Compensation Benefits Or Job Analysis Specialist salary in Iceland

Average Yearly Salary of Compensation Benefits Or Job Analysis Specialist in Iceland is approximately 11,450,000 ISK (80,085 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 Or Job Analysis Specialist do?

A compensation benefits specialist is responsible for analyzing and evaluating employee compensation and benefits programs within an organization. They ensure that these programs are competitive, fair, and aligned with the company's overall goals and industry standards. This occupation involves conducting job analyses to determine the appropriate salary ranges, benefits packages, and incentives for different positions. They also review market data and trends to make recommendations on compensation strategies and adjustments. Additionally, they may develop and administer performance-based compensation plans, conduct salary surveys, and participate in salary negotiations. Strong analytical and communication skills are essential for this role, as specialists must effectively communicate compensation policies and procedures to employees and management. Overall, the occupation of a compensation benefits specialist plays a critical role in attracting and retaining top talent by designing and implementing effective compensation and benefits programs.

Skills: Compensation analysis, Benefits administration, Job evaluation, Salary benchmarking, Compensation strategy, Employee rewards
Job industry: Human resources

How much does Compensation Benefits Or Job Analysis Specialist make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Compensation Benefits Or Job Analysis Specialist a well paid job?

Yes, our data shows that Compensation Benefits Or Job Analysis Specialist 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 Or Job Analysis Specialist?

High salary for Compensation Benefits Or Job Analysis Specialist would be somewhere between 12,595,000 ISK and 16,602,500 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Compensation Benefits Or Job Analysis Specialist 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: 11,450,000 ISK
Estimated Monthly Salary: 954,167 ISK
Estimated Weekly Salary: 220,192 ISK per week
Estimated Hourly Salary: 5,505 ISK per hour
By working as Compensation Benefits Or Job Analysis Specialist a person can save up to 3,945 USD per month or 47,339 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 Or Job Analysis Specialist

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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