Wide Gap Revealed in Iceland’s Hourly Wage Costs

New figures released by Statistics Iceland show that employers paid an average of 8,653 krónur per hour in 2024, once all labour-related expenses were included. The data reflects the full cost of employment, incorporating wages alongside social security and pension contributions, as well as holiday entitlements, sick pay, and payments to trade union funds. What’s… The post Wide Gap Revealed in Iceland’s Hourly Wage Costs appeared first on Iceland Review.

By Irina Shtreis