Remove 2008 Remove Overtime Remove Paid Leave
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Labor Code in Iceland

Global People Strategist

In 2008, after having suffered a massive financial crisis, it became successful in increasing its GDP to $23 billion by 2017. Overtime work, however, is limited to 48-hours per week. The overtime pay rate per hour in Iceland is 1.0385% of the regular monthly wage. Paid Leave. Contract of Employment.