Recently, Iceland’s oldest business magazine, Frjáls Verslun released its annual special issue. This special issue reveals the earnings of Icelanders in various employment sectors. According to this issue the wages of managers seem to have increased on average by 13% during the last two years, and in the case of middle managers by close to 40%. This means that managers have seen, on average, an increase of 300.000 krónur ($2.600 / € 1.930), whereas in the case of middle managers the amount is 600.000 krónur ($5.200 / € 3.860).
The chairperson of SA-Business Iceland, Björgólfur Jóhannsson, has declared that the news is disappointing due to the fact that this might upset price stability plans set forth by the institute this summer. Adding to this, Þorsteinn Víglundsson, managing director at the institute, stated in an interview with the Icelandic National Broadcasting Service that it seems as if managers have recuperated the wage decreases they accepted in 2009 during the height of the recession.
Recently, Iceland’s oldest business magazine, Frjáls Verslun released its annual special issue. This special issue reveals the earnings of Icelanders in various employment sectors. According to this issue the wages of managers seem to have increased on average by 13% during the last two years, and in the case of middle managers by close to 40%. This means that managers have seen, on average, an increase of 300.000 krónur ($2.600 / € 1.930), whereas in the case of middle managers the amount is 600.000 krónur ($5.200 / € 3.860).
The chairperson of SA-Business Iceland, Björgólfur Jóhannsson, has declared that the news is disappointing due to the fact that this might upset price stability plans set forth by the institute this summer. Adding to this, Þorsteinn Víglundsson, managing director at the institute, stated in an interview with the Icelandic National Broadcasting Service that it seems as if managers have recuperated the wage decreases they accepted in 2009 during the height of the recession.
