Payroll Manager salary in Monaco

Average Yearly Salary of Payroll Manager in Monaco is approximately 262,334 EUR (261,523 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 Manager do?

A payroll manager is responsible for overseeing and managing the entire payroll process within an organization. They play a crucial role in ensuring accurate and timely payment of salaries to employees. The main responsibilities of a payroll manager include maintaining employee payroll records, calculating wages and deductions, processing payroll payments, ensuring compliance with tax laws and regulations, and resolving any payroll-related issues or discrepancies. The payroll manager also collaborates with other departments, such as HR and finance, to ensure smooth payroll operations. They may also be responsible for generating payroll reports, analyzing payroll data, and providing recommendations for improving payroll processes.

Skills: Payroll management, Payroll processing, Salary administration, Compliance, Payroll reporting, HR collaboration
Job industry: Finance

How much does Payroll Manager 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 Manager a well paid job?

Yes, our data shows that Payroll Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Payroll Manager?

High salary for Payroll Manager would be somewhere between 288,567 EUR and 380,384 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Payroll Manager 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: 262,334 EUR
Estimated Monthly Salary: 21,861 EUR
Estimated Weekly Salary: 5,045 EUR per week
Estimated Hourly Salary: 126 EUR per hour
By working as Payroll Manager a person can save up to 14,350 USD per month or 172,205 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 Manager

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.

Top 10 highest salaries in Monaco

Data as of 2025

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