Distribution of earnings for full-time employees in the private and the public sector by occupational group 2014-2016
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Information

Unit
Thousand ISK
Latest update
10/2/2017
Next update
10/2/2017
Survey
Icelandic Survey on Wages, Earnings and Labour Cost that is a sample survey
Creation date
10/14/2016
Source
Statistics Iceland
Matrix
VIN02002
Footnotes

Footnotes

Earnings are the remuneration an employee gets from the employer in exchange for labour or services.
Preliminary numbers.
Earnings are monthly earnings in thousand ISK.
Paid hours are monthly hours paid.
Data are based on the Icelandic Survey on Wages, Earnings and Labour Cost which is a sample survey.
Data are based on the following economic activities: Manufacturing (C), Electricity, gas, steam, and air conditioning supply (D), Water supply; sewerage, waste management and remediation activities (E), Construction (F), Wholesale and retail trade; repair of motor vehicles (G), Transportation and storage (H), Information and communication (J), Financial and insurance activities (K), Public administration and defence; compulsory social security (O), Education (P), and Human health and social work activities (Q).
In the economic activity J small enterprises and enterprises in the IT business are missing.
Only employees in the public sector are covered in the economic activities O, P, Q. In O employees in the public market are about 95% of the population, in P about 90% and 80% in Q. Thus, the weight of employees in the public market in the total is about 50% instead of 40%, this is corrected by using weights.
Full-time employees are defined as employees whose total daytime hours are equal or exceed 90% of contractual working hours, e.g. 173.3 for workers.
A minimum of 50 employees in 3 legal units are required in order to publish data on sub-groups.
Sector
Employees in the public sector receive remuneration directly from either local government or the central government. Other employees belong to the private sector.
Occupational group
Occupational groups follow the Ístarf95 classification (based on ISCO-88). In addition there are two occupational groups: Craft workers, defined as those belonging to occupational groups 7, 8 and 9 and having 5th digit (Icelandic addition) 2 and 3 (skilled craft workers and skilled foremen); general, machine and specialized workers, defined as those belonging to occupational groups 7, 8 and 9 and having the 5th digit 0 and 1 (general workers, and foremen).
Unit
The values show the division between percentiles, e.g. 50% of employees has lower earnings then the value in the 50% column.
Earnings and working hours
Basic earnings
Basic earnings are the remuneration for regular daytime working hours without any supplements.
Regular earnings
Regular earnings are the remuneration for regular working hours that is ordinary working hours according to collective agreements, both daytime and shift-work hours.
Total regular earnings
Total regular earnings are the total remuneration per month including overtime.
Total earning
Total earnings are the total remuneration per month including piece work, irregular bonuses and various other irregular payments, excluding payments in kind.
Hours paid
Hours paid are monthly working hours for full-time employees, whether being daytime, shift-work, piece work or overtime hours. To obtain weekly hours the hours paid is divided by (52/12).
Unit
Decile share ratio
The decile share ratio is the ratio between the total sums of earnings by employees in the 10th decile divided by the total sum of earnings by employees in the 1st decile.
Qartile share ratio
The quartile share ratio is the ratio between the total sum of earnings by employees in the fourth quartile divided by the total sum of earnings by employees in the first quartile.
Perc. under the mean
Percentage of employees receiving salaries under the mean.