Casino Shift Manager Average Salary in Iceland 2024
How much money does a person working as Casino Shift Manager make in Iceland?
LOW
323,000
ISK AVERAGE
702,000
ISK HIGH
1,120,000
ISK
A person working as Casino Shift Manager in Iceland typically earns around 702,000 ISK. Salaries range from 323,000 ISK (lowest) to 1,120,000 ISK (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Casino Shift Manager salaries in Iceland vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Casino Shift Manager Pay Scale and Salaries in Iceland
Salary Structure and Pay Scale Comparison
666,000 ISK or more
584,000 to 666,000 ISK
402,000 ISK or less
402,000 to 584,000 ISK
 323,000 ISK |
671,000 ISK |
1,120,000 ISK |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Casino Shift Manager in Iceland range from 323,000 ISK (starting salary) to 1,120,000 ISK (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 671,000 ISK, half of the professionals who work as Casino Shift Manager in Iceland earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Casino Shift Manager in Iceland earn less than 541,000 ISK, while 75% earn more. Similarly, the chart shows that 75% earn less than 774,000 ISK while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Casino Shift Manager in Iceland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 402,000 ISK to 584,000 ISK. About 20% of salaries are below the 402,000 ISK mark, while 10% fall within the range of 584,000 ISK to 666,000 ISK. Only 5% of individuals have salaries exceeding 666,000 ISK.
Salary Comparison by Years of Experience / Casino Shift Manager / Iceland
How do experience and age affect pay?
| 0 - 2 Years | 367,000 ISK | |
| 2 - 5 Years | +34% | 490,000 ISK |
| 5 - 10 Years | +48% | 724,000 ISK |
| 10 - 15 Years | +22% | 883,000 ISK |
| 15 - 20 Years | +9% | 962,000 ISK |
| 20+ Years | +8% | 1,040,000 ISK |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Casino Shift Manager and this is what we found.
Employees with less than two years of experience earn approximately 367,000 ISK.
While someone with an experience level between two and five years is expected to earn 490,000 ISK, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 724,000 ISK, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 883,000 ISK, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 962,000 ISK, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 1,040,000 ISK, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Casino Shift Manager / Iceland
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Casino Shift Manager.
| High School | 418,000 ISK | |
| Certificate or Diploma | +57% | 656,000 ISK |
| Bachelor's Degree | +68% | 1,100,000 ISK |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Casino Shift Manager in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 418,000 ISK.
Level 2: Certificate or Diploma
At this level, the average salary becomes 656,000 ISK, 57% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 1,100,000 ISK, 68% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Casino Shift Manager / Iceland
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Casino Shift Manager in Iceland, the average difference between the salary of male and female employees is 5%.
| Male | 718,000 ISK | |
| Female | -4% | 686,000 ISK |
Salary Comparison By Gender in Iceland for all Careers
Average Annual Salary Increment Percentage / Casino Shift Manager / Iceland
How much are annual salary increments in Iceland for individuals working as Casino Shift Manager? How often do employees get salary raises?
Individuals working as Casino Shift Manager in Iceland are likely to observe a salary increase of approximately 6% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Iceland / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Casino Shift Manager / Iceland
How much and how often are bonuses being awarded?
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34% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 66% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 66% | |
| No Bonus | 34% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Casino Shift Manager / Iceland
4,050 ISK per hourThe average hourly wage (pay per hour) for individuals working as Casino Shift Manager in Iceland is 4,050 ISK.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Casino Shift Manager in Iceland is 1,860 ISK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Food / Hospitality / Tourism / Catering |  -100% | |
| Airbnb Property Manager | 705,000 ISK |  +0% |
| All Rounder | 250,000 ISK | -64% |
| Assistant Executive Housekeeper | 200,000 ISK | -72% |
| Assistant Food and Beverage Controller | 385,000 ISK | -45% |
| Assistant Food and Beverage Director | 862,000 ISK | +23% |
| Assistant Hospitality Manager | 902,000 ISK | +28% |
| Assistant Storekeeper | 176,000 ISK | -75% |
| Assistant Tour Manager | 420,000 ISK | -40% |
| Baker and Pastrycook | 218,000 ISK | -69% |
| Bakery Manager | 479,000 ISK | -32% |
| Bakery Superintendent | 312,000 ISK | -56% |
| Banquet Captain | 260,000 ISK | -63% |
| Banquet Manager | 331,000 ISK | -53% |
| Banquet Server | 219,000 ISK | -69% |
| Bar Attendant | 208,000 ISK | -70% |
| Bar Manager | 429,000 ISK | -39% |
| Bar Supervisor | 295,000 ISK | -58% |
| Barista | 252,000 ISK | -64% |
| Bartender | 245,000 ISK | -65% |
| Bellman | 200,000 ISK | -72% |
| Beverage Manager | 499,000 ISK | -29% |
| Bistro Attendant | 221,000 ISK | -69% |
| Buffet Chef | 374,000 ISK | -47% |
| Buffet Host | 202,000 ISK | -71% |
| Buffet Manager | 451,000 ISK | -36% |
| Butcher and Slaughterer | 169,000 ISK | -76% |
| Cafeteria Assistant | 222,000 ISK | -68% |
| Cafeteria Manager | 384,000 ISK | -45% |
| Cafeteria Supervisor | 302,000 ISK | -57% |
| Cake Decorator | 237,000 ISK | -66% |
| Casino Shift Manager | 702,000 ISK | -0% |
| Chain Store Customer Support | 340,000 ISK | -52% |
| Chef | 388,000 ISK | -45% |
| Chef De Cuisine | 561,000 ISK | -20% |
| Club Manager | 736,000 ISK | +5% |
| Cluster Director | 936,000 ISK | +33% |
| Cluster Revenue Manager | 733,000 ISK | +4% |
| Cocktail Server | 219,000 ISK | -69% |
| Coffee Shop Manager | 701,000 ISK | -0% |
| Concierge | 206,000 ISK | -71% |
| Confectionery Baker | 232,000 ISK | -67% |
| Conference and Sales Coordinator | 387,000 ISK | -45% |
| Conference Services Manager | 484,000 ISK | -31% |
| Cook | 335,000 ISK | -52% |
| Corporate Sous Chef | 570,000 ISK | -19% |
| Corporate Travel Consultant | 584,000 ISK | -17% |
| Croupier | 278,000 ISK | -60% |
| Culinary Assistant | 184,000 ISK | -74% |
| Culinary Associate | 183,000 ISK | -74% |
| Culinary Tour Guide | 494,000 ISK | -30% |
| Demi Chef | 424,000 ISK | -40% |
| Dietary Aide | 410,000 ISK | -42% |
| Dining Room Supervisor | 353,000 ISK | -50% |
| Dishwasher | 158,000 ISK | -78% |
| Duty Manager | 473,000 ISK | -33% |
| Events Coordinator | 322,000 ISK | -54% |
| Executive Chef | 448,000 ISK | -36% |
| Executive Pastry Chef | 370,000 ISK | -47% |
| Fast Food Cook | 316,000 ISK | -55% |
| Fast Food Shift Supervisor | 352,000 ISK | -50% |
| Fine Dining Cook | 557,000 ISK | -21% |
| Fine Dining Restaurant Chef | 560,000 ISK | -20% |
| Fleet Manager | 983,000 ISK | +40% |
| Food and Beverage Manager | 749,000 ISK | +7% |
| Food and Beverage Trend Analyst | 517,000 ISK | -26% |
| Food Consultant | 616,000 ISK | -12% |
| Food Photographer | 413,000 ISK | -41% |
| Food Policy Analyst | 554,000 ISK | -21% |
| Food Safety Auditor | 515,000 ISK | -27% |
| Food Safety Compliance Manager | 596,000 ISK | -15% |
| Food Safety Coordinator | 454,000 ISK | -35% |
| Food Server | 215,000 ISK | -69% |
| Food Service Director | 807,000 ISK | +15% |
| Food Service Manager | 825,000 ISK | +17% |
| Food Service Sales | 520,000 ISK | -26% |
| Food Service Worker | 201,000 ISK | -71% |
| Food Stylist | 333,000 ISK | -53% |
| Food Sustainability Consultant | 587,000 ISK | -16% |
| Front Desk Agent | 246,000 ISK | -65% |
| Front Desk Clerk | 230,000 ISK | -67% |
| Front Office Manager | 437,000 ISK | -38% |
| Gastronomy Consultant | 449,000 ISK | -36% |
| Guest Service Executive | 687,000 ISK | -2% |
| Guest Service Representative | 285,000 ISK | -59% |
| Head Chef | 489,000 ISK | -30% |
| Head Concierge | 307,000 ISK | -56% |
| Hospitality Director | 1,200,000 ISK | +71% |
| Hospitality Technology Specialist | 510,000 ISK | -27% |
| Hostess / Host | 250,000 ISK | -64% |
| Hotel Desk Clerk | 246,000 ISK | -65% |
| Hotel Maid | 171,000 ISK | -76% |
| Hotel Manager | 1,220,000 ISK | +74% |
| Hotel Revenue Manager | 720,000 ISK | +3% |
| Hotel Sales Manager | 858,000 ISK | +22% |
| Hotel Service Supervisor | 687,000 ISK | -2% |
| Hotel Staff | 221,000 ISK | -69% |
| Inventory Coordinator | 264,000 ISK | -62% |
| Kitchen Manager | 417,000 ISK | -41% |
| Kitchen Staff | 228,000 ISK | -68% |
| Kitchen Supervisor | 341,000 ISK | -51% |
| Line Cook | 381,000 ISK | -46% |
| Luggage Porter | 173,000 ISK | -75% |
| Molecular Gastronomist | 575,000 ISK | -18% |
| Motel Manager | 685,000 ISK | -2% |
| Pastry Chef | 345,000 ISK | -51% |
| Pastrycooking and Baking Assistant | 233,000 ISK | -67% |
| Personal Chef | 493,000 ISK | -30% |
| Production Operator | 331,000 ISK | -53% |
| Quality, Health and Safety Coordinator | 379,000 ISK | -46% |
| Receptionist | 238,000 ISK | -66% |
| Regional Restaurant Manager | 962,000 ISK | +37% |
| Restaurant Manager | 819,000 ISK | +17% |
| Restaurant Server | 197,000 ISK | -72% |
| Room Reservations Manager | 808,000 ISK | +15% |
| Room Service Manager | 767,000 ISK | +9% |
| Sous Chef | 429,000 ISK | -39% |
| Special Events Coordinator | 498,000 ISK | -29% |
| Supervisor of Food Services | 565,000 ISK | -20% |
| Sustainable Catering Coordinator | 492,000 ISK | -30% |
| Sustainable Tourism Consultant | 544,000 ISK | -23% |
| Tour Consultant | 567,000 ISK | -19% |
| Tour Guide | 408,000 ISK | -42% |
| Tour Manager | 510,000 ISK | -27% |
| Travel Agent | 423,000 ISK | -40% |
| Travel Consultant | 556,000 ISK | -21% |
| Virtual / Augmented Reality Tourism Specialist | 507,000 ISK | -28% |
| Waiter / Waitress | 211,000 ISK | -70% |
| Wedding Planner | 644,000 ISK | -8% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Iceland is 25% on average across all career fields.
| Private Sector | 614,000 ISK | |
| Public Sector | +25% | 765,000 ISK |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Casino Shift Manager in Iceland?
A good and competitive compensation would range anywhere between 671,000 ISK and 774,000 ISK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Casino Shift Manager in Iceland ranges from 323,000 ISK to 541,000 ISK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
