Director Compensation salary in Iceland

Average Yearly Salary of Director Compensation in Iceland is approximately 26,881,726 ISK (188,125 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 Director Compensation do?

The occupation of a Director of Compensation involves overseeing and managing the compensation programs within an organization. This role is responsible for developing and implementing compensation strategies, policies, and procedures to attract, retain, and motivate employees. They analyze market trends and conduct research to ensure the organization's compensation packages are competitive and aligned with industry standards. Directors of Compensation work closely with HR teams and senior management to design and administer various compensation plans, including salary structures, bonus programs, equity incentives, and benefits packages. They also monitor and evaluate the effectiveness of compensation programs, ensuring compliance with legal and regulatory requirements.

Skills: Director of Compensation, Compensation Management, Compensation Strategy, Benefits Administration, Salary Structures, Incentive Programs.
Job industry: Corporate governance

How much does Director Compensation make?

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


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Salary comparison to National average

Is Director Compensation a well paid job?

Yes, our data show that Director Compensation 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 Director Compensation?

High salary for Director Compensation would be somewhere between 29,569,899 ISK and 38,978,503 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Compensation 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: 26,881,726 ISK
Estimated Monthly Salary: 2,240,144 ISK
Estimated Weekly Salary: 516,956 ISK per week
Estimated Hourly Salary: 12,924 ISK per hour
By working as Director Compensation a person can save up to 12,948 USD per month or 155,379 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 Director Compensation

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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