Payroll Benefits Administrator salary in Monaco

Average Yearly Salary of Payroll Benefits Administrator in Monaco is approximately 203,076 EUR (204,305 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Payroll Benefits Administrator do?

A payroll benefits administrator is responsible for managing and overseeing employee payroll and benefits programs within an organization. They ensure accurate and timely processing of payroll, including calculating wages, deductions, and taxes. Additionally, they administer employee benefits such as health insurance, retirement plans, and paid time off. This role requires strong attention to detail, as administrators must stay up-to-date with changing regulations and compliance requirements. They also handle employee inquiries and resolve any issues related to payroll or benefits. Effective communication and organizational skills are essential in this role, as administrators work closely with HR teams, finance departments, and external vendors. Overall, a payroll benefits administrator plays a critical role in ensuring employees are compensated accurately and receive the benefits they are entitled to.

Skills: Payroll administration, Benefits management, Employee compensation, Compliance, HR administration, Financial management
Job industry: Human resources

How much does Payroll Benefits Administrator make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Payroll Benefits Administrator a well paid job?

Yes, our data show that Payroll Benefits Administrator is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Payroll Benefits Administrator?

High salary for Payroll Benefits Administrator would be somewhere between 223,384 EUR and 294,460 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Payroll Benefits Administrator in Monaco?

Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 203,076 EUR
Estimated Monthly Salary: 16,923 EUR
Estimated Weekly Salary: 3,905 EUR per week
Estimated Hourly Salary: 98 EUR per hour
By working as Payroll Benefits Administrator a person can save up to 9,582 USD per month or 114,987 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Monaco, see costs of living in Monaco.

Salary comparison to region and neighbouring coutries

Country's neighbours are: France, Italy.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Payroll Benefits Administrator

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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