Distribution of earnings in the private sector for full-time employees by occupational group 1998-2014
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Information

Unit
Thousand ISK/perc.
Latest update
3/31/2015
Creation date
3/30/2015
Source
Statistics Iceland
Matrix
VIN02016
Footnotes

Footnotes


Employees in the private sector are all employees that do receive
remunerationfrom other employees than municipalities and the central
government.
Earnings are monthly earnings in thousand ISK.

Paid hours are weekly hours paid.

Data are based on the Icelandic Survey on Wages, Earnings and Labour Cost which is a sample survey.

Full-time employees are defined as employees whose total working hours are equal or exceed 90% of minimum working hours, e.g. 173.3 for workers.

New economic activities are added in 2005 and 2012. In 2012 the classification of economic activities changes form NACE rev.1.1 to NACE rev. 2. This is important to keep in mind when comparing data between years.
Year

1998-2004:
Data is based on NACE rev.1.1 and includes the economic activities of Manufacturing (D), Construction (F), Wholesale and retail trade; repair (G), and Transport, storage and communication (I).

2005-2011:
Data is based on NACE rev.1.1 and includes the economic activities of Manufacturing (D), Construction (F), Wholesale and retail trade; repair (G), Transport, storage and communication (I), and Financial intermediation (J).

2012- :
Preliminary numbers.
Data is based on NACE rev.2 and includes the 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 (G), Information and communication (J), and Financial and insurance activities (K).
In the economic activity J small enterprises and enterprises in the IT business are missing.
Earnings
Regular earnings
Regular earnings is 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 is the total remuneration per month including overtime and sick days.
Total earnings
Total earnings is the total remuneration per month including piecework, irregular bonuses and various other irregular payments.
Unit
Perc. under the mean
Percentage of employees receiving salaries under the mean.
Quartile 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.