Finastra Senior Payroll Specialist Salaries by 4 Employees

7 - 9 years exp.

₹7.7 Lakhs - ₹14.5 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

61% more than the average Senior Payroll Specialist Salary in Software Product Companies for 7 - 9 years of experience

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Last Updated: 17 Oct 2024

Companies similar to Finastra for Senior Payroll Specialist

Company name	Avg Annual Salary	Open Jobs
Thomson Reuters Senior Payroll Specialist Salary 5 - 10 years exp. (9 salaries)	₹9.4 L/yr - ₹14.3 L/yr 1% less
Adobe Senior Payroll Specialist Salary 9 - 13 years exp. (4 salaries)	₹13.6 L/yr - ₹25 L/yr 67% more
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Paychex IT Solutions India Senior Payroll Specialist Salary 2 - 6 years exp. (3 salaries)	₹4.9 L/yr - ₹6.2 L/yr 49% less
Automatic Data Processing (ADP) Senior Payroll Specialist Salary 2 - 7 years exp. (69 salaries)	₹2.5 L/yr - ₹7.8 L/yr 51% less
Paybooks Technologies India Senior Payroll Specialist Salary 4 - 8 years exp. (22 salaries)	₹4 L/yr - ₹7.2 L/yr 48% less

Senior Payroll Specialist salary at Finastra ranges between ₹7.7 Lakhs to ₹14.5 Lakhs per year for employees with experience between 7 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Finastra.

Experience wise Finastra Senior Payroll Specialist salaries

Last Updated: 17 Oct 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹14.5 L/yr
8 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹20.5 L/yr
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9 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹14.5 L/yr

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Salary related reviews for Finastra

5.0

Rated by 1 employees for salary & benefits

Senior Business Analyst And Product Owner in Bangalore / Bengaluru

Full Time

Product Management Department

3.0

• posted on 25 Dec 2024

2.0

for Salary and Benefits

Likes

The company is ok in terms of work life balance

Company culture - Good

+1 more

Dislikes

... documentation of the things which makes it tougher to learn for the new joinee. 4) very bad salary hikes 5) silent firing of the employees which don't make any headlines

Salary - Poor

+3 more

Software Engineer in Pune

Full Time

Engineering - Software & QA Department

4.0

• posted on 20 May 2024

4.0

for Salary and Benefits

Likes

The company culture is very good, working at Finastra is really good, work life balance is the biggest plus point here. Also, company offers Hybrid work from office, 2 days a week.

Salary - Good

+3 more

Dislikes

Food is too much costly, you need to wait more for promotions, salary also needs to raise.

Software Engineer in Thiruvananthapuram

Full Time

Engineering - Software & QA Department

4.0

• posted on 12 Jul 2024

4.0

for Salary and Benefits

Likes

Salary will be a good one , able to enhance tech skills, learn new tech. They are using recent new technologies only

Salary - Good

+4 more

Dislikes

Job security is very less. Few people (not one or two ) people affected lay off . For freshers it wont be there. But for seniors (not by overall exp, seniors based on exp in finastra) job security is very less. Some will get a notice period of 1 month . They will give a good amount for these lay off people based on the experience . They are doing this layoff for cost cutting. I joined there by seeing ambition box review and hr's sugar coating words about job security. So guys if you want a secured job dont come here. If u want only 1-2 years of experience in Finastra for gaining knowledge about recent tech u can.

Job security - Bad

Expert Software Engineer in Pune

Full Time

Engineering - Software & QA Department

3.0

• posted on 15 Mar 2022

1.0

for Salary and Benefits

Likes

Most of the people come with enthusiasm to start working with Finastra and end up loosing their work life balance and satisfaction. They have a lot of glitches in their system and fixing them takes a lot time which the managers don’t give making the employees life hell

Job security - Good

Dislikes

...ues, and innumerable follow up. They give opportunities only to their favorites. They always ask to work on weekends without compensation or allowances

Salary - Bad

+5 more

Expert Software Engineer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

2.0

• posted on 12 Sep 2022

3.0

for Salary and Benefits

Likes

Only the offered package at the time of joining is good and if you are lucky you would get good bonus as well

Dislikes

Company culture is worst, there are many senior developers who don’t have much skills and they are unworthy to outside markets are getting promoted and getting good hikes only because they are good at buttering and politics Skilled and talented people leave Finsatra within two years due to pathetic work culture and bad politics

Skill development - Poor

+5 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Finastra Senior Payroll Specialist Salary FAQs

What is the salary of Senior Payroll Specialist at Finastra ?

The average salary of a Senior Payroll Specialist at Finastra in India typically ranges from ₹7.7 Lakhs to ₹14.5 Lakhs per year, depending on experience (from 7 years to 9 years).

The top 10% of Senior Payroll Specialist at Finastra earn more than ₹14.5 Lakhs per year, and the top 1% earn over ₹14.5 Lakhs per year. Senior Payroll Specialist Salaries at Finastra can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Finastra employees in India.

What is the estimated take home salary of a Senior Payroll Specialist at Finastra in India?

The estimated take-home salary of a Senior Payroll Specialist at Finastra in India typically ranges from ₹81,154 to ₹83,269 per month. This is based on the average salary range of ₹7.7 Lakhs to ₹14.5 Lakhs per year for employees with experience ranging from 7 years to 9 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Finastra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Finastra for Senior Payroll Specialist in India?

Adobe

₹13.6 Lakhs to ₹25.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Finastra, depending on the role and experience level.

What is the salary of a Senior Payroll Specialist in companies similar to Finastra in India?

The salary of a Senior Payroll Specialist at companies similar to Finastra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Thomson Reuters	₹9.4 Lakhs to ₹14.3 Lakhs per year
Paybooks Technologies India	₹4.0 Lakhs to ₹7.2 Lakhs per year
Paychex IT Solutions India	₹4.9 Lakhs to ₹6.2 Lakhs per year
Automatic Data Processing (ADP)	₹2.5 Lakhs to ₹7.8 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Senior Payroll Specialist at Finastra in India?

The salary growth for a Senior Payroll Specialist at Finastra depends on factors such as experience, performance, and promotions. On average, a Senior Payroll Specialist can expect the following growth trajectory at Finastra:

Experience	Average Salary Range
7 years	₹7.7 Lakhs to ₹14.5 Lakhs per year
8 years	₹7.7 Lakhs to ₹20.5 Lakhs per year
9 years	₹5.6 Lakhs to ₹14.5 Lakhs per year

and so on.

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Finastra Senior Payroll Specialist Salaries

Finastra Senior Payroll Specialist salary in India ranges between ₹7.7 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Finastra latest salaries received from various employees of Finastra.