Compensation Specialist

8.665.715 ISK (ISK)/yr

4.166,21 ISK (ISK)/hr

344.029 ISK (ISK)/yr

The average compensation specialist gross salary in Iceland is 8.665.715 ISK or an equivalent hourly rate of 4.166 ISK. In addition, they earn an average bonus of 344.029 ISK. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Iceland. An entry level compensation specialist (1-3 years of experience) earns an average salary of 6.151.965 ISK. On the other end, a senior level compensation specialist (8+ years of experience) earns an average salary of 10.765.938 ISK.

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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11.080.975 ISK (ISK)

28 %

Based on our compensation data, the estimated salary potential for Compensation Specialist will increase 28 % over 5 years.

This chart displays the highest level of education for:
Compensation Specialist, the majority at 100% with associates.

Typical Field of Study: Human Resources Management/Personnel Administration

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Iceland

Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

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Iceland (Icelandic: Ísland, pronounced [ˈistlant] ) is a Nordic island country between the North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is linked culturally and politically with Europe and is the region's most sparsely populated country. Its capital and largest city is Reykjavík, which is home to about 36% of the country's roughly 380,000 residents. The official language of the country is Icelandic. Located on a rift between tectonic plates, Iceland...

Sourced from Wikipedia
Collaborates with management and Human Resources Consultants in personnel-related planning and decision-making, including the analysis and review of job classification and reclassification requests. Implements quality controls in the job classification process for existing and newly created positions, and evaluates jobs as appropriate. Provides professional guidance, advice, coordination, training, and support in the effective and consistent application of compensation programs, management... principles, guidelines, procedures, and best practices. Aids in the planning, development, coordination, facilitation, administration, and reporting of the annual salary review program for employees and in the implementation of compensation programs and policies. Read More

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Disclaimer

This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.

Professionals should subscribe to SalaryExpert’s Assessor Platform.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

Do you work in HR or Compensation?
Try our professional compensation software to generate detailed salary and cost of living reports.
Try a Free Demoarrow_right

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