Wage matters

Collective agreements

Collective agreement between Félags Lykilmanna (FLM) and the Confederation of Icelandic Enterprises (Samtök atvinnulífsins / SA)

Below you can find the collective agreement between FLM and FA. The agreement dates from September 2018 and is ongoing.

Collective agreement FLM & FA

FLM Model Wage Agreement

FLM’s collective agreements with the SA and the FA have replaced the FLM’s Model Wage Agreement. The FLM model wage agreement from January 1, 2014, only applies if referred to in older employment contracts.

FLM’s Model Wage Agreement

Holiday and December bonus

The holiday bonus is fixed at 56.000 ISK for the year 2023 for a full-time job. Taxes, membership fees, payment to the pension fund and other relevant payments will be subtracted. Holidays are not paid on top of the holiday bonus.

The December bonus is fixed at 103.000 ISK for the year 2023 for a full-time job. Taxes, membership fees, payment to the pension fund and other relevant payments will be subtracted. Holidays are not paid on top of the holiday bonus.

FLM's wage range

Statement claim due to employer’s bankruptcy

Members can contact FLM for assistance with proof of claim due to their employer’s bankruptcy. If requested, FLM will send claims to the bankrupted estate and to the Wages Guarantee Fund (Ábyrgðarsjóður launa). This can be requested by contacting the compensation department at kjarasvid@flm.is with the following information:

• Member’s name and Icelandic ID number (kennitala), job title, cell phone number and email address.
• Employer’s name and ID number (kennitala), and when the member concerned started working there.
• A copy of the employment contract, the last six payslips and other relevant information to the calculation of the claim, e.g. unused holiday days or other benefits not specified in the employment contract.
• Whether the member was on the company’s board, a shareholder, or manager.
• Whether the member is close to the company’s representatives.

Due to FLM’s low membership fee, it should be noted that each member can only receive three hours of work by a lawyer per membership year. If further support is requested, it must be submitted to FLM’s board.

Disputes with employers

Members can contact FLM regarding issues related to disputes with their employer.

If that is the case, please contact kjarasvid@flm.is with a detailed description of the situation and circumstances.

Due to FLM’s low membership fee, it should be noted that each member can only receive three hours of work by an expert per membership year. If further support is requested, it must be submitted to FLM’s board.