Home > Salary > Monaco > Sr. Payroll Manager
A Senior Payroll Manager is responsible for overseeing and managing all aspects of payroll operations within an organization. They ensure accurate and timely processing of employee salaries, benefits, deductions, and taxes. This role involves supervising a team of payroll professionals, developing and implementing payroll policies and procedures, and staying updated on relevant laws and regulations. The Senior Payroll Manager collaborates with HR and finance departments to ensure seamless integration of payroll data and resolve any discrepancies. They also analyze payroll reports, maintain payroll records, and respond to employee inquiries regarding pay and deductions. Strong attention to detail, excellent organizational skills, and proficiency in payroll software are essential for this position.
Estimated Yearly Salary: 357,738 EUR
Estimated Monthly Salary: 29,812 EUR
Estimated Weekly Salary: 6,880 EUR per week
Estimated Hourly Salary: 172 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 28,903 EUR
Estimated Weekly Salary: 6,670 EUR per week
Estimated Hourly Salary: 167 EUR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 359,717 USD
Estimated Monthly Salary: 29,976 USD
Estimated Weekly Salary: 6,918 USD per week
Estimated Hourly Salary: 173 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 357,738 EUR
Estimated Monthly Salary: 29,812 EUR
Estimated Weekly Salary: 6,880 EUR per week
Estimated Hourly Salary: 172 EUR per hour
By working as Sr. Payroll Manager a person can save up to 22,533 USD per month or 270,399 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.
Estimated Yearly Salary for Sr. Payroll Manager
Last revision of data: 2025-01-04
Data as of 2025
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Sr. Payroll Manager salary in Monaco
Average Yearly Salary of Sr. Payroll Manager in Monaco is approximately 357,738 EUR (359,717 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 Sr. Payroll Manager do?
A Senior Payroll Manager is responsible for overseeing and managing all aspects of payroll operations within an organization. They ensure accurate and timely processing of employee salaries, benefits, deductions, and taxes. This role involves supervising a team of payroll professionals, developing and implementing payroll policies and procedures, and staying updated on relevant laws and regulations. The Senior Payroll Manager collaborates with HR and finance departments to ensure seamless integration of payroll data and resolve any discrepancies. They also analyze payroll reports, maintain payroll records, and respond to employee inquiries regarding pay and deductions. Strong attention to detail, excellent organizational skills, and proficiency in payroll software are essential for this position.
Skills: Senior Payroll Manager, Payroll Operations, Payroll Processing, Payroll Policies, Payroll Compliance, Payroll Administration
Job industry: Finance
Job industry: Finance
How much does Sr. Payroll Manager make?
Salary details
How much does Sr. Payroll Manager make?Estimated Yearly Salary: 357,738 EUR
Estimated Monthly Salary: 29,812 EUR
Estimated Weekly Salary: 6,880 EUR per week
Estimated Hourly Salary: 172 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 346,835 EUREstimated Monthly Salary: 28,903 EUR
Estimated Weekly Salary: 6,670 EUR per week
Estimated Hourly Salary: 167 EUR per hour
Last revision of data: 2024-01-05Sr. Payroll Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 359,717 USD
Estimated Monthly Salary: 29,976 USD
Estimated Weekly Salary: 6,918 USD per week
Estimated Hourly Salary: 173 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Sr. Payroll Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Sr. Payroll Manager in Monaco earns on average:
2.1 times the average salary (or 210% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Sr. Payroll Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Sr. Payroll Manager in Monaco earns on average:
2.1 times the average salary (or 210% of average salary).
Is Sr. Payroll Manager a well paid job?
Yes, our data show that Sr. Payroll Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Sr. Payroll Manager?
High salary for Sr. Payroll Manager would be somewhere between 393,512 EUR and 518,720 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Sr. 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: 357,738 EUR
Estimated Monthly Salary: 29,812 EUR
Estimated Weekly Salary: 6,880 EUR per week
Estimated Hourly Salary: 172 EUR per hour
By working as Sr. Payroll Manager a person can save up to 22,533 USD per month or 270,399 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 Sr. Payroll Manager
France is 88,264 USD
Italy is 72,535 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Monaco
(1,948,030 EUR per year, pre-tax.)
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4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
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Data as of 2025Random salary:
Bar attendant (66,933 EUR per year, pre-tax.)
Coin vending or amusement machine servicer repairer (105,598 EUR per year, pre-tax.)
Water meter reader (98,993 EUR per year, pre-tax.)
Senior medical technologist (245,024 EUR per year, pre-tax.)
Assistant banquet manager (129,425 EUR per year, pre-tax.)
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