Employee Benefits Specialist salary in Iceland

Average Yearly Salary of Employee Benefits Specialist in Iceland is approximately 10,485,632 ISK (73,301 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 Specialist do?

An employee benefits specialist is responsible for managing and administering employee benefit programs within an organization. They play a crucial role in ensuring that employees receive the benefits they are entitled to and that these benefits align with the company's overall compensation strategy. The specialist is responsible for communicating and educating employees about their benefits options, assisting with enrollment processes, and resolving any issues or concerns related to benefits. They also collaborate with insurance providers and other vendors to negotiate and secure competitive benefit packages. Additionally, they stay up to date with industry trends and regulations to ensure compliance with legal requirements. Overall, an employee benefits specialist plays a vital role in attracting and retaining talent by providing comprehensive and competitive benefits packages.

Skills: employee benefits, benefits administration, benefits communication, benefits enrollment, compensation strategy, regulatory compliance.
Job industry: Human resources

How much does Employee Benefits 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 Employee Benefits Specialist a well paid job?

Yes, our data show that Employee Benefits Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Employee Benefits Specialist?

High salary for Employee Benefits Specialist would be somewhere between 11,534,195 ISK and 15,204,166 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Employee Benefits 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: 10,485,632 ISK
Estimated Monthly Salary: 873,803 ISK
Estimated Weekly Salary: 201,647 ISK per week
Estimated Hourly Salary: 5,041 ISK per hour
By working as Employee Benefits Specialist a person can save up to 3,380 USD per month or 40,555 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 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.

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Data as of 2025

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