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A Benefits Director is responsible for overseeing and managing employee benefits programs within an organization. They play a crucial role in designing, implementing, and administering various benefit plans, such as health insurance, retirement plans, disability coverage, and wellness programs. The Benefits Director ensures compliance with legal requirements, monitors industry trends, and evaluates the effectiveness of benefit programs. They collaborate with HR teams to communicate benefits information to employees, address inquiries, and resolve issues. Additionally, they work closely with insurance providers, brokers, and vendors to negotiate contracts, review plan options, and control costs. A Benefits Director must possess strong analytical skills, attention to detail, and knowledge of benefit regulations and laws.
Estimated Yearly Salary: 22,531,604 ISK
Estimated Monthly Salary: 1,877,634 ISK
Estimated Weekly Salary: 433,300 ISK per week
Estimated Hourly Salary: 10,833 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,816,553 ISK
Estimated Weekly Salary: 419,205 ISK per week
Estimated Hourly Salary: 10,480 ISK per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 157,574 USD
Estimated Monthly Salary: 13,131 USD
Estimated Weekly Salary: 3,030 USD per week
Estimated Hourly Salary: 76 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 22,531,604 ISK
Estimated Monthly Salary: 1,877,634 ISK
Estimated Weekly Salary: 433,300 ISK per week
Estimated Hourly Salary: 10,833 ISK per hour
By working as Benefits Director a person can save up to 10,402 USD per month or 124,828 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.
Estimated Yearly Salary for Benefits Director
Last revision of data: 2025-01-04
Data as of 2025
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Benefits Director salary in Iceland
Average Yearly Salary of Benefits Director in Iceland is approximately 22,531,604 ISK (157,574 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 Director do?
A Benefits Director is responsible for overseeing and managing employee benefits programs within an organization. They play a crucial role in designing, implementing, and administering various benefit plans, such as health insurance, retirement plans, disability coverage, and wellness programs. The Benefits Director ensures compliance with legal requirements, monitors industry trends, and evaluates the effectiveness of benefit programs. They collaborate with HR teams to communicate benefits information to employees, address inquiries, and resolve issues. Additionally, they work closely with insurance providers, brokers, and vendors to negotiate contracts, review plan options, and control costs. A Benefits Director must possess strong analytical skills, attention to detail, and knowledge of benefit regulations and laws.
Skills: Benefits Management, Employee Benefits, Benefit Programs, Compliance, HR Administration, Insurance Negotiation
Job industry: Human resources
Job industry: Human resources
How much does Benefits Director make?
Salary details
How much does Benefits Director make?Estimated Yearly Salary: 22,531,604 ISK
Estimated Monthly Salary: 1,877,634 ISK
Estimated Weekly Salary: 433,300 ISK per week
Estimated Hourly Salary: 10,833 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 21,798,634 ISKEstimated Monthly Salary: 1,816,553 ISK
Estimated Weekly Salary: 419,205 ISK per week
Estimated Hourly Salary: 10,480 ISK per hour
Last revision of data: 2024-01-07Benefits Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 157,574 USD
Estimated Monthly Salary: 13,131 USD
Estimated Weekly Salary: 3,030 USD per week
Estimated Hourly Salary: 76 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Benefits Director job salary compared to average salary in Iceland.
Comparison shows that a person working as Benefits Director in Iceland earns on average:
2.52 times the average salary (or 252% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Benefits Director job salary compared to average salary in Iceland.
Comparison shows that a person working as Benefits Director in Iceland earns on average:
2.52 times the average salary (or 252% of average salary).
Is Benefits Director a well paid job?
Yes, our data show that Benefits Director is a very 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 Director?
High salary for Benefits Director would be somewhere between 24,784,764 ISK and 32,670,826 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Benefits 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: 22,531,604 ISK
Estimated Monthly Salary: 1,877,634 ISK
Estimated Weekly Salary: 433,300 ISK per week
Estimated Hourly Salary: 10,833 ISK per hour
By working as Benefits Director a person can save up to 10,402 USD per month or 124,828 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 Director
Norway is 221,413 USD
United Kingdom is 103,950 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
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(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Junior business systems analyst (7,965,332 ISK per year, pre-tax.)
Process technician (8,369,907 ISK per year, pre-tax.)
Regional managing director (19,707,981 ISK per year, pre-tax.)
Sr. manager corporate communications (17,183,529 ISK per year, pre-tax.)
Bowling alley mechanic pinsetter (3,937,930 ISK per year, pre-tax.)
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Salary details displayed on this website are intended for reference use only. Our data comes from various inputs and may not always be accurate. Users should cross-reference salary information independently before making employment decisions. The figures shown here may fluctuate due to factors such as location, industry standards, and individual skill sets. We cannot guarantee that the data provided is error-free. By accessing this website, you agree that salary information is offered 'as is' and without warranties.