Manager Compensation Benefits salary in Iceland

Average Yearly Salary of Manager Compensation Benefits in Iceland is approximately 16,975,182 ISK (118,850 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 Manager Compensation Benefits do?

The occupation of a Manager Compensation Benefits involves overseeing and managing the compensation and benefits programs within an organization. This role is responsible for designing, implementing, and administering various employee compensation plans, including salaries, bonuses, incentives, and stock options. They also handle employee benefits programs such as health insurance, retirement plans, and other perks. The Manager Compensation Benefits conducts research and analysis to ensure that the organization's compensation packages are competitive and aligned with industry standards. They collaborate with HR teams to develop and update policies and procedures related to compensation and benefits. Additionally, they provide guidance and support to employees regarding their compensation and benefits inquiries and concerns. This role requires strong analytical skills, knowledge of labor laws and regulations, and excellent communication and negotiation abilities.

Skills: Manager Compensation, Benefits Administration, Employee Compensation, Benefits Programs, HR Management, Compensation Analysis
Job industry: Human resources

How much does Manager 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 Manager Compensation Benefits a well paid job?

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

High salary for Manager Compensation Benefits would be somewhere between 18,672,700 ISK and 24,614,014 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Manager 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: 16,975,182 ISK
Estimated Monthly Salary: 1,414,599 ISK
Estimated Weekly Salary: 326,446 ISK per week
Estimated Hourly Salary: 8,161 ISK per hour
By working as Manager Compensation Benefits a person can save up to 7,175 USD per month or 86,104 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 Manager 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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