Lead Compensation Analyst salary in Iceland

Average Yearly Salary of Lead Compensation Analyst in Iceland is approximately 18,753,811 ISK (130,418 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 Lead Compensation Analyst do?

A lead compensation analyst is responsible for managing and overseeing the compensation programs within an organization. They are responsible for conducting market research and analysis to determine competitive salary ranges, creating and implementing compensation strategies, and ensuring compliance with legal and regulatory requirements. They collaborate with HR teams and senior management to design and administer compensation plans, including base pay, incentives, and benefits. Additionally, they analyze employee data and performance metrics to make recommendations for adjustments or improvements to the compensation structure. A lead compensation analyst also plays a key role in conducting job evaluations and benchmarking exercises to ensure internal equity and external competitiveness. Strong analytical skills, knowledge of compensation practices and regulations, attention to detail, and the ability to communicate effectively are essential for success in this role.

Skills: lead compensation analyst, compensation management, market research, compensation strategy, compliance, job evaluation
Job industry: Human resources

How much does Lead Compensation 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 Lead Compensation Analyst a well paid job?

Yes, our data show that Lead Compensation Analyst 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 Lead Compensation Analyst?

High salary for Lead Compensation Analyst would be somewhere between 20,629,192 ISK and 27,193,026 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Lead Compensation 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: 18,753,811 ISK
Estimated Monthly Salary: 1,562,818 ISK
Estimated Weekly Salary: 360,650 ISK per week
Estimated Hourly Salary: 9,016 ISK per hour
By working as Lead Compensation Analyst a person can save up to 8,139 USD per month or 97,672 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 Lead Compensation 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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