. The country's western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands. It has a population of 51.96 million, of which half live in the Seoul Capital Area, the ninth most populous metropolitan area in the world. Other...
Job Summary
Description:
- Administers processing of organization's payroll and collects payroll data to maintain accurate payroll records.
- Handles processing of employee status changes, analyzes payroll and employee expenses, assures general ledger accounts are reconciled; creates on-going month-end, quarterly, and year-end organization reports; and performs other rated duties as assigned.
- Audits payroll information for accuracy.
- Reconciles payroll deposits, tax withholdings, wage garnishments, and voluntary deductions.
- Participates in problem solving and special projects within the Payroll Department.
- Assigns exempt and non-exempt worker status to employees.
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Salary Recap
The average pay for a Payroll Administrator is KRW 48,132,991 a year and KRW 23,141 an hour in South Korea. The average salary range for a Payroll Administrator is between KRW 34,703,887 and KRW 57,807,723. On average, a Bachelor's Degree is the highest level of education for a Payroll Administrator. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in South Korea.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About South Korea
South Korea Cost of Living Score:
Description:
South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern part of the Korean Peninsula and borders North Korea along the Korean Demilitarized Zone; though it also claims the land border with China and Russia. The country's western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands. It has a population of 51.96 million, of which half live in the Seoul Capital Area, the ninth most populous metropolitan area in the world. Other...
Job Summary
Description:
- Administers processing of organization's payroll and collects payroll data to maintain accurate payroll records.
- Handles processing of employee status changes, analyzes payroll and employee expenses, assures general ledger accounts are reconciled; creates on-going month-end, quarterly, and year-end organization reports; and performs other rated duties as assigned.
- Audits payroll information for accuracy.
- Reconciles payroll deposits, tax withholdings, wage garnishments, and voluntary deductions.
- Participates in problem solving and special projects within the Payroll Department.
- Assigns exempt and non-exempt worker status to employees.
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
National Compensation Forecast October 2024
ERI examines compensation trends and changes for the upcoming year to provide guidance on the expected salary increase for the upcoming year.
Read More
Remote Work, AI, and Compensation Best Practices Survey Results - Spring 2024
Learn how remote work and artificial intelligence changes how organizations approach labor and compensation practices.
Read More
Planning Global Compensation Budgets for 2025
Learn about current global salary trends and salary increases in 2024 to strategically inform your financial planning decision for the upcoming year.
Read More