Director Compensation Benefits salary in Iceland

Average Yearly Salary of Director Compensation Benefits in Iceland is approximately 23,918,141 ISK (167,480 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 Benefits do?

The occupation of Director of Compensation Benefits involves overseeing and managing an organization's compensation and benefits programs. This role is responsible for developing and implementing strategies to attract and retain employees by offering competitive compensation packages and comprehensive benefits plans. Directors of Compensation Benefits analyze market trends, conduct salary surveys, and evaluate the effectiveness of existing programs to ensure they align with the organization's goals and industry standards. They collaborate with HR teams and senior management to design and administer performance-based incentive programs, bonuses, and equity plans. Additionally, they provide guidance on legal compliance and ensure that all compensation and benefits practices adhere to relevant regulations. The role requires strong analytical skills, knowledge of compensation and benefits principles, excellent communication and negotiation abilities, and a thorough understanding of HR policies and practices.

Skills: Director of Compensation, Compensation Benefits Manager, Compensation and Benefits Specialist, HR Compensation Analyst, Employee Benefits Director, Compensation Planning and Strategy
Job industry: Human resources

How much does Director Compensation Benefits make?

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


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Salary comparison to National average

Is Director Compensation Benefits a well paid job?

Yes, our data show that Director Compensation Benefits 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 Benefits?

High salary for Director Compensation Benefits would be somewhere between 26,309,955 ISK and 34,681,304 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Compensation Benefits 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: 23,918,141 ISK
Estimated Monthly Salary: 1,993,178 ISK
Estimated Weekly Salary: 459,964 ISK per week
Estimated Hourly Salary: 11,499 ISK per hour
By working as Director Compensation Benefits a person can save up to 11,228 USD per month or 134,734 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 Benefits

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.

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Data as of 2025

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