Timekeeper vs paymaster

The differences between timekeepers 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 timekeeper and a paymaster. Additionally, a paymaster has an average salary of $69,234, which is higher than the $46,290 average annual salary of a timekeeper.

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

Timekeeper vs paymaster overview

	Timekeeper	Paymaster
Yearly salary	$46,290	$69,234
Hourly rate	$22.25	$33.29
Growth rate	-3%	-3%
Number of jobs	754	668
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 32%	Bachelor's Degree, 57%
Average age	48	48
Years of experience	4	4

Timekeeper vs paymaster salary

Timekeepers and paymasters have different pay scales, as shown below.

	Timekeeper	Paymaster
Average salary	$46,290	$69,234
Salary range	Between $30,000 And $69,000	Between $41,000 And $115,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between timekeeper and paymaster education

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

	Timekeeper	Paymaster
Most common degree	Bachelor's Degree, 32%	Bachelor's Degree, 57%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Timekeeper vs paymaster demographics

Here are the differences between timekeepers' and paymasters' demographics:

	Timekeeper	Paymaster
Average age	48	48
Gender ratio	Male, 17.2% Female, 82.8%	Male, 27.8% Female, 72.2%
Race ratio	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%	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 timekeeper and paymaster duties and responsibilities

Timekeeper example responsibilities.

Perform data entry, produce and analyze reports while utilizing standard payroll and timekeeping systems.
Input time for employees into CCM.
Verify and print pay stubs through JDE.
Coordinate FMLA, disabilities and leave of absences.
Time keeping and entering PTO to submit on weekly basis
Train new CCM vendors when onboarding on allocations, balancing and the exception process.

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.

Timekeeper vs paymaster skills

Common timekeeper skills

Timekeeping, 21%
Data Entry, 14%
Human Resources, 8%
Per Diem, 7%
Kronos, 7%
Turnaround, 5%

Common paymaster skills

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