Paymaster vs benefits clerk

The differences between paymasters and benefits clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a paymaster and a benefits clerk. Additionally, a paymaster has an average salary of $69,234, which is higher than the $34,841 average annual salary of a benefits clerk.

The top three skills for a paymaster include ADP, payroll processing and payroll system. The most important skills for a benefits clerk are payroll system, data entry, and open enrollment.

Paymaster vs benefits clerk overview

	Paymaster	Benefits Clerk
Yearly salary	$69,234	$34,841
Hourly rate	$33.29	$16.75
Growth rate	-3%	-3%
Number of jobs	668	75,454
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 44%
Average age	48	48
Years of experience	4	4

Paymaster vs benefits clerk salary

Paymasters and benefits clerks have different pay scales, as shown below.

	Paymaster	Benefits Clerk
Average salary	$69,234	$34,841
Salary range	Between $41,000 And $115,000	Between $27,000 And $44,000
Highest paying City	-	Los Angeles, CA
Highest paying state	-	Minnesota
Best paying company	-	Monarch Casino & Resort
Best paying industry	-	Government

Differences between paymaster and benefits clerk education

There are a few differences between a paymaster and a benefits clerk in terms of educational background:

	Paymaster	Benefits Clerk
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 44%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Paymaster vs benefits clerk demographics

Here are the differences between paymasters' and benefits clerks' demographics:

	Paymaster	Benefits Clerk
Average age	48	48
Gender ratio	Male, 27.8% Female, 72.2%	Male, 13.3% Female, 86.7%
Race ratio	Black or African American, 8.9% Unknown, 6.1% Hispanic or Latino, 18.9% Asian, 6.1% White, 58.5% American Indian and Alaska Native, 1.5%	Black or African American, 10.5% Unknown, 6.1% Hispanic or Latino, 17.7% Asian, 5.9% White, 58.2% American Indian and Alaska Native, 1.5%
LGBT Percentage	10%	10%

Differences between paymaster and benefits clerk duties and responsibilities

Paymaster example responsibilities.

Manage annual professional liability in PeopleSoft for faculty and fellows.
Assist in month end process including accruals and payroll journals.
Create and maintain record of expenses and payments, assisting in the preparation of various reports and reconciliations.
Perform monthly balance sheet account reconciliations including bank and payroll reconciliations.
Maintain detailed records of employment, and provide spreadsheets/data of all payroll functions-for audit purposes in accordance with statutory requirements.
Create new inventory/non-inventory items in QuickBooks accounting system and tracks supplies accurately.

Benefits clerk example responsibilities.

Examine HMO documents to verify eligibility to process or reject into or from a manage care plan when necessary.
Enter employee data in HRIS system.
Used ADP HR/B software for benefits enrollment and reports.
Maintain retirement (401k) plan, FMLA and personnel records.
Monitor FMLA, CFRA, PDL, and personal leave of absence and premiums payments.
Update and maintain benefits data in the HRIS system to ensure accuracy and integrity of employee information.

Paymaster vs benefits clerk skills

Common paymaster skills

ADP, 11%
Payroll Processing, 11%
Payroll System, 10%
Accruals, 9%
Reconciliations, 8%
W-2, 8%

Common benefits clerk skills

Payroll System, 17%
Data Entry, 8%
Open Enrollment, 7%
Cobra, 7%
HRIS, 5%
Human Resources, 5%