Senior Benefits Analyst salary in Iceland

Average Yearly Salary of Senior Benefits Analyst in Iceland is approximately 14,217,424 ISK (99,231 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 Senior Benefits Analyst do?

A senior benefits analyst is responsible for managing and administering employee benefit programs within an organization. They analyze, evaluate, and design benefit plans, ensuring compliance with legal requirements and company policies. They collaborate with HR teams to develop strategies that attract and retain employees, while also controlling costs. Senior benefits analysts conduct market research to benchmark benefit programs against industry standards, ensuring competitiveness and effectiveness. They provide guidance and support to employees regarding benefit options, enrollment, and claims processes. Additionally, they analyze data and generate reports to monitor program utilization and make recommendations for improvements. This role requires strong analytical skills, knowledge of benefit regulations, and the ability to communicate effectively with both employees and management.

Skills: senior benefits analyst, employee benefits, benefit programs, compliance, cost control, market research
Job industry: Human resources

How much does Senior Benefits Analyst make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Senior Benefits Analyst a well paid job?

Yes, our data shows that Senior Benefits Analyst 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 Senior Benefits Analyst?

High salary for Senior Benefits Analyst would be somewhere between 15,639,166 ISK and 20,615,265 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Benefits 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: 14,217,424 ISK
Estimated Monthly Salary: 1,184,785 ISK
Estimated Weekly Salary: 273,412 ISK per week
Estimated Hourly Salary: 6,835 ISK per hour
By working as Senior Benefits Analyst a person can save up to 5,540 USD per month or 66,485 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 Senior Benefits 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

Random salary:
Telemetry technician (4,922,380 ISK per year, pre-tax.)
Office supply delivery driver (6,060,314 ISK per year, pre-tax.)
Deli manager (5,190,926 ISK per year, pre-tax.)
Mep engineer (11,484,187 ISK per year, pre-tax.)
Financial services manager (10,829,210 ISK per year, pre-tax.)

Feedback about these results