Average Payroll Supervisor Salary in Latvia for 2024

In this article, we will look at the average Payroll Supervisor salary for 2024 in Latvia 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Payroll Supervisor Make in Latvia?

A Payroll Supervisor working in Latvia will typically earn around 14,840 EUR per year, and this can range from the lowest average salary of about 7,040 EUR to the highest average salary of 22,540 EUR.

Average Annual Salary
14,840 EUR
Average Monthly Salary
1,236 EUR

Lowest Annual Salary
7,040 EUR
Lowest Monthly Salary
586 EUR

Highest Annual Salary
22,540 EUR
Highest Monthly Salary
1,878 EUR

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

Payroll Supervisor 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 Supervisor Salaries in Latvia

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

Salary ranges

We already know that a Payroll Supervisor can earn between 7,040 EUR and 22,540 EUR on average in Latvia. 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 Supervisor in Latvia is 12,580 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 12,580 EUR, and 50% of the population earn more than 12,580 EUR.

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 Supervisor salary in Latvia, 25% of the population are earning less than 9,140 EUR while 75% of the population earn more than 9,140 EUR.

75% of the population earn less than 19,200 EUR, and 25% of the population earn more than 19,200 EUR.

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 Supervisor Salary by Experience Level in Latvia

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 supervisor 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 Supervisor in Latvia that has less than two years of experience can expect to earn somewhere in the region of 10,100 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Payroll Supervisor salary would increase to 10,220 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Payroll Supervisor, the average salary would be 14,540 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 17,760 EUR.
  • 15 - 20 Years Experience. A Payroll Supervisor with 15 to 20 years of experience can earn an average of 20,520 EUR.
  • 20+ Years Experience. For a Payroll Supervisor with more than 20 years, the expected average salary increases to 19,980 EUR.

Average Salary by Experience Chart

0-2 Years
10,100 EUR
2-5 Years +31%
10,220 EUR
5-10 Years +40%
14,540 EUR
10-15 Years +20%
17,760 EUR
15-20 Years +9%
20,520 EUR
20+ Years +8%
19,980 EUR

Payroll Supervisor Salary by Education Level in Latvia

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 Supervisor in Latvia 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 Supervisor in Latvia with a high school education can earn an average salary of 9,460 EUR.

  • Certificate or Diploma. A Payroll Supervisor in Latvia with a certificate or diploma education can earn an average salary of 12,520 EUR.

  • Bachelor's Degree. A Payroll Supervisor in Latvia with a bachelor's degree education can earn an average salary of 16,400 EUR.

  • Master's Degree. A Payroll Supervisor in Latvia with a master's degree education can earn an average salary of 21,380 EUR.

Average Salary by Education Chart

High School
9,460 EUR
Certificate or Diploma +15%
12,520 EUR
Bachelor's Degree +41%
16,400 EUR
Master's Degree +29%
21,380 EUR

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 Latvia is around 6,510 to 19,500 EUR 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 Supervisor 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 Latvia, a male payroll supervisor will earn an average of 13,100 EUR, while a female payroll supervisor will earn around 13,560 EUR.

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

Average Salary by Gender Chart in Latvia

Male
13,100 EUR
Female +3%
13,560 EUR

Payroll Supervisor Average Pay Raise in Latvia

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 Supervisor in Latvia is around 11% every 18 months.

The national average pay raise across all professions and industries in Latvia is around 8% every 18 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 = ( 11 ÷ 18 ) × 12  = 7%

What this means is that a Payroll Supervisor in Latvia can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Latvia for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Payroll Supervisor Bonus and Incentive Rates in Latvia

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 Supervisor is a moderate bonus based job, with 52% of employees reporting at least one bonus in the last 12 months.

48% 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 3% to 6%.

Received Bonus
52%
No Bonus
48%

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 Latvia earn approximately 29% more than private sector employees in the same role.

Public Sector
16,880 EUR
Private Sector -29%
13,100 EUR

Salaries for Jobs Similar to a Payroll Supervisor

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

Job Title Category Salary
Account Examiner Accounting and Finance 7,240 EUR
Account Executive Accounting and Finance 12,000 EUR
Accountant Accounting and Finance 12,760 EUR
Accounting Analyst Accounting and Finance 13,960 EUR
Accounting Assistant Accounting and Finance 7,080 EUR
Accounting Associate Accounting and Finance 8,780 EUR
Accounting Clerk Accounting and Finance 8,440 EUR
Accounting Coordinator Accounting and Finance 12,020 EUR
Accounting Head Accounting and Finance 19,940 EUR
Accounting Manager Accounting and Finance 24,280 EUR
Accounting Officer Accounting and Finance 10,100 EUR
Accounting Specialist Accounting and Finance 17,100 EUR
Accounting Supervisor Accounting and Finance 15,880 EUR
Accounting Technician Accounting and Finance 7,300 EUR
Accounting Unit Controller Accounting and Finance 17,740 EUR
Accounts Executive Accounting and Finance 14,920 EUR
Accounts Officer Accounting and Finance 10,320 EUR
Accounts Payable and Receivable Specialist Accounting and Finance 9,940 EUR
Accounts Payable Assistant Accounting and Finance 7,080 EUR
Accounts Payable Associate Accounting and Finance 8,880 EUR
Accounts Payable Clerk Accounting and Finance 8,780 EUR
Accounts Payable Manager Accounting and Finance 22,540 EUR
Accounts Receivable Administrator Accounting and Finance 16,880 EUR
Accounts Receivable Clerk Accounting and Finance 7,240 EUR
Accounts Receivable Financial Analyst Accounting and Finance 15,760 EUR
Accounts Receivable Manager Accounting and Finance 21,300 EUR
Accounts Receivable Team Leader Accounting and Finance 16,720 EUR
Assistant Accountant Accounting and Finance 7,240 EUR
Assistant Accounting Manager Accounting and Finance 21,640 EUR
Assistant Auditor Accounting and Finance 12,760 EUR
Assistant Corporate Controller Accounting and Finance 14,540 EUR
Assistant Finance Manager Accounting and Finance 21,980 EUR
Assistant Financial Controller Accounting and Finance 13,100 EUR
Audit Director Accounting and Finance 26,080 EUR
Audit Supervisor Accounting and Finance 21,640 EUR
Auditing Clerk Accounting and Finance 10,320 EUR
Auditing Manager Accounting and Finance 24,820 EUR
Billing Clerk Accounting and Finance 10,100 EUR
Billing Coordinator Accounting and Finance 11,300 EUR
Billing Specialist Accounting and Finance 11,040 EUR
Billing Supervisor Accounting and Finance 18,260 EUR
Bookkeeper Accounting and Finance 6,200 EUR
Bookkeeping Specialist Accounting and Finance 9,960 EUR
Budget Analyst Accounting and Finance 19,020 EUR
Budget Manager Accounting and Finance 24,820 EUR
Business Support Analyst Accounting and Finance 13,700 EUR
Capital Markets Associate Accounting and Finance 17,540 EUR
Cash Flow Analyst Accounting and Finance 15,920 EUR
Cash Management Manager Accounting and Finance 23,500 EUR
Cash Management Officer Accounting and Finance 10,980 EUR
Cashbook Clerk Accounting and Finance 6,280 EUR
Chartered Accountant Accounting and Finance 13,560 EUR
Chief Accountant Accounting and Finance 15,300 EUR
Collections Clerk Accounting and Finance 6,760 EUR
Collections Representative Accounting and Finance 8,560 EUR
Collections Specialist Accounting and Finance 12,760 EUR
Corporate Controller Accounting and Finance 16,140 EUR
Corporate Treasurer Accounting and Finance 21,400 EUR
Cost Accountant Accounting and Finance 12,840 EUR
Cost Accounting Manager Accounting and Finance 23,400 EUR
Cost Accounting Supervisor Accounting and Finance 19,360 EUR
Cost Analyst Accounting and Finance 19,220 EUR
Credit and Collection Manager Accounting and Finance 21,300 EUR
Credit and Collection Staff Accounting and Finance 7,080 EUR
Credit and Loans Officer Accounting and Finance 10,100 EUR
Credit Controller Accounting and Finance 17,260 EUR
Credit Manager Accounting and Finance 24,800 EUR
Debt Adviser Accounting and Finance 18,780 EUR
Debt Collector Accounting and Finance 7,080 EUR
Debtors Clerk Accounting and Finance 8,420 EUR
Debtors Controller Accounting and Finance 10,100 EUR
Deputy CFO Accounting and Finance 30,700 EUR
Deputy Head of Finance Accounting and Finance 31,660 EUR
Derivative Trader Accounting and Finance 20,300 EUR
Director of Finance Accounting and Finance 34,980 EUR
Economist Accounting and Finance 27,620 EUR
Equity Analyst Accounting and Finance 19,060 EUR
Escrow Assistant Accounting and Finance 7,820 EUR
Executive Accountant Accounting and Finance 13,700 EUR
External Auditor Accounting and Finance 16,400 EUR
Finance Administrator Accounting and Finance 13,700 EUR
Finance Analyst Accounting and Finance 19,060 EUR
Finance Associate Accounting and Finance 8,100 EUR
Finance Director Accounting and Finance 31,520 EUR
Finance Executive Accounting and Finance 23,080 EUR
Finance Licensing Clerk Accounting and Finance 8,960 EUR
Finance Licensing Manager Accounting and Finance 23,380 EUR
Finance Licensing Specialist Accounting and Finance 12,120 EUR
Finance Manager Accounting and Finance 33,440 EUR
Finance Officer Accounting and Finance 12,840 EUR
Finance President Accounting and Finance 32,960 EUR
Finance Relationship Manager Accounting and Finance 27,300 EUR
Finance Release Analyst Accounting and Finance 13,700 EUR
Finance Specialist Accounting and Finance 19,020 EUR
Finance Team Leader Accounting and Finance 24,200 EUR
Financial Accountant Accounting and Finance 12,760 EUR
Financial Actuary Accounting and Finance 18,780 EUR
Financial Administrator Accounting and Finance 18,900 EUR
Financial Advisor Accounting and Finance 19,980 EUR
Financial Analyst Accounting and Finance 21,540 EUR
Financial Applications Specialist Accounting and Finance 12,580 EUR
Financial Assistant Accounting and Finance 8,560 EUR
Financial Associate Accounting and Finance 9,740 EUR
Financial Associate Accounting and Finance 10,320 EUR
Financial Claims Analyst Accounting and Finance 14,540 EUR
Financial Claims Manager Accounting and Finance 21,020 EUR
Financial Claims Supervisor Accounting and Finance 18,940 EUR
Financial Clerk Accounting and Finance 7,240 EUR
Financial Commercial Analyst Accounting and Finance 18,260 EUR
Financial Compliance Analyst Accounting and Finance 17,740 EUR
Financial Consultant Accounting and Finance 15,880 EUR
Financial Controller Accounting and Finance 17,740 EUR
Financial Controller Accounting and Finance 20,300 EUR
Financial Coordinator Accounting and Finance 9,980 EUR
Financial Customer Service Manager Accounting and Finance 20,500 EUR
Financial Dealer and Broker Accounting and Finance 12,180 EUR
Financial Director Accounting and Finance 32,420 EUR
Financial Encoder Accounting and Finance 8,100 EUR
Financial Manager Accounting and Finance 29,160 EUR
Financial Manager Accounting and Finance 32,020 EUR
Financial Operations Manager Accounting and Finance 26,280 EUR
Financial Policy Analyst Accounting and Finance 19,220 EUR
Financial Project Manager Accounting and Finance 24,840 EUR
Financial Quantitative Analyst Accounting and Finance 19,480 EUR
Financial Reporting Consultant Accounting and Finance 17,100 EUR
Financial Reporting Manager Accounting and Finance 22,420 EUR
Financial Section Head Accounting and Finance 20,000 EUR
Financial Services Manager Accounting and Finance 27,480 EUR
Financial Services Sales Agent Accounting and Finance 12,180 EUR
Fixed Assets Administrator Accounting and Finance 10,000 EUR
Forensic Accountant Accounting and Finance 14,620 EUR
Fraud Detection Supervisor Accounting and Finance 11,880 EUR
Fraud Prevention Manager Accounting and Finance 24,840 EUR
Fund Accountant Accounting and Finance 10,220 EUR
Grants Coordinator Accounting and Finance 9,020 EUR
Group Financial Manager Accounting and Finance 34,540 EUR
Internal Auditor Accounting and Finance 14,820 EUR
Internal Control Adviser Accounting and Finance 15,700 EUR
Internal Control Officer Accounting and Finance 9,140 EUR
International Tax Director Accounting and Finance 25,720 EUR
Inventory Accountant Accounting and Finance 12,200 EUR
Investment Advisor Accounting and Finance 32,620 EUR
Investment Analyst Accounting and Finance 21,640 EUR
Investment Associate Accounting and Finance 19,360 EUR
Investment Broker Accounting and Finance 17,760 EUR
Investment Fund Manager Accounting and Finance 27,380 EUR
Investment Operations Manager Accounting and Finance 25,940 EUR
Investment Underwriter Accounting and Finance 9,460 EUR
Investor Accounting and Finance 17,020 EUR
Investor Relations Manager Accounting and Finance 23,520 EUR
KYC Team Leader Accounting and Finance 20,760 EUR
Loan Processor Accounting and Finance 9,440 EUR
Management Accountant Accounting and Finance 12,120 EUR
Management Economist Accounting and Finance 25,680 EUR
Paymaster Accounting and Finance 9,440 EUR
Payroll Administrator Accounting and Finance 12,580 EUR
Payroll Benefits Coordinator Accounting and Finance 12,620 EUR
Payroll Billing Manager Accounting and Finance 21,100 EUR
Payroll Clerk Accounting and Finance 8,100 EUR
Payroll Manager Accounting and Finance 21,020 EUR
Payroll Officer Accounting and Finance 9,140 EUR
Payroll Specialist Accounting and Finance 12,200 EUR
Pensions Administrator Accounting and Finance 10,000 EUR
Personal Financial Advisor Accounting and Finance 18,780 EUR
Pricing Analyst Accounting and Finance 20,300 EUR
Private Equity Analyst Accounting and Finance 21,020 EUR
Project Accountant Accounting and Finance 13,060 EUR
Proposal Development Coordinator Accounting and Finance 8,100 EUR
Receivables Accountant Accounting and Finance 9,960 EUR
Regulatory Accountant Accounting and Finance 12,620 EUR
Retirement Plan Analyst Accounting and Finance 16,140 EUR
Revenue Management Specialist Accounting and Finance 20,120 EUR
Revenue Recognition Analyst Accounting and Finance 19,940 EUR
Risk Management Director Accounting and Finance 25,660 EUR
Risk Management Supervisor Accounting and Finance 22,540 EUR
Staff Accountant Accounting and Finance 12,300 EUR
Tax Accountant Accounting and Finance 11,300 EUR
Tax Administrator Accounting and Finance 13,660 EUR
Tax Advisor Accounting and Finance 16,720 EUR
Tax Analyst Accounting and Finance 18,780 EUR
Tax Associate Accounting and Finance 8,560 EUR
Tax Consultant Accounting and Finance 17,760 EUR
Tax Director Accounting and Finance 28,820 EUR
Tax Examiner Accounting and Finance 13,660 EUR
Tax Manager Accounting and Finance 24,820 EUR
Tax Research Manager Accounting and Finance 22,400 EUR
Teller Accounting and Finance 6,080 EUR
Treasury Accountant Accounting and Finance 13,660 EUR
Treasury Analyst Accounting and Finance 18,940 EUR
Underwriter Accounting and Finance 7,300 EUR
Underwriting Assistant Accounting and Finance 7,040 EUR
Vice President of Finance Accounting and Finance 31,660 EUR

Salary Comparison by City

If you want to compare salaries with different cities in Latvia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Riga 13,570 EUR

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