Home > Salary > Iceland > Payroll Or Timekeeping Clerk
A payroll or timekeeping clerk is responsible for accurately maintaining and processing employee time records and payroll information within an organization. They ensure that employees are paid correctly and on time by tracking hours worked, overtime, vacation and sick leave, and any other relevant data. They calculate wages, deductions, and taxes, and prepare paychecks or direct deposits. Additionally, they may assist with resolving payroll discrepancies, answering employee inquiries, and maintaining payroll records.
Estimated Yearly Salary: 7,250,675 ISK
Estimated Monthly Salary: 604,223 ISK
Estimated Weekly Salary: 139,436 ISK per week
Estimated Hourly Salary: 3,486 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 50,958 USD
Estimated Monthly Salary: 4,247 USD
Estimated Weekly Salary: 980 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 7,250,675 ISK
Estimated Monthly Salary: 604,223 ISK
Estimated Weekly Salary: 139,436 ISK per week
Estimated Hourly Salary: 3,486 ISK per hour
By working as Payroll Or Timekeeping Clerk a person can save up to 1,518 USD per month or 18,212 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.
Estimated Yearly Salary for Payroll Or Timekeeping Clerk
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Inspector component parts (6,394,623 ISK per year, pre-tax.)
Assisted living director (9,015,174 ISK per year, pre-tax.)
Registered clinical dietitian (7,591,683 ISK per year, pre-tax.)
Property real estate or community association manager (11,137,696 ISK per year, pre-tax.)
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Payroll Or Timekeeping Clerk salary in Iceland
Average Yearly Salary of Payroll Or Timekeeping Clerk in Iceland is approximately 7,250,675 ISK (50,958 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 Payroll Or Timekeeping Clerk do?
A payroll or timekeeping clerk is responsible for accurately maintaining and processing employee time records and payroll information within an organization. They ensure that employees are paid correctly and on time by tracking hours worked, overtime, vacation and sick leave, and any other relevant data. They calculate wages, deductions, and taxes, and prepare paychecks or direct deposits. Additionally, they may assist with resolving payroll discrepancies, answering employee inquiries, and maintaining payroll records.
Skills: Payroll clerk, Timekeeping clerk, Payroll processing, Employee time records, Payroll calculations, Payroll management
Job industry: Human resources
Job industry: Human resources
How much does Payroll Or Timekeeping Clerk make?
Salary details
How much does Payroll Or Timekeeping Clerk make?Estimated Yearly Salary: 7,250,675 ISK
Estimated Monthly Salary: 604,223 ISK
Estimated Weekly Salary: 139,436 ISK per week
Estimated Hourly Salary: 3,486 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,018,011 ISKEstimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-05Payroll Or Timekeeping Clerk estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 50,958 USD
Estimated Monthly Salary: 4,247 USD
Estimated Weekly Salary: 980 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Payroll Or Timekeeping Clerk job salary compared to average salary in Iceland.
Comparison shows that a person working as Payroll Or Timekeeping Clerk in Iceland earns on average:
0.81 times the average salary (or 81% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Payroll Or Timekeeping Clerk job salary compared to average salary in Iceland.
Comparison shows that a person working as Payroll Or Timekeeping Clerk in Iceland earns on average:
0.81 times the average salary (or 81% of average salary).
Is Payroll Or Timekeeping Clerk a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Payroll Or Timekeeping Clerk?
High salary for Payroll Or Timekeeping Clerk would be somewhere between 7,975,743 ISK and 10,513,479 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Payroll Or Timekeeping Clerk 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: 7,250,675 ISK
Estimated Monthly Salary: 604,223 ISK
Estimated Weekly Salary: 139,436 ISK per week
Estimated Hourly Salary: 3,486 ISK per hour
By working as Payroll Or Timekeeping Clerk a person can save up to 1,518 USD per month or 18,212 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 Payroll Or Timekeeping Clerk
Norway is 70,877 USD
United Kingdom is 33,478 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Inspector component parts (6,394,623 ISK per year, pre-tax.)
Assisted living director (9,015,174 ISK per year, pre-tax.)
Registered clinical dietitian (7,591,683 ISK per year, pre-tax.)
Property real estate or community association manager (11,137,696 ISK per year, pre-tax.)
Account management specialist (8,938,632 ISK per year, pre-tax.)
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