At year-end 2018, there were 181 employees at the Bank - 92 men and 89 women. The ratio of university-educated employees was 86% at the end of the year. Six departmental directors were male and six were female, and 14 deputy directors and managers were male while nine were female.
Vacancies are advertised on Starfatorg and the Bank‘s recruitment website. General applications can also be submitted through the Bank‘s recruitment website.
Equal Pay Policy
The Central Bank of Iceland has received formal equal pay certification in recognition of its wage structure, which fulfils the requirements of the equal pay certification standard ÍST 85:2012. The formal assessment of the Bank’s equal pay system was concluded in December 2018. The assessment was carried out by BSI Iceland, an accredited representative of the British Standards Institution. Two assessments were carried out in order to determine whether all of the requirements of the ÍST 85:2012 standard were satisfied in the Bank’s equal pay system. The Bank passed both assessments without reservations and has now received formal equal pay certification. The Bank stresses offering its employees competitive wages and terms of employment. Central Bank employees’ wages should reflect the demands made of them as regards knowledge, qualifications, and responsibility in carrying out their work. Factors such as education, professional experience, specialised knowledge, supervision of others, and responsibility affect employees’ wages. Work performance also has an impact, with particular emphasis on professional work habits, communication skills, management capabilities, and the ability to adopt new work habits and knowledge.