Employee Benefits Manager salary in Iceland

Average Yearly Salary of Employee Benefits Manager in Iceland is approximately 13,213,430 ISK (92,365 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 Employee Benefits Manager do?

An employee benefits manager is responsible for overseeing and managing the employee benefits programs within an organization. They play a crucial role in ensuring that employees receive competitive and comprehensive benefits packages, including health insurance, retirement plans, paid time off, and other perks. Their primary responsibilities include designing and implementing benefits programs, negotiating contracts with benefit providers, analyzing employee needs and preferences, communicating benefits information to employees, and ensuring compliance with relevant laws and regulations. Employee benefits managers also play a key role in resolving employee inquiries or concerns related to benefits and may collaborate with HR teams to develop and administer employee wellness initiatives. In summary, this occupation involves strategic planning, data analysis, contract negotiation, communication, and compliance management.

Skills: Employee benefits manager, Benefits program design, Contract negotiation, Compliance management, Employee wellness initiatives, Strategic planning
Job industry: Human resources

How much does Employee Benefits Manager make?

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


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Salary comparison to National average

Is Employee Benefits Manager a well paid job?

Yes, our data shows that Employee Benefits Manager 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 Employee Benefits Manager?

High salary for Employee Benefits Manager would be somewhere between 14,534,773 ISK and 19,159,474 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Employee Benefits Manager 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: 13,213,430 ISK
Estimated Monthly Salary: 1,101,119 ISK
Estimated Weekly Salary: 254,104 ISK per week
Estimated Hourly Salary: 6,353 ISK per hour
By working as Employee Benefits Manager a person can save up to 4,968 USD per month or 59,619 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 Employee Benefits Manager

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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