Friday - 30 March 2012
Monthly regular salaries were 365 thousand ISK in the private sector in 2011
In the year 2011 employees’ mean monthly regular salaries in the private sector were 365 thousand ISK. The most common salaries were between 200-250 thousand ISK and about a quarter of the employees received regular salaries in that range. Around 60% of employees had regular salaries less than 350 thousand ISK in the year 2011. Mean monthly regular salaries for men were 393 thousand ISK and 321 thousand ISK for women.
Monthly total salaries for full-time employees were 469 thousand ISK
Mean monthly total salaries for full-time employees in the private sector were 469 thousand ISK. Half of the employees received total salaries less than 418 thousand ISK which was the median of total salaries. About 30% of employees received total salaries ranging from 300 to 400 thousand ISK. The number of paid weekly hours was 43.4.
Earnings by gender
On average, males, working full-time, received 420 thousand ISK in monthly regular salaries in the year 2011. Full-time females’ monthly regular salaries were 361 thousand ISK. The median for males was 347 thousand ISK and about 60% of females received salaries lower than the males’ median.
Salaries including overtime, that is total regular salaries, were 460 thousand ISK for males and 372 thousand ISK for females. Total salaries for full-time employees were 503 thousand ISK for males and 400 thousand ISK for females. The median for males was 447 thousand ISK and about 75% of females received salaries lower than the males’ median.
Statistics Iceland has released a new issue of the Statistical Series within the category of Wages, income and labour market. The issue; Earnings in the private sector 2011, is based on the Icelandic survey on wages, earnings and labour costs. The survey includes about 30,000 employees in the economic activities of Manufacturing, Construction, Wholesale and retail trade, Transport, and Financial intermediation. Results are calculated for main economic activities, occupations and sex and apply to the private sector.
Earnings in the private sector 2011 - Statistical Series