Iceland
Total cost of employment
Estimate employer charges on top of gross salary.
Total cost of employment
Estimate employer charges on top of gross salary.
Total employment cost
ISK 9,000,000 + employer charges
ISK 10,606,500
Effective employer rate: 17,9 %
Cost per period
Day rate
ISK 40,794
Week rate
ISK 203,971
Month rate
ISK 883,875
Year rate
ISK 10,606,500
Day rate uses 260 working days per year.
- Gross annual salaryISK 9,000,000
- Social security tax (tryggingagjald)6.35%ISK 571,500
- Employer pension contribution11.5%ISK 1,035,000
- Employer chargesISK 1,606,500