Average Payroll Officer Salary in Singapore for 2024

In this article, we will look at the average Payroll Officer salary for 2024 in Singapore and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Singapore dollar. To keep things simple, we are using the SGD currency code instead of the currency symbol $.

How Much Does a Payroll Officer Make in Singapore?

A Payroll Officer working in Singapore will typically earn around 60,920 SGD per year, and this can range from the lowest average salary of about 33,120 SGD to the highest average salary of 95,760 SGD.

Average Annual Salary
60,920 SGD
Average Monthly Salary
5,076 SGD

Lowest Annual Salary
33,120 SGD
Lowest Monthly Salary
2,760 SGD

Highest Annual Salary
95,760 SGD
Highest Monthly Salary
7,980 SGD

These are average salaries for a Payroll Officer in Singapore and include benefits such as housing and transport. It's also possible for a Payroll Officer to earn more or less than the average salaries shown above.

Payroll Officer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Payroll Officer Salaries in Singapore

So we've looked at the average salaries a Payroll Officer will earn in Singapore. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Payroll Officer can earn between 33,120 SGD and 95,760 SGD on average in Singapore. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Payroll Officer in Singapore is 58,520 SGD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 58,520 SGD, and 50% of the population earn more than 58,520 SGD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Payroll Officer salary in Singapore, 25% of the population are earning less than 42,320 SGD while 75% of the population earn more than 42,320 SGD.

75% of the population earn less than 74,620 SGD, and 25% of the population earn more than 74,620 SGD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Payroll Officer Salary by Experience Level in Singapore

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average payroll officer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Payroll Officer in Singapore that has less than two years of experience can expect to earn somewhere in the region of 37,740 SGD.
  • 2 - 5 Years Experience. With two to five years of experience the average Payroll Officer salary would increase to 48,920 SGD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Payroll Officer, the average salary would be 64,040 SGD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 78,160 SGD.
  • 15 - 20 Years Experience. A Payroll Officer with 15 to 20 years of experience can earn an average of 84,040 SGD.
  • 20+ Years Experience. For a Payroll Officer with more than 20 years, the expected average salary increases to 88,580 SGD.

Average Salary by Experience Chart

0-2 Years
37,740 SGD
2-5 Years +34%
48,920 SGD
5-10 Years +30%
64,040 SGD
10-15 Years +21%
78,160 SGD
15-20 Years +9%
84,040 SGD
20+ Years +5%
88,580 SGD

Payroll Officer Salary by Education Level in Singapore

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Payroll Officer in Singapore based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Payroll Officer in Singapore with a high school education can earn an average salary of 41,480 SGD.

  • Certificate or Diploma. A Payroll Officer in Singapore with a certificate or diploma education can earn an average salary of 63,380 SGD.

  • Bachelor's Degree. A Payroll Officer in Singapore with a bachelor's degree education can earn an average salary of 84,800 SGD.

Average Salary by Education Chart

High School
41,480 SGD
Certificate or Diploma +43%
63,380 SGD
Bachelor's Degree +38%
84,800 SGD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Singapore is around 42,200 to 127,000 SGD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Payroll Officer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Singapore, a male payroll officer will earn an average of 63,320 SGD, while a female payroll officer will earn around 61,180 SGD.

This means that a male payroll officer earns approximately 3% more than a female payroll officer for performing the same job.

Average Salary by Gender Chart in Singapore

Male
63,320 SGD
Female -3%
61,180 SGD

Payroll Officer Average Pay Raise in Singapore

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Payroll Officer in Singapore is around 12% every 14 months.

The national average pay raise across all professions and industries in Singapore is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 14 ) × 12  = 10%

What this means is that a Payroll Officer in Singapore can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Singapore for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Singapore.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Payroll Officer Bonus and Incentive Rates in Singapore

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Payroll Officer is a low bonus based job, with 28% of employees reporting at least one bonus in the last 12 months.

72% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.

Received Bonus
28%
No Bonus
72%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Singapore earn approximately 5% more than private sector employees in the same role.

Public Sector
103,440 SGD
Private Sector -5%
98,540 SGD

Salaries for Jobs Similar to a Payroll Officer

In the table below, we have salary information for jobs that are similar to a Payroll Officer in Singapore.

Job Title Category Salary
Account Examiner Accounting and Finance 51,400 SGD
Account Executive Accounting and Finance 86,460 SGD
Accountant Accounting and Finance 64,300 SGD
Accounting Analyst Accounting and Finance 84,740 SGD
Accounting Assistant Accounting and Finance 48,760 SGD
Accounting Associate Accounting and Finance 52,540 SGD
Accounting Clerk Accounting and Finance 42,460 SGD
Accounting Coordinator Accounting and Finance 62,420 SGD
Accounting Head Accounting and Finance 136,100 SGD
Accounting Manager Accounting and Finance 152,100 SGD
Accounting Officer Accounting and Finance 50,660 SGD
Accounting Specialist Accounting and Finance 94,800 SGD
Accounting Supervisor Accounting and Finance 96,520 SGD
Accounting Technician Accounting and Finance 46,160 SGD
Accounting Unit Controller Accounting and Finance 115,640 SGD
Accounts Executive Accounting and Finance 88,600 SGD
Accounts Officer Accounting and Finance 54,180 SGD
Accounts Payable and Receivable Specialist Accounting and Finance 67,900 SGD
Accounts Payable Assistant Accounting and Finance 55,140 SGD
Accounts Payable Associate Accounting and Finance 64,180 SGD
Accounts Payable Clerk Accounting and Finance 53,860 SGD
Accounts Payable Manager Accounting and Finance 138,200 SGD
Accounts Receivable Administrator Accounting and Finance 103,140 SGD
Accounts Receivable Clerk Accounting and Finance 53,600 SGD
Accounts Receivable Financial Analyst Accounting and Finance 97,260 SGD
Accounts Receivable Manager Accounting and Finance 136,200 SGD
Accounts Receivable Team Leader Accounting and Finance 103,140 SGD
Assistant Accountant Accounting and Finance 54,180 SGD
Assistant Accounting Manager Accounting and Finance 124,400 SGD
Assistant Auditor Accounting and Finance 68,400 SGD
Assistant Corporate Controller Accounting and Finance 90,980 SGD
Assistant Finance Manager Accounting and Finance 136,200 SGD
Assistant Financial Controller Accounting and Finance 90,540 SGD
Audit Director Accounting and Finance 159,100 SGD
Audit Supervisor Accounting and Finance 124,400 SGD
Auditing Clerk Accounting and Finance 54,180 SGD
Auditing Manager Accounting and Finance 138,800 SGD
Billing Clerk Accounting and Finance 54,140 SGD
Billing Coordinator Accounting and Finance 64,640 SGD
Billing Specialist Accounting and Finance 70,840 SGD
Billing Supervisor Accounting and Finance 103,600 SGD
Bookkeeper Accounting and Finance 43,080 SGD
Bookkeeping Specialist Accounting and Finance 64,040 SGD
Budget Analyst Accounting and Finance 115,560 SGD
Budget Manager Accounting and Finance 136,200 SGD
Business Support Analyst Accounting and Finance 79,360 SGD
Capital Markets Associate Accounting and Finance 103,900 SGD
Cash Flow Analyst Accounting and Finance 97,880 SGD
Cash Management Manager Accounting and Finance 128,500 SGD
Cash Management Officer Accounting and Finance 72,740 SGD
Cashbook Clerk Accounting and Finance 48,340 SGD
Chartered Accountant Accounting and Finance 81,960 SGD
Chief Accountant Accounting and Finance 101,920 SGD
Collections Clerk Accounting and Finance 40,040 SGD
Collections Representative Accounting and Finance 59,480 SGD
Collections Specialist Accounting and Finance 73,040 SGD
Corporate Controller Accounting and Finance 108,300 SGD
Corporate Treasurer Accounting and Finance 136,100 SGD
Cost Accountant Accounting and Finance 67,300 SGD
Cost Accounting Manager Accounting and Finance 138,200 SGD
Cost Accounting Supervisor Accounting and Finance 113,220 SGD
Cost Analyst Accounting and Finance 111,700 SGD
Credit and Collection Manager Accounting and Finance 130,400 SGD
Credit and Collection Staff Accounting and Finance 54,140 SGD
Credit and Loans Officer Accounting and Finance 49,560 SGD
Credit Controller Accounting and Finance 94,800 SGD
Credit Manager Accounting and Finance 142,300 SGD
Debt Adviser Accounting and Finance 116,540 SGD
Debt Collector Accounting and Finance 55,840 SGD
Debtors Clerk Accounting and Finance 45,720 SGD
Debtors Controller Accounting and Finance 50,660 SGD
Deputy CFO Accounting and Finance 180,300 SGD
Deputy Head of Finance Accounting and Finance 175,900 SGD
Derivative Trader Accounting and Finance 119,900 SGD
Director of Finance Accounting and Finance 207,700 SGD
Economist Accounting and Finance 159,400 SGD
Equity Analyst Accounting and Finance 118,200 SGD
Escrow Assistant Accounting and Finance 60,840 SGD
Executive Accountant Accounting and Finance 80,580 SGD
External Auditor Accounting and Finance 94,900 SGD
Finance Administrator Accounting and Finance 80,760 SGD
Finance Analyst Accounting and Finance 119,900 SGD
Finance Associate Accounting and Finance 60,180 SGD
Finance Director Accounting and Finance 205,700 SGD
Finance Executive Accounting and Finance 143,200 SGD
Finance Licensing Clerk Accounting and Finance 47,720 SGD
Finance Licensing Manager Accounting and Finance 125,700 SGD
Finance Licensing Specialist Accounting and Finance 73,040 SGD
Finance Manager Accounting and Finance 191,600 SGD
Finance Officer Accounting and Finance 61,680 SGD
Finance President Accounting and Finance 192,600 SGD
Finance Relationship Manager Accounting and Finance 159,500 SGD
Finance Release Analyst Accounting and Finance 74,300 SGD
Finance Specialist Accounting and Finance 112,440 SGD
Finance Team Leader Accounting and Finance 154,700 SGD
Financial Accountant Accounting and Finance 68,400 SGD
Financial Actuary Accounting and Finance 104,600 SGD
Financial Administrator Accounting and Finance 106,820 SGD
Financial Advisor Accounting and Finance 125,100 SGD
Financial Analyst Accounting and Finance 123,400 SGD
Financial Applications Specialist Accounting and Finance 84,580 SGD
Financial Assistant Accounting and Finance 55,020 SGD
Financial Associate Accounting and Finance 52,380 SGD
Financial Associate Accounting and Finance 65,940 SGD
Financial Claims Analyst Accounting and Finance 85,700 SGD
Financial Claims Manager Accounting and Finance 125,700 SGD
Financial Claims Supervisor Accounting and Finance 117,440 SGD
Financial Clerk Accounting and Finance 50,020 SGD
Financial Commercial Analyst Accounting and Finance 95,760 SGD
Financial Compliance Analyst Accounting and Finance 111,860 SGD
Financial Consultant Accounting and Finance 86,740 SGD
Financial Controller Accounting and Finance 104,600 SGD
Financial Controller Accounting and Finance 110,340 SGD
Financial Coordinator Accounting and Finance 65,760 SGD
Financial Customer Service Manager Accounting and Finance 127,700 SGD
Financial Dealer and Broker Accounting and Finance 73,880 SGD
Financial Director Accounting and Finance 194,600 SGD
Financial Encoder Accounting and Finance 60,480 SGD
Financial Manager Accounting and Finance 181,600 SGD
Financial Manager Accounting and Finance 194,600 SGD
Financial Operations Manager Accounting and Finance 169,000 SGD
Financial Policy Analyst Accounting and Finance 101,840 SGD
Financial Project Manager Accounting and Finance 142,300 SGD
Financial Quantitative Analyst Accounting and Finance 112,560 SGD
Financial Reporting Consultant Accounting and Finance 102,460 SGD
Financial Reporting Manager Accounting and Finance 125,100 SGD
Financial Section Head Accounting and Finance 128,500 SGD
Financial Services Manager Accounting and Finance 176,800 SGD
Financial Services Sales Agent Accounting and Finance 72,780 SGD
Fixed Assets Administrator Accounting and Finance 67,320 SGD
Forensic Accountant Accounting and Finance 80,760 SGD
Fraud Detection Supervisor Accounting and Finance 85,880 SGD
Fraud Prevention Manager Accounting and Finance 138,200 SGD
Fund Accountant Accounting and Finance 65,940 SGD
Grants Coordinator Accounting and Finance 51,800 SGD
Group Financial Manager Accounting and Finance 197,600 SGD
Internal Auditor Accounting and Finance 87,940 SGD
Internal Control Adviser Accounting and Finance 106,960 SGD
Internal Control Officer Accounting and Finance 57,820 SGD
International Tax Director Accounting and Finance 161,600 SGD
Inventory Accountant Accounting and Finance 67,320 SGD
Investment Advisor Accounting and Finance 181,600 SGD
Investment Analyst Accounting and Finance 134,600 SGD
Investment Associate Accounting and Finance 114,380 SGD
Investment Broker Accounting and Finance 112,000 SGD
Investment Fund Manager Accounting and Finance 151,800 SGD
Investment Operations Manager Accounting and Finance 150,000 SGD
Investment Underwriter Accounting and Finance 57,080 SGD
Investor Accounting and Finance 85,080 SGD
Investor Relations Manager Accounting and Finance 128,500 SGD
KYC Team Leader Accounting and Finance 124,400 SGD
Loan Processor Accounting and Finance 57,360 SGD
Management Accountant Accounting and Finance 72,380 SGD
Management Economist Accounting and Finance 152,100 SGD
Paymaster Accounting and Finance 53,860 SGD
Payroll Administrator Accounting and Finance 85,760 SGD
Payroll Benefits Coordinator Accounting and Finance 80,180 SGD
Payroll Billing Manager Accounting and Finance 128,500 SGD
Payroll Clerk Accounting and Finance 55,820 SGD
Payroll Manager Accounting and Finance 119,080 SGD
Payroll Specialist Accounting and Finance 71,280 SGD
Payroll Supervisor Accounting and Finance 83,420 SGD
Pensions Administrator Accounting and Finance 67,120 SGD
Personal Financial Advisor Accounting and Finance 104,600 SGD
Pricing Analyst Accounting and Finance 109,740 SGD
Private Equity Analyst Accounting and Finance 119,320 SGD
Project Accountant Accounting and Finance 66,960 SGD
Proposal Development Coordinator Accounting and Finance 57,800 SGD
Receivables Accountant Accounting and Finance 62,060 SGD
Regulatory Accountant Accounting and Finance 73,760 SGD
Retirement Plan Analyst Accounting and Finance 108,300 SGD
Revenue Management Specialist Accounting and Finance 112,760 SGD
Revenue Recognition Analyst Accounting and Finance 125,700 SGD
Risk Management Director Accounting and Finance 172,200 SGD
Risk Management Supervisor Accounting and Finance 138,200 SGD
Staff Accountant Accounting and Finance 62,860 SGD
Tax Accountant Accounting and Finance 63,500 SGD
Tax Administrator Accounting and Finance 69,040 SGD
Tax Advisor Accounting and Finance 101,020 SGD
Tax Analyst Accounting and Finance 99,340 SGD
Tax Associate Accounting and Finance 58,200 SGD
Tax Consultant Accounting and Finance 112,760 SGD
Tax Director Accounting and Finance 163,800 SGD
Tax Examiner Accounting and Finance 68,320 SGD
Tax Manager Accounting and Finance 143,200 SGD
Tax Research Manager Accounting and Finance 143,200 SGD
Teller Accounting and Finance 42,400 SGD
Treasury Accountant Accounting and Finance 69,720 SGD
Treasury Analyst Accounting and Finance 117,520 SGD
Underwriter Accounting and Finance 50,580 SGD
Underwriting Assistant Accounting and Finance 47,540 SGD
Vice President of Finance Accounting and Finance 189,300 SGD

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Payroll Officer Salary in Singapore for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-payroll-officer-salary-in-singapore/.

  • "Average Payroll Officer Salary in Singapore for 2024". World Salaries, https://worldsalaries.com/average-payroll-officer-salary-in-singapore/. Accessed 28 March, 2024

  • Average Payroll Officer Salary in Singapore for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-payroll-officer-salary-in-singapore/.