Compensation Benefits Administrator salary in Iceland

Average Yearly Salary of Compensation Benefits Administrator in Iceland is approximately 12,202,315 ISK (85,574 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 Compensation Benefits Administrator do?

A compensation benefits administrator is responsible for managing and administering employee compensation and benefits programs within an organization. They are responsible for ensuring that employees receive accurate and timely compensation, including salary, bonuses, and incentives. They also handle employee benefits programs such as health insurance, retirement plans, and leave policies. The compensation benefits administrator works closely with HR teams to develop and implement compensation strategies that align with the organization's goals and budget. They analyze market trends and benchmarking data to ensure competitive compensation packages are offered. Additionally, they play a crucial role in resolving employee inquiries and concerns related to compensation and benefits. Strong analytical skills, attention to detail, and knowledge of legal regulations are essential for this role.

Skills: Compensation, Benefits, Administration, HR, Employee Compensation, Benefits Programs
Job industry: Human resources

How much does Compensation Benefits Administrator make?

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


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Salary comparison to National average

Is Compensation Benefits Administrator a well paid job?

Yes, our data shows that Compensation 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 Compensation Benefits Administrator?

High salary for Compensation Benefits Administrator would be somewhere between 13,422,547 ISK and 17,693,357 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Compensation 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: 12,202,315 ISK
Estimated Monthly Salary: 1,016,860 ISK
Estimated Weekly Salary: 234,660 ISK per week
Estimated Hourly Salary: 5,866 ISK per hour
By working as Compensation Benefits Administrator a person can save up to 4,402 USD per month or 52,828 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 Compensation 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

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