Benefit Director salary in Iceland

Average Yearly Salary of Benefit Director in Iceland is approximately 16,450,636 ISK (115,637 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 Benefit Director do?

A Benefit Director is responsible for overseeing and managing employee benefits programs within an organization. They design, implement, and administer various benefit plans such as health insurance, retirement plans, paid time off, and other employee perks. The Benefit Director ensures compliance with relevant laws and regulations, evaluates the effectiveness of benefit programs, and makes recommendations for improvements. They also work closely with insurance providers, vendors, and brokers to negotiate contracts and manage relationships. Additionally, they communicate benefit information to employees, provide guidance on benefit options, and handle employee inquiries and concerns. The Benefit Director plays a crucial role in attracting and retaining employees by offering competitive and comprehensive benefit packages.

Skills: Benefit Administration, Employee Benefits, Compensation and Benefits, HR Management, Benefits Specialist, Benefits Communication
Job industry: Human resources

How much does Benefit Director make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Benefit Director a well paid job?

Yes, our data shows that Benefit Director 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 Benefit Director?

High salary for Benefit Director would be somewhere between 18,095,700 ISK and 23,853,422 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Benefit Director 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: 16,450,636 ISK
Estimated Monthly Salary: 1,370,886 ISK
Estimated Weekly Salary: 316,358 ISK per week
Estimated Hourly Salary: 7,909 ISK per hour
By working as Benefit Director a person can save up to 6,908 USD per month or 82,891 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 Benefit Director

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.

Top 10 highest salaries in Iceland

Data as of 2025

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