Payroll technician vs paymaster

The differences between payroll technicians and paymasters 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 technician and a paymaster. Additionally, a paymaster has an average salary of $69,234, which is higher than the $44,971 average annual salary of a payroll technician.

The top three skills for a payroll technician include payroll system, human resources and data entry. The most important skills for a paymaster are ADP, payroll processing, and payroll system.

Payroll technician vs paymaster overview

	Payroll Technician	Paymaster
Yearly salary	$44,971	$69,234
Hourly rate	$21.62	$33.29
Growth rate	-3%	-3%
Number of jobs	11,297	668
Job satisfaction	5	-
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 57%
Average age	48	48
Years of experience	4	4

Payroll technician vs paymaster salary

Payroll technicians and paymasters have different pay scales, as shown below.

	Payroll Technician	Paymaster
Average salary	$44,971	$69,234
Salary range	Between $30,000 And $66,000	Between $41,000 And $115,000
Highest paying City	San Francisco, CA	-
Highest paying state	New Jersey	-
Best paying company	InfosysPublicService	-
Best paying industry	Finance	-

Differences between payroll technician and paymaster education

There are a few differences between a payroll technician and a paymaster in terms of educational background:

	Payroll Technician	Paymaster
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 57%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Payroll technician vs paymaster demographics

Here are the differences between payroll technicians' and paymasters' demographics:

	Payroll Technician	Paymaster
Average age	48	48
Gender ratio	Male, 19.1% Female, 80.9%	Male, 27.8% Female, 72.2%
Race ratio	Black or African American, 9.7% Unknown, 6.1% Hispanic or Latino, 18.9% Asian, 6.1% White, 57.7% American Indian and Alaska Native, 1.5%	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%
LGBT Percentage	10%	10%

Differences between payroll technician and paymaster duties and responsibilities

Payroll technician example responsibilities.

Provide Kronos and Lawson support to management concerning departmental payroll and timekeeping.
Evaluate time cards through KRONOS for accuracy.
Transmit and process payroll for hourly/shift employees on a bi-weekly basis with the use of ADP software.
Process payroll from the loading of time and attendance files to submitting payment data to ADP for check printing.
Provide payroll calculation and leave posting input for computer processing.
Participate in the successful implementation of PeopleSoft from an in-house system.

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.

Payroll technician vs paymaster skills

Common payroll technician skills

Payroll System, 9%
Human Resources, 7%
Data Entry, 6%
Life Insurance, 5%
Kronos, 4%
Payroll Data, 4%

Common paymaster skills

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