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Payroll and Timekeeping Clerk Salary in the Industry of Insurance and Employee Benefit Funds

The salary statistics and trend of payroll and timekeeping clerks in the industry of insurance and employee benefit funds are shown in the following tables and chart. In Table 3 we compare payroll and timekeeping clerk salaries in different industries within the finance and insurance sector.

Table 1. Average Annual Salary

Percentile BracketAverage Annual Salary
10th Percentile Wage
$27,060
25th Percentile Wage
$31,740
50th Percentile Wage
$43,410
75th Percentile Wage
$52,980
90th Percentile Wage
$60,430

Table 1 shows the average annual salaries for payroll and timekeeping clerks in the industry of insurance and employee benefit funds. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) payroll and timekeeping clerks is $60,430. The median annual salary (50th percentile) is $43,410. The average annual salary for the bottom 10 percent payroll and timekeeping clerks is $27,060.

Table 3. Compare Payroll and Timekeeping Clerk Salary in Different Industries within the Finance and Insurance Sector

The average salaries of payroll and timekeeping clerks in seven industries within the finance and insurance sector are shown in Table 3. We note that the salary of payroll and timekeeping clerks in the industry of insurance and employee benefit funds ($43,410) is in the middle range among all industries within the sector of finance and insurance. For salary information of payroll and timekeeping clerks in a specific industry, use the links in the table.

Industry Median Annual Salary
Securities and Commodity Contracts Intermediation and Brokerage
$51,210
Other Financial Investment Activities
$51,010
Other Investment Pools and Funds
$45,810
Funds, Trusts, and Other Financial Vehicles
$44,640
Activities Related to Credit Intermediation
$44,290
Insurance and Employee Benefit Funds
$43,410
Depository Credit Intermediation
$42,390

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