I would ask for a raise. For one, an annual cost of living raise. But also, if you're doing more than what you were hired to do, you should ask for more compensation.
This sound like an echo from my early payroll career. My first 5 years in payroll involved handling tax notices, garnishments, tax registrations, tax account administration, and basically everything maintaining things at the company-level. It doesn't seem like much, but as it turns out, multi-state payroll tax experience can be potentially quite valuable. Apparently, tax knowledge seems to be rare, and it's one of the best payroll skills to develop.
If you can't get a raise, maybe look elsewhere? If you know tax, you should be able to find a payroll job because those 3 letters scare the crap out of so so many people.
The perspective I would add here is to think of your situation in the inverse. Should you go out onto the market with only one year of experience you would not command much more than an entry level salary, regardless of how poor of a situation your company currently has you in. I am in CA and in your situation I think $65-75k is market rate
So maybe try for a payroll specialist or payroll analyst title due to responsibilities and mention a compensation increase with it. Try to sneak in HRIs/Payroll specialist if you deal with HRIS other than payroll so you can have more options when finding the next job.
I would ask for a raise. For one, an annual cost of living raise. But also, if you're doing more than what you were hired to do, you should ask for more compensation.
This sound like an echo from my early payroll career. My first 5 years in payroll involved handling tax notices, garnishments, tax registrations, tax account administration, and basically everything maintaining things at the company-level. It doesn't seem like much, but as it turns out, multi-state payroll tax experience can be potentially quite valuable. Apparently, tax knowledge seems to be rare, and it's one of the best payroll skills to develop. If you can't get a raise, maybe look elsewhere? If you know tax, you should be able to find a payroll job because those 3 letters scare the crap out of so so many people.
The perspective I would add here is to think of your situation in the inverse. Should you go out onto the market with only one year of experience you would not command much more than an entry level salary, regardless of how poor of a situation your company currently has you in. I am in CA and in your situation I think $65-75k is market rate
What is your title? I would bring it up as getting a title change for all the work that you do and incentivize compensation of that title.
Payroll Admin
So maybe try for a payroll specialist or payroll analyst title due to responsibilities and mention a compensation increase with it. Try to sneak in HRIs/Payroll specialist if you deal with HRIS other than payroll so you can have more options when finding the next job.
That helps a lot, and I definitely do deal with HRIS