Payroll Benefits Coordinator Average Salary in Colombo 2024
How much money does a person working as Payroll Benefits Coordinator make in Colombo?
LOW
37,800
LKR AVERAGE
82,200
LKR HIGH
131,000
LKR
A person working as Payroll Benefits Coordinator in Colombo typically earns around 82,200 LKR. Salaries range from 37,800 LKR (lowest) to 131,000 LKR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Payroll Benefits Coordinator salaries in Colombo vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Payroll Benefits Coordinator Pay Scale and Salaries in Colombo
Salary Structure and Pay Scale Comparison
78,000 LKR or more
68,300 to 78,000 LKR
47,100 LKR or less
47,100 to 68,300 LKR
 37,800 LKR |
78,600 LKR |
131,000 LKR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Payroll Benefits Coordinator in Colombo range from 37,800 LKR (starting salary) to 131,000 LKR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 78,600 LKR, half of the professionals who work as Payroll Benefits Coordinator in Colombo earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Payroll Benefits Coordinator in Colombo earn less than 63,400 LKR, while 75% earn more. Similarly, the chart shows that 75% earn less than 90,600 LKR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Payroll Benefits Coordinator in Colombo compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 47,100 LKR to 68,300 LKR. About 20% of salaries are below the 47,100 LKR mark, while 10% fall within the range of 68,300 LKR to 78,000 LKR. Only 5% of individuals have salaries exceeding 78,000 LKR.
Salary Comparison by Years of Experience / Payroll Benefits Coordinator / Colombo
How do experience and age affect pay?
| 0 - 2 Years | 42,900 LKR | |
| 2 - 5 Years | +34% | 57,300 LKR |
| 5 - 10 Years | +48% | 84,800 LKR |
| 10 - 15 Years | +22% | 103,000 LKR |
| 15 - 20 Years | +9% | 113,000 LKR |
| 20+ Years | +8% | 122,000 LKR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Payroll Benefits Coordinator and this is what we found.
Employees with less than two years of experience earn approximately 42,900 LKR.
While someone with an experience level between two and five years is expected to earn 57,300 LKR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 84,800 LKR, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 103,000 LKR, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 113,000 LKR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 122,000 LKR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Payroll Benefits Coordinator / Colombo
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Payroll Benefits Coordinator.
| High School | 52,700 LKR | |
| Certificate or Diploma | +18% | 62,000 LKR |
| Bachelor's Degree | +45% | 89,900 LKR |
| Master's Degree | +31% | 118,000 LKR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Payroll Benefits Coordinator in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 52,700 LKR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 62,000 LKR, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 89,900 LKR, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 118,000 LKR, 31% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Sri Lanka costs anywhere from 450,000 LKR to 1,350,000 LKR and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Payroll Benefits Coordinator / Colombo
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Payroll Benefits Coordinator in Sri Lanka, the average difference between the salary of male and female employees is 10%.
| Male | 72,200 LKR | |
| Female | -9% | 65,400 LKR |
Salary Comparison By Gender in Sri Lanka for all Careers
Average Annual Salary Increment Percentage / Payroll Benefits Coordinator / Colombo
How much are annual salary increments in Colombo for individuals working as Payroll Benefits Coordinator? How often do employees get salary raises?
Individuals working as Payroll Benefits Coordinator in Sri Lanka are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Sri Lanka / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Payroll Benefits Coordinator / Sri Lanka
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Payroll Benefits Coordinator / Colombo
470 LKR per hourThe average hourly wage (pay per hour) for individuals working as Payroll Benefits Coordinator in Colombo is 470 LKR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Payroll Benefits Coordinator in Colombo is 220 LKR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 54,700 LKR | -33% |
| Account Executive | 93,200 LKR |  +13% |
| Accountant | 70,600 LKR | -14% |
| Accounting Analyst | 88,300 LKR | +7% |
| Accounting Assistant | 53,900 LKR | -34% |
| Accounting Associate | 49,800 LKR | -39% |
| Accounting Clerk | 43,900 LKR | -47% |
| Accounting Coordinator | 65,600 LKR | -20% |
| Accounting Head | 148,000 LKR | +80% |
| Accounting Manager | 158,000 LKR | +92% |
| Accounting Officer | 52,100 LKR | -37% |
| Accounting Specialist | 103,000 LKR | +25% |
| Accounting Supervisor | 101,000 LKR | +23% |
| Accounting Technician | 50,400 LKR | -39% |
| Accounting Unit Controller | 118,000 LKR | +43% |
| Accounts Executive | 95,800 LKR | +16% |
| Accounts Officer | 58,100 LKR | -29% |
| Accounts Payable and Receivable Specialist | 76,900 LKR | -6% |
| Accounts Payable Assistant | 57,400 LKR | -30% |
| Accounts Payable Associate | 68,100 LKR | -17% |
| Accounts Payable Clerk | 54,100 LKR | -34% |
| Accounts Payable Manager | 140,000 LKR | +70% |
| Accounts Receivable Administrator | 110,000 LKR | +34% |
| Accounts Receivable Clerk | 51,600 LKR | -37% |
| Accounts Receivable Financial Analyst | 99,700 LKR | +21% |
| Accounts Receivable Manager | 146,000 LKR | +78% |
| Accounts Receivable Team Leader | 107,000 LKR | +30% |
| Algorithmic Trading Specialist | 133,000 LKR | +62% |
| Assistant Accountant | 57,200 LKR | -30% |
| Assistant Accounting Manager | 133,000 LKR | +62% |
| Assistant Auditor | 73,500 LKR | -11% |
| Assistant Corporate Controller | 99,800 LKR | +21% |
| Assistant Finance Manager | 154,000 LKR | +87% |
| Assistant Financial Controller | 102,000 LKR | +24% |
| Audit Director | 165,000 LKR | +100% |
| Audit Supervisor | 135,000 LKR | +64% |
| Auditing Clerk | 58,100 LKR | -29% |
| Auditing Manager | 155,000 LKR | +88% |
| Billing Clerk | 57,300 LKR | -30% |
| Billing Coordinator | 66,900 LKR | -19% |
| Billing Specialist | 76,900 LKR | -6% |
| Billing Supervisor | 106,000 LKR | +29% |
| Bookkeeper | 49,500 LKR | -40% |
| Bookkeeping Specialist | 68,700 LKR | -16% |
| Budget Analyst | 126,000 LKR | +53% |
| Budget Manager | 148,000 LKR | +80% |
| Business Support Analyst | 82,900 LKR | +1% |
| Capital Markets Associate | 112,000 LKR | +36% |
| Cash Flow Analyst | 106,000 LKR | +29% |
| Cash Management Manager | 150,000 LKR | +82% |
| Cash Management Officer | 84,900 LKR | +3% |
| Cashbook Clerk | 50,400 LKR | -39% |
| Chartered Accountant | 92,200 LKR | +12% |
| Chief Accountant | 111,000 LKR | +35% |
| Chief Financial Technology Officer | 148,000 LKR | +80% |
| Collections Clerk | 46,200 LKR | -44% |
| Collections Representative | 60,600 LKR | -26% |
| Collections Specialist | 72,700 LKR | -12% |
| Corporate Controller | 121,000 LKR | +47% |
| Corporate Treasurer | 136,000 LKR | +65% |
| Cost Accountant | 75,300 LKR | -8% |
| Cost Accounting Manager | 138,000 LKR | +68% |
| Cost Accounting Supervisor | 115,000 LKR | +40% |
| Cost Analyst | 120,000 LKR | +46% |
| Credit and Collection Manager | 143,000 LKR | +74% |
| Credit and Collection Staff | 53,100 LKR | -35% |
| Credit and Loans Officer | 53,100 LKR | -35% |
| Credit Controller | 100,000 LKR | +22% |
| Credit Manager | 150,000 LKR | +82% |
| Debt Adviser | 122,000 LKR | +48% |
| Debt Collector | 57,900 LKR | -30% |
| Debtors Clerk | 49,700 LKR | -40% |
| Debtors Controller | 52,100 LKR | -37% |
| Deputy CFO | 207,000 LKR | +150% |
| Deputy Head of Finance | 198,000 LKR | +140% |
| Derivative Trader | 125,000 LKR | +52% |
| Director of Finance | 221,000 LKR | +170% |
| E-commerce Accountant | 79,100 LKR | -4% |
| Economist | 169,000 LKR | +110% |
| Equity Analyst | 126,000 LKR | +53% |
| Escrow Assistant | 62,600 LKR | -24% |
| Executive Accountant | 77,900 LKR | -5% |
| External Auditor | 102,000 LKR | +24% |
| Finance Administrator | 81,500 LKR | -1% |
| Finance Analyst | 125,000 LKR | +52% |
| Finance Associate | 65,600 LKR | -20% |
| Finance Data Analyst | 118,000 LKR | +43% |
| Finance Director | 217,000 LKR | +160% |
| Finance Executive | 155,000 LKR | +88% |
| Finance Licensing Clerk | 51,500 LKR | -37% |
| Finance Licensing Manager | 133,000 LKR | +62% |
| Finance Licensing Specialist | 81,500 LKR | -1% |
| Finance Manager | 202,000 LKR | +150% |
| Finance Officer | 66,600 LKR | -19% |
| Finance President | 208,000 LKR | +150% |
| Finance Relationship Manager | 166,000 LKR | +100% |
| Finance Release Analyst | 86,200 LKR | +5% |
| Finance Specialist | 117,000 LKR | +42% |
| Finance Team Leader | 164,000 LKR | +99% |
| Financial Accountant | 69,900 LKR | -15% |
| Financial Actuary | 108,000 LKR | +31% |
| Financial Administrator | 122,000 LKR | +48% |
| Financial Advisor | 138,000 LKR | +68% |
| Financial Analyst | 124,000 LKR | +51% |
| Financial Applications Specialist | 94,800 LKR | +15% |
| Financial Assistant | 59,700 LKR | -27% |
| Financial Associate | 71,000 LKR | -14% |
| Financial Claims Analyst | 95,300 LKR | +16% |
| Financial Claims Manager | 123,000 LKR | +50% |
| Financial Claims Supervisor | 124,000 LKR | +51% |
| Financial Clerk | 53,700 LKR | -35% |
| Financial Commercial Analyst | 104,000 LKR | +26% |
| Financial Compliance Analyst | 119,000 LKR | +45% |
| Financial Compliance Officer | 113,000 LKR | +37% |
| Financial Consultant | 96,800 LKR | +18% |
| Financial Controller | 115,000 LKR | +40% |
| Financial Coordinator | 65,000 LKR | -21% |
| Financial Customer Service Manager | 128,000 LKR | +56% |
| Financial Data Scientist | 130,000 LKR | +58% |
| Financial Dealer and Broker | 76,500 LKR | -7% |
| Financial Director | 223,000 LKR | +170% |
| Financial Encoder | 59,500 LKR | -28% |
| Financial Manager | 193,000 LKR | +130% |
| Financial Modelling Analyst | 135,000 LKR | +64% |
| Financial Operations Manager | 182,000 LKR | +120% |
| Financial Policy Analyst | 115,000 LKR | +40% |
| Financial Project Manager | 143,000 LKR | +74% |
| Financial Quantitative Analyst | 130,000 LKR | +58% |
| Financial Reporting Consultant | 100,000 LKR | +22% |
| Financial Reporting Manager | 142,000 LKR | +73% |
| Financial Section Head | 136,000 LKR | +65% |
| Financial Services Manager | 179,000 LKR | +120% |
| Financial Services Sales Agent | 80,100 LKR | -3% |
| Financial Technology Consultant | 116,000 LKR | +41% |
| Financial Wellness Coach | 148,000 LKR | +80% |
| FinTech Analyst | 121,000 LKR | +47% |
| Fixed Assets Administrator | 74,400 LKR | -10% |
| Forensic Accountant | 83,600 LKR | +2% |
| Fraud Detection Supervisor | 93,300 LKR | +13% |
| Fraud Prevention Manager | 151,000 LKR | +84% |
| Fund Accountant | 69,200 LKR | -16% |
| Grants Coordinator | 51,300 LKR | -38% |
| Green Finance Analyst | 110,000 LKR | +34% |
| Group Financial Manager | 206,000 LKR | +150% |
| Internal Auditor | 95,300 LKR | +16% |
| Internal Control Adviser | 119,000 LKR | +45% |
| Internal Control Officer | 64,500 LKR | -22% |
| International Tax Director | 181,000 LKR | +120% |
| Inventory Accountant | 72,500 LKR | -12% |
| Investment Advisor | 189,000 LKR | +130% |
| Investment Analyst | 136,000 LKR | +65% |
| Investment Associate | 119,000 LKR | +45% |
| Investment Broker | 125,000 LKR | +52% |
| Investment Fund Manager | 154,000 LKR | +87% |
| Investment Operations Manager | 163,000 LKR | +98% |
| Investment Underwriter | 63,600 LKR | -23% |
| Investor | 96,100 LKR | +17% |
| Investor Relations Manager | 146,000 LKR | +78% |
| KYC Team Leader | 136,000 LKR | +65% |
| Loan Processor | 60,700 LKR | -26% |
| Management Accountant | 84,600 LKR | +3% |
| Management Economist | 169,000 LKR | +110% |
| Paymaster | 58,300 LKR | -29% |
| Payroll Administrator | 96,900 LKR | +18% |
| Payroll Benefits Coordinator | 82,200 LKR | -0% |
| Payroll Billing Manager | 133,000 LKR | +62% |
| Payroll Clerk | 62,600 LKR | -24% |
| Payroll Manager | 128,000 LKR | +56% |
| Payroll Officer | 61,900 LKR | -25% |
| Payroll Specialist | 72,300 LKR | -12% |
| Payroll Supervisor | 96,700 LKR | +18% |
| Pensions Administrator | 77,000 LKR | -6% |
| Personal Financial Advisor | 104,000 LKR | +26% |
| Pricing Analyst | 116,000 LKR | +41% |
| Private Equity Analyst | 130,000 LKR | +58% |
| Project Accountant | 74,900 LKR | -9% |
| Proposal Development Coordinator | 64,700 LKR | -21% |
| Quantitative Trader | 99,600 LKR | +21% |
| Receivables Accountant | 65,900 LKR | -20% |
| Regulatory Accountant | 75,400 LKR | -8% |
| Retirement Plan Analyst | 121,000 LKR | +47% |
| Revenue Management Specialist | 123,000 LKR | +50% |
| Revenue Recognition Analyst | 139,000 LKR | +69% |
| Risk Management Director | 166,000 LKR | +100% |
| Risk Management Supervisor | 148,000 LKR | +80% |
| Staff Accountant | 67,800 LKR | -18% |
| Tax Accountant | 65,700 LKR | -20% |
| Tax Administrator | 80,200 LKR | -2% |
| Tax Advisor | 111,000 LKR | +35% |
| Tax Analyst | 108,000 LKR | +31% |
| Tax Associate | 63,800 LKR | -22% |
| Tax Consultant | 110,000 LKR | +34% |
| Tax Director | 173,000 LKR | +110% |
| Tax Examiner | 80,200 LKR | -2% |
| Tax Manager | 149,000 LKR | +81% |
| Tax Research Manager | 146,000 LKR | +78% |
| Teller | 41,500 LKR | -50% |
| Treasury Accountant | 75,700 LKR | -8% |
| Treasury Analyst | 124,000 LKR | +51% |
| Underwriter | 48,800 LKR | -41% |
| Underwriting Assistant | 49,500 LKR | -40% |
| Vice President of Finance | 208,000 LKR | +150% |
Salary Comparison By City
| City | Average Salary |
| Colombo | 82,200 LKR |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Sri Lanka is 8% on average across all career fields.
| Private Sector | 86,300 LKR | |
| Public Sector | +8% | 92,900 LKR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Payroll Benefits Coordinator in Colombo?
A good and competitive compensation would range anywhere between 78,600 LKR and 90,600 LKR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Payroll Benefits Coordinator in Colombo ranges from 37,800 LKR to 63,400 LKR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
