Hr Payroll Analyst salary in Iceland

Average Yearly Salary of Hr Payroll Analyst in Iceland is approximately 8,383,929 ISK (58,545 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 Hr Payroll Analyst do?

An HR Payroll Analyst is responsible for managing and processing employee payroll, ensuring accuracy and compliance with company policies and legal regulations. They collect and verify timekeeping information, calculate wages, deductions, and overtime, and prepare payroll reports. Additionally, they handle payroll inquiries, resolve discrepancies, and assist in payroll audits. The role requires strong analytical skills to identify and rectify errors, attention to detail to ensure accurate data entry, and a thorough understanding of payroll laws and regulations. HR Payroll Analysts must also possess excellent communication and customer service skills to address employee queries and concerns. They collaborate with HR teams to implement and update payroll policies and procedures and stay updated on changes in tax laws and labor regulations.

Skills: HR, Payroll, Analyst, Compliance, Data Analysis, Payroll Processing
Job industry: Human resources

How much does Hr Payroll Analyst make?

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


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Salary comparison to National average

Is Hr Payroll Analyst a well paid job?

Yes, our data show that Hr Payroll Analyst 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 Hr Payroll Analyst?

High salary for Hr Payroll Analyst would be somewhere between 9,222,322 ISK and 12,156,697 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Hr Payroll Analyst 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: 8,383,929 ISK
Estimated Monthly Salary: 698,661 ISK
Estimated Weekly Salary: 161,229 ISK per week
Estimated Hourly Salary: 4,031 ISK per hour
By working as Hr Payroll Analyst a person can save up to 2,150 USD per month or 25,799 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 Hr Payroll Analyst

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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