Sr. Payroll Manager salary in Iceland

Average Yearly Salary of Sr. Payroll Manager in Iceland is approximately 18,871,013 ISK (131,444 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 Sr. Payroll Manager do?

A Senior Payroll Manager is responsible for overseeing and managing all aspects of payroll operations within an organization. They ensure accurate and timely processing of employee salaries, benefits, deductions, and taxes. This role involves supervising a team of payroll professionals, developing and implementing payroll policies and procedures, and staying updated on relevant laws and regulations. The Senior Payroll Manager collaborates with HR and finance departments to ensure seamless integration of payroll data and resolve any discrepancies. They also analyze payroll reports, maintain payroll records, and respond to employee inquiries regarding pay and deductions. Strong attention to detail, excellent organizational skills, and proficiency in payroll software are essential for this position.

Skills: Senior Payroll Manager, Payroll Operations, Payroll Processing, Payroll Policies, Payroll Compliance, Payroll Administration
Job industry: Finance

How much does Sr. Payroll Manager 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 Sr. Payroll Manager a well paid job?

Yes, our data show that Sr. Payroll Manager 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 Sr. Payroll Manager?

High salary for Sr. Payroll Manager would be somewhere between 20,758,114 ISK and 27,362,969 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Sr. Payroll Manager 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: 18,871,013 ISK
Estimated Monthly Salary: 1,572,584 ISK
Estimated Weekly Salary: 362,904 ISK per week
Estimated Hourly Salary: 9,073 ISK per hour
By working as Sr. Payroll Manager a person can save up to 8,225 USD per month or 98,698 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 Sr. Payroll Manager

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:
Environmental lawyer (12,547,535 ISK per year, pre-tax.)
Deputy clerk (6,359,276 ISK per year, pre-tax.)
Labor organizer (8,788,738 ISK per year, pre-tax.)
Marketing specialist (7,354,512 ISK per year, pre-tax.)
Patient access director (14,051,105 ISK per year, pre-tax.)

Feedback about these results