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Iceland

Last updated on 10/16/2019
View all currencies in Icelandic króna (ISK)

Minimum gross wage

317,000 ISK

Salary per category

Unskilled

317,000 to 335.588

Skilled

327.303 to 423.048

Foreman

377,000 to 504,000

Beginners / young workers

302,000 to 319.658

Daily

8 hours
Between 7:00 am to 6:00 pm

Weekly

40 hours
Info
(37 hours and 5 minutes active)

Overtime

Per day : 2 hours
Per week : 8 hours
Per month : 34.64 hours
Per trimester : 138.56 hours
Per semester : 207.84 hours

Breaks

Lunch

Between 11:30 am and 1:30 pm : 1 hour
Not part of standard working time
Not paid

Overtime

180 % of salary per hour

Evening work

180 % of salary per hour

Night work

180 % of salary per hour

Working on Saturdays

180 % of salary per hour

Working on Sundays

180 % of salary per hour

Working on public holidays

Mandatory

Shift work

30 to 60 % of salary per hour

Standby pay

30 % of salary per hour

Annual holidays allowance

24 to 30 days

Number of holidays

2 days per month
24 to 30 days per year

Public holidays

11 days per year

Additional social security insurance

4 % of salary

Additional pension funds

2 % of salary

Sickness/illness

30 days paid at a 100%
30 to 60 days : different %

Work injuries/accidents

30 days days paid at a 100%
30 to 60 days : different %

Info Contacts

RAFIÐNAÐARSAMBAND ÍSLANDS

STÓRHÖFÐA 31
110 REYKJAVÍK
T. +354 5400100

Samiðn - Samband iðnfélaga

Borgartúni 30
105 Reykjavík
T. +354 535-6000

STARFSGREINASAMBAND ÍSLANDS

GUÐRÚNARTÚNI 1
105 REYKJAVÍK
T. +354 562 6410