Home > Salary > Iceland > Benefits Manager
A Benefits Manager is responsible for overseeing and managing employee benefits programs within an organization. They work closely with HR departments to develop, implement, and administer benefits packages that align with the company's goals and meet the needs of its employees. This involves researching and analyzing various benefit options, negotiating contracts with insurance providers, and ensuring compliance with legal requirements. Additionally, Benefits Managers educate employees about their benefits, handle claims and inquiries, and monitor the effectiveness of the programs.
Estimated Yearly Salary: 15,321,208 ISK
Estimated Monthly Salary: 1,276,767 ISK
Estimated Weekly Salary: 294,639 ISK per week
Estimated Hourly Salary: 7,366 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,231,707 ISK
Estimated Weekly Salary: 284,240 ISK per week
Estimated Hourly Salary: 7,106 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 106,962 USD
Estimated Monthly Salary: 8,914 USD
Estimated Weekly Salary: 2,057 USD per week
Estimated Hourly Salary: 51 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 15,321,208 ISK
Estimated Monthly Salary: 1,276,767 ISK
Estimated Weekly Salary: 294,639 ISK per week
Estimated Hourly Salary: 7,366 ISK per hour
By working as Benefits Manager a person can save up to 6,185 USD per month or 74,216 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 Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Medical unit manager (12,887,712 ISK per year, pre-tax.)
Senior construction manager (20,947,927 ISK per year, pre-tax.)
Lawyer public interest (9,568,690 ISK per year, pre-tax.)
Customer service sales associate (4,678,674 ISK per year, pre-tax.)
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Benefits Manager salary in Iceland
Average Yearly Salary of Benefits Manager in Iceland is approximately 15,321,208 ISK (106,962 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 Manager do?
A Benefits Manager is responsible for overseeing and managing employee benefits programs within an organization. They work closely with HR departments to develop, implement, and administer benefits packages that align with the company's goals and meet the needs of its employees. This involves researching and analyzing various benefit options, negotiating contracts with insurance providers, and ensuring compliance with legal requirements. Additionally, Benefits Managers educate employees about their benefits, handle claims and inquiries, and monitor the effectiveness of the programs.
Skills: Benefits Management, Employee Benefits, HR Administration, Insurance Contracts, Compliance, Benefits Education
Job industry: Human resources
Job industry: Human resources
How much does Benefits Manager make?
Salary details
How much does Benefits Manager make?Estimated Yearly Salary: 15,321,208 ISK
Estimated Monthly Salary: 1,276,767 ISK
Estimated Weekly Salary: 294,639 ISK per week
Estimated Hourly Salary: 7,366 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 14,780,480 ISKEstimated Monthly Salary: 1,231,707 ISK
Estimated Weekly Salary: 284,240 ISK per week
Estimated Hourly Salary: 7,106 ISK per hour
Last revision of data: 2024-01-03Benefits Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 106,962 USD
Estimated Monthly Salary: 8,914 USD
Estimated Weekly Salary: 2,057 USD per week
Estimated Hourly Salary: 51 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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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Country:
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 Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Benefits Manager in Iceland earns on average:
1.71 times the average salary (or 171% 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 Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Benefits Manager in Iceland earns on average:
1.71 times the average salary (or 171% of average salary).
Is Benefits Manager a well paid job?
Yes, our data shows that Benefits Manager 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 Manager?
High salary for Benefits Manager would be somewhere between 16,853,329 ISK and 22,215,752 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Benefits Manager 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: 15,321,208 ISK
Estimated Monthly Salary: 1,276,767 ISK
Estimated Weekly Salary: 294,639 ISK per week
Estimated Hourly Salary: 7,366 ISK per hour
By working as Benefits Manager a person can save up to 6,185 USD per month or 74,216 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 Manager
Norway is 150,216 USD
United Kingdom is 70,274 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.)
(79,217,486 ISK per year, pre-tax.)
(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:
Medical unit manager (12,887,712 ISK per year, pre-tax.)
Senior construction manager (20,947,927 ISK per year, pre-tax.)
Lawyer public interest (9,568,690 ISK per year, pre-tax.)
Customer service sales associate (4,678,674 ISK per year, pre-tax.)
Leasing agent real estate (4,033,071 ISK per year, pre-tax.)
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