Compandben has its own entity in Iceland and can directly employ staff on behalf of clients. Our partner in Iceland running the payrolls, developing employment contracts, and advising us on the laws and practices in Iceland is a Reykjavík based firm founded in January 2013 and has 6 employees.
The EMPLOYER social charges including pension in Iceland is presently 14,4% of gross salary, and the EMPLOYEE pays 4%.
Vacation is accrued at 2 days per month and there are normally 16 days of public holiday.
Notice period in Iceland varies very much between industries section, from 1 month up to 3 months: after 5 years this rises to up to five months.