Analyst Compensation Benefits salary in Iceland

Average Yearly Salary of Analyst Compensation Benefits in Iceland is approximately 12,901,309 ISK (90,028 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Analyst Compensation Benefits do?

An analyst in compensation benefits is responsible for evaluating and managing employee compensation and benefits programs within an organization. They collect and analyze data related to salary structures, bonus plans, and other forms of compensation to ensure that they are competitive and align with industry standards. Additionally, they assess employee benefit programs such as health insurance, retirement plans, and leave policies to ensure they meet the needs of employees while also being cost-effective for the company. The analyst may also provide recommendations for improvements or changes to compensation and benefits programs based on their analysis. This role requires strong analytical and quantitative skills, as well as knowledge of labor laws and regulations related to compensation and benefits.

Skills: Compensation analysis, Benefits management, Salary structures, Employee benefits, Compensation programs, HR analytics
Job industry: Finance

How much does Analyst Compensation Benefits make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Analyst Compensation Benefits a well paid job?

Yes, our data shows that Analyst Compensation Benefits is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Analyst Compensation Benefits?

High salary for Analyst Compensation Benefits would be somewhere between 14,191,440 ISK and 18,706,898 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Analyst Compensation Benefits in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 12,901,309 ISK
Estimated Monthly Salary: 1,075,109 ISK
Estimated Weekly Salary: 248,102 ISK per week
Estimated Hourly Salary: 6,203 ISK per hour
By working as Analyst Compensation Benefits a person can save up to 4,774 USD per month or 57,282 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Analyst Compensation Benefits

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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