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Iceland (IS)

Employment

There are 500 employees in agriculture in Iceland who are usually employed for 8 months.

tableInternational Comparison of Employment

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Wages and Labour Costs

There is a national collective agreement for the industry. The hourly wage is € 7.00. All collective agreements are generally binding.

Contributions to welfare insurance amount to 13.0 %. The work and safety fund receives 1.0 %, the pension fund 4.0 % from the employee's wage and 8.0 % from the employer.

The income tax level is 30-32 % of the gross wage.

tableInternational Comparison of Wages and Labour Costs

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Working Time

A week has 40 working hours in Iceland. Usually people work 50 hours. More than 14 hours per day are forbidden.

tableInternational Comparison of Working Time

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Leave and Paid Holidays

The minimum holiday is 24 working days. Holiday payment is 10.17 % (on the basis of the monthly wage). Outside the summer season a 25 % bonus is paid, and in winter 5 weeks of holidays are allowed. Between May and September 4 weeks of holidays must be allowed.

After 5 years of work in one company the worker is entitled to 25 working days and to 10.64 % of holiday payment. After 10 years workers are allowed 28 working days and 12.07 % of bonus payment.

tableInternational Comparison of Leave and Paid Holidays

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Social Insurance

There is a state pension insurance system. Health insurance is based on a private scheme. The collective agreements rule that the companies have to insure their workers.

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Occupational Health and Safety

In companies with more than 5 people there is an ombudsman for health and safety at work. Persons handling hazardous substances need special qualification.

tableInternational Comparison of Occupational Health and Safety

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Trade Union Influence

500 workers, and all of them union members, i. e. 100 % unionisation.

There are only 15-20 large companies with employees. 1,000 seasonal workers are also organised (because of welfare).

tableInternational Comparison of Trade Union Influence

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Minimum Standards

There is no statutory minimum wage.

tableInternational Comparison of Minimum Standards

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Trade Union Participation

Due to the small company size the are no works councils. The trade union can participate in EU programmes, such as Leonardo, but there is no partnership under EU corporatism.

tableInternational Comparison of Trade Union Participation

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