Payroll specialists in the US are expected to grow by almost 8% in 2018 and are expected by some experts to pay the median wage of $50,000 in 2018.
However, it is expected the pay rate will fall by more than 4% by 2019 and the number of payers will increase by fewer than 400 people in 2020, according to Payrolls and Accounting, a US consulting firm.
While pay rates have fallen since the recession, they have continued to rise since then, said Scott Bair, an associate professor of accounting at Columbia University.
Payroll specialists were responsible for allocating payments to employers and making payments for health care services and other items.
The jobs pay the minimum wage of roughly $15 an hour, while a salary of $80,000 or more can go to some of the highest paid CEOs in the world.