Home > Salary > Iceland > Compensation Supervisor
A compensation supervisor is responsible for overseeing and managing the compensation programs within an organization. They analyze market data to determine appropriate salary ranges, develop and implement compensation policies and procedures, and ensure compliance with legal requirements. They also conduct job evaluations and make recommendations for salary adjustments or promotions. Additionally, compensation supervisors may be involved in designing and administering bonus and incentive programs, as well as providing guidance and support to HR staff and management regarding compensation-related matters.
Estimated Yearly Salary: 12,518,592 ISK
Estimated Monthly Salary: 1,043,216 ISK
Estimated Weekly Salary: 240,742 ISK per week
Estimated Hourly Salary: 6,019 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,010,176 ISK
Estimated Weekly Salary: 233,118 ISK per week
Estimated Hourly Salary: 5,828 ISK per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 87,989 USD
Estimated Monthly Salary: 7,332 USD
Estimated Weekly Salary: 1,692 USD per week
Estimated Hourly Salary: 42 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.
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Estimated Yearly Salary: 12,518,592 ISK
Estimated Monthly Salary: 1,043,216 ISK
Estimated Weekly Salary: 240,742 ISK per week
Estimated Hourly Salary: 6,019 ISK per hour
By working as Compensation Supervisor a person can save up to 4,604 USD per month or 55,243 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 Compensation Supervisor
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Patient access specialist (4,586,702 ISK per year, pre-tax.)
Storage engineer (13,048,245 ISK per year, pre-tax.)
Insurance sales representative (5,456,562 ISK per year, pre-tax.)
Billing supervisor (10,205,618 ISK per year, pre-tax.)
Public works director (11,187,227 ISK per year, pre-tax.)
Compensation Supervisor salary in Iceland
Average Yearly Salary of Compensation Supervisor in Iceland is approximately 12,518,592 ISK (87,989 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 Supervisor do?
A compensation supervisor is responsible for overseeing and managing the compensation programs within an organization. They analyze market data to determine appropriate salary ranges, develop and implement compensation policies and procedures, and ensure compliance with legal requirements. They also conduct job evaluations and make recommendations for salary adjustments or promotions. Additionally, compensation supervisors may be involved in designing and administering bonus and incentive programs, as well as providing guidance and support to HR staff and management regarding compensation-related matters.
Skills: Compensation, Supervisor, Salary Administration, Job Evaluation, Compensation Policies, Compliance
Job industry: Human resources
Job industry: Human resources
How much does Compensation Supervisor make?
Salary details
How much does Compensation Supervisor make?Estimated Yearly Salary: 12,518,592 ISK
Estimated Monthly Salary: 1,043,216 ISK
Estimated Weekly Salary: 240,742 ISK per week
Estimated Hourly Salary: 6,019 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 12,122,110 ISKEstimated Monthly Salary: 1,010,176 ISK
Estimated Weekly Salary: 233,118 ISK per week
Estimated Hourly Salary: 5,828 ISK per hour
Last revision of data: 2024-01-02Compensation Supervisor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 87,989 USD
Estimated Monthly Salary: 7,332 USD
Estimated Weekly Salary: 1,692 USD per week
Estimated Hourly Salary: 42 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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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 Compensation Supervisor job salary compared to average salary in Iceland.
Comparison shows that a person working as Compensation Supervisor in Iceland earns on average:
1.4 times the average salary (or 140% 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 Compensation Supervisor job salary compared to average salary in Iceland.
Comparison shows that a person working as Compensation Supervisor in Iceland earns on average:
1.4 times the average salary (or 140% of average salary).
Is Compensation Supervisor a well paid job?
Yes, our data shows that Compensation Supervisor 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 Supervisor?
High salary for Compensation Supervisor would be somewhere between 13,770,451 ISK and 18,151,958 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Compensation Supervisor 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: 12,518,592 ISK
Estimated Monthly Salary: 1,043,216 ISK
Estimated Weekly Salary: 240,742 ISK per week
Estimated Hourly Salary: 6,019 ISK per hour
By working as Compensation Supervisor a person can save up to 4,604 USD per month or 55,243 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 Supervisor
Norway is 122,715 USD
United Kingdom is 57,770 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:
Patient access specialist (4,586,702 ISK per year, pre-tax.)
Storage engineer (13,048,245 ISK per year, pre-tax.)
Insurance sales representative (5,456,562 ISK per year, pre-tax.)
Billing supervisor (10,205,618 ISK per year, pre-tax.)
Public works director (11,187,227 ISK per year, pre-tax.)
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