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Iceland

Last updated on 10/8/2024
View all currencies in Icelandic króna (ISK)

Minimum gross wage

438,483 ISK

Salary per category

Unskilled

438,483 to 458,501

Skilled

508,763 to 606,458

Foreman

585,077 to 697,427

Beginners / young workers

395,520 to 421,641

Daily

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

Weekly

36 to 40 hours

Breaks

Lunch

Between 11:30 am and 1:30 pm : 0.5 to 1 hours
Not part of standard working time
Not paid

Overtime

156 % to 179 % of salary per hour

Evening work

156 % of salary per hour

Night work

179 % of salary per hour

Working on Saturdays

156 % of salary per hour

Working on Sundays

156 % of salary per hour

Working on public holidays

156 % to 215 % of salary per hour

Standby pay

25 % to 60 % of salary per hour

Annual holidays allowance

24 to 30 days

Number of holidays

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 : 100 %
30 to 60 days : %

Work injuries/accidents

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

Info Contacts

RAFIÐNAÐARSAMBAND ÍSLANDS

STÓRHÖFÐA 31
110 REYKJAVÍK
Tel. +354 5400100

Samiðn - Samband iðnfélaga

STÓRHÖFÐA 31
110 REYKJAVÍK
Tel. +354 5400100

STARFSGREINASAMBAND ÍSLANDS

GUÐRÚNARTÚNI 1
105 REYKJAVÍK
Tel. +354 562 6410