Earnings for full-time employees by occupation and sex 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
3/27/2015
Source
Statistics Iceland
Matrix
VIN02005
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 30 employees in 3 legal units are required in order to publish data on sub-groups.
Occupation
Occupational groups follow the Ístarf95 classification (based on ISCO-88). In addition there is an Icelandic addition of a 5th digit to distinguish general employees (0), general foremen (1), skilled craft workers (2) and skilled foremen (3).
Occupation
Shop salespersons - general employees
Employees in occupations 5221 and 5224, in economic activity 47111 and a 5th digit 0.
Shop salespersons - foremen
Employees in occupations 5221 and 5224, in economic activity 47111 and a 5th digit 1.
Fish industry workers - general employees
Employees in occupations 7419, 8279, 9321, 9322 and 9330 in economic activities 10201, 10202, 10203, 10204 and 10209 and a5th digit 0.
Craft workers
Employees in occupational groups 7, 8 and 9 and having 5th digit 2 and 3.
General, machine and specialized workers
Employees belonging to occupational groups 7, 8 and 9 and having the 5th digit 0 and 1.
General, machine and specialized workers - foremen
Employees belonging to occupational groups 7, 8 and 9 and having the 5th digit 1.
General, machine and specialized workers - skilled craft foremen
Employees belonging to occupational groups 7, 8 and 9 and having the 5th digit 3.
Earnings
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 earnings
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).