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Best Recruitment Agencies in Iceland
Find top recruitment and staffing agencies in Iceland. Whether you're looking for specialized talent or general hiring support, explore experienced recruitment firms that understand the local market and can help you build the perfect team.
Agency | Specialization | Country | Employees |
|---|---|---|---|
Software Development +3 more | |||
Coaching and Athletic Training +4 more | |||
Iceland's
Economic indicators
105
World ranked
Iceland ranks 105 in the world by current economic output
$31bn
Nominal GDP (US$)
GDP reflects the overall size and economic strength of the country's economy.
62
EMEA ranked
Iceland is ranked 62 in EMEA by economic output in the region
GDP growth (%)
GDP growth explained
The chart compares how GDP has grown for Iceland, its region, and the world over the last seven years. Positive growth indicates an expanding economy; negative growth may signal contraction and affect hiring activity.
5.6%
Current rate
▼ 3.1% reduction
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability and hiring strategies.
Iceland's inflation rate
6 months
Maternity leave
6 months paid maternity/paternity leave, transferable between parents, 80% salary covered up to ISK 600k. Optional 3 months unpaid. Up to 13 weeks unpaid parental leave for child care.
24 days
Sick leave
Employees get 2 days of sick leave monthly (24/year), with the first 2 days fully paid by the employer. Subsequent sick leave terms are determined by the employee's chosen Trade Union.
Cost of living
Cost of living index explained
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations for both employers and candidates.
Iceland's
Labor market
Iceland vs world population age distribution
376k
Population
Iceland has a population of about 376k. The chart compares its age distribution with the world average—useful context for workforce size and long-term hiring demand.
16 days
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) may require emphasizing work-life balance when recruiting.
33 hrs
Average working full time week
Standard work hours are 8 hours/day, 40/week. Overtime is paid beyond these hours: 0.875% of the hourly rate for office, 1.0385% for home workers, up to 162.5 hours/month. Managers in Iceland are exempt from mandatory overtime pay.
3.6%
Current percentage
▼ 0.2% reduction
Iceland's unemployment rate is healthy, indicating a well functioning labor market with good job opportunities for most people. Between 2022 and 2023, there was a small decrease in unemployment, suggesting continued economic stability with a slight improvement in job availability
Unemployment rate
Iceland's
Top performing companies and industries
Top industries
- tourism
- aluminum smelting
- fish processing
Ratio of males to females (by age)
79 / 70
Male
[ "In Iceland there is a low gap in participation rates between males and females, indicating a relatively balanced workforce particpation often reflective of strong gender equality policies or cultural norms supportive of equal gender parity." ]
Iceland's
Religion and ethnicity
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In homogeneous environments, understanding dominant cultural norms is often more important when engaging with talent.