Benefits Administrator salary in Iceland

Average Yearly Salary of Benefits Administrator in Iceland is approximately 10,894,576 ISK (76,249 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 Benefits Administrator do?

A benefits administrator is responsible for managing and overseeing employee benefits programs within an organization. They play a crucial role in ensuring that employees receive the appropriate benefits, such as health insurance, retirement plans, and paid time off. This occupation involves collaborating with employees to explain benefit options, assisting with enrollment processes, and addressing any questions or concerns related to benefits. Additionally, benefits administrators handle paperwork, maintain accurate records, and communicate with external vendors to ensure smooth administration of benefits programs. They also stay updated on industry trends and regulations to ensure compliance with legal requirements. Overall, a benefits administrator plays a vital role in supporting employee well-being and satisfaction by effectively managing and administering benefits programs.

Skills: Benefits administration, Employee benefits, Health insurance, Retirement plans, Human resources, Compliance.
Job industry: Human resources

How much does Benefits Administrator make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Benefits Administrator a well paid job?

Yes, our data shows that Benefits Administrator 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 Benefits Administrator?

High salary for Benefits Administrator would be somewhere between 11,984,034 ISK and 15,797,135 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Benefits Administrator 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: 10,894,576 ISK
Estimated Monthly Salary: 907,881 ISK
Estimated Weekly Salary: 209,511 ISK per week
Estimated Hourly Salary: 5,238 ISK per hour
By working as Benefits Administrator a person can save up to 3,625 USD per month or 43,503 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 Benefits Administrator

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

Random salary:
Paralegal manager (11,071,238 ISK per year, pre-tax.)
Golf professional (6,721,823 ISK per year, pre-tax.)
Regional sales director (14,313,506 ISK per year, pre-tax.)
Senior construction manager (15,578,767 ISK per year, pre-tax.)
Musician or singer (18,183,165 ISK per year, pre-tax.)

Feedback about these results