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The differences between payroll specialists and timekeepers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a payroll specialist and a timekeeper. Additionally, a payroll specialist has an average salary of $46,462, which is higher than the $46,290 average annual salary of a timekeeper.
The top three skills for a payroll specialist include customer service, data entry and payroll data. The most important skills for a timekeeper are timekeeping, data entry, and human resources.
| Payroll Specialist | Timekeeper | |
| Yearly salary | $46,462 | $46,290 |
| Hourly rate | $22.34 | $22.25 |
| Growth rate | -3% | -3% |
| Number of jobs | 6,609 | 754 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 32% |
| Average age | 48 | 48 |
| Years of experience | 4 | 4 |
It is the primary duty of a payroll specialist to process payroll and maintain an accurate record of the personnel database and ensure employees are paid on time. Payroll specialists are in charge of addressing and resolving employee complaints regarding wages. Also, they manage the company's budget and expenses and prepare reports for the relevant departments. Those with a bachelor's degree in business or accounting are preferred to get the job. Candidates with related job experience and strong knowledge of tax, wage laws, and a good understanding of standard fiscal procedures are highly qualified for the position.
A Timekeeper works in various industries and organizations and is typically hired as the acting liaison between payroll coordinators and employees. This is to make sure the pay distribution process runs smoothly. As a timekeeper, you will be required to maintain an accurate track of the total number of hours worked for payroll purposes. This involves compiling payroll data from timesheets, computing wages, including the removal of taxes and social security withholding, and putting it into the computer system.
Payroll specialists and timekeepers have different pay scales, as shown below.
| Payroll Specialist | Timekeeper | |
| Average salary | $46,462 | $46,290 |
| Salary range | Between $34,000 And $61,000 | Between $30,000 And $69,000 |
| Highest paying City | Washington, DC | - |
| Highest paying state | Connecticut | - |
| Best paying company | Cambridge Associates | - |
| Best paying industry | Technology | - |
There are a few differences between a payroll specialist and a timekeeper in terms of educational background:
| Payroll Specialist | Timekeeper | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 32% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between payroll specialists' and timekeepers' demographics:
| Payroll Specialist | Timekeeper | |
| Average age | 48 | 48 |
| Gender ratio | Male, 17.3% Female, 82.7% | Male, 17.2% Female, 82.8% |
| Race ratio | Black or African American, 9.8% Unknown, 6.1% Hispanic or Latino, 18.2% Asian, 6.0% White, 58.5% American Indian and Alaska Native, 1.5% | Black or African American, 11.1% Unknown, 6.1% Hispanic or Latino, 18.0% Asian, 6.0% White, 57.4% American Indian and Alaska Native, 1.5% |
| LGBT Percentage | 10% | 10% |