 When Iceland joined the EU in 1994, it was able to diversify its economy){kind=link}
December 10th, 2023 at 03:50 am
Warehouse Jobs in Iceland with Visa Sponsorship ($25 – $30 an hour)
When Iceland joined the EU in 1994, it was able to diversify its economy, which gave expats more job possibilities. Although Iceland was particularly hard-hit by the 2008 financial crisis, things appear to be improving.
The Economy of Iceland
The economy of Iceland is based on the model used in Scandinavia, which has a free market economy and a large welfare state. Most of the money made from exports goes to the fishing business, which also employs about 5% of the workforce and makes up more than 12% of GDP.
Before the financial crisis of 2008, Iceland was a good place for expats to live because unemployment was low, the economy was growing quickly, and incomes were shared fairly. Amid the crisis, the Icelandic Krona lost value, and the government made the controversial choice to let the three biggest banks in the country fail. Iceland, on the other hand, has made an amazing recovery after getting loans to keep its economy stable and rebuilding itself in many ways. It’s going to be 2.4% in 2021, which is pretty much the same rate as before the crisis.
The economy is no longer just based on fishing; it has become more diverse, bringing companies that work with biotechnology and make software. Also, tourism is important. In 2021, about 4.5 times as many tourists came to Iceland as lived there. Because of its location, the country has a lot of hydropower and geothermal resources. These have brought in foreign investment, which has helped the economy grow.
Seeking a Job in Iceland
Expats who want to work in Iceland will need perseverance, patience, and possibly necessary certifications. It is essential to begin your job hunt before packing your bags; sites like EURES, for example, allow you to search for opportunities while also learning about the nation.
For expats, employment agencies (ráningarjónustur) are frequently the best solution. These services are frequently free for job seekers and can assist ex-pats with specific expertise in finding their dream job. Registering with one or more agencies is a smart idea. You might also browse in the classifieds section of local newspapers like Morgunblai or Fréttablai; both newspapers have a specific employment section on Sundays; however, all job listings are in Icelandic.
Your local trade union (stéttarfélag) may also be able to assist. They are frequently up-to-date on current job openings in your industry. If all else fails, contacting a corporation with a speculative application is not a bad idea.
Job Opportunities in Iceland For Foreigners
1. Warehouse Associate/Forklift Operator
Responsibilities
- Ability to lift up to 70 pounds
- Use a variety of Material Handling Equipment (MHE) such as pallet movers, stand-up forklifts, high-lift reach trucks, and order pickers up to 28 feet in height.
- Use radio frequency (RF) scanners to do warehouse tasks electronically.
- Performs all jobs with high accuracy and minimal supervision, utilizing preset job processes.
- All warehouse activities, including outgoing, inbound, and inventory control, are performed using a computer-based warehouse management system (WMS).
- Maintain transaction accuracy as well as safety and quality compliance.
- The legal right to work in the United States.
- Completing a background check successfully
2. Dockworker
Responsibilities
- Following state and federal DOT requirements, load and unload freight on trailers utilizing a forklift, pallet jack, or manually.
- Read and decipher shipping labels
- As needed, hand load, rewrap, or stack freight.
- Use the specified and appropriate dunnage to secure the freight inside the trailer.
- Other responsibilities, as assigned
3. Material Handler
- Work autonomously as a Material Handler to compile and ship orders.
- Advance your warehouse career by taking on increasingly independent and advanced roles.
- Help Uline’s overnight and overnight inbound warehousing operations.
- Quickly and correctly receive, check in, and store overnight / night stock.
- As a Material Handler, replenish midnight or night pickup locations and unload trailers.
- Obtain certification on a variety of industrial equipment, such as a forklift.
Click Here for More Job Opportunities in Iceland
Iceland Visa Requirements
Expats who are not nationals of the EU or EEA and wish to work in Iceland must apply for a work and residency permit. The majority of expats should submit a permit application based on the professional qualifications they possess. To be eligible for this visa, you will need to demonstrate both specialized skills and a commitment to long-term employment. You will be eligible to apply for a D-visa if this permit is granted to you.
If you are merely looking for something temporary, the labour shortage presents the perfect opportunity. You are required to check that the profession in which you are interested is currently suffering from a shortage of workers before applying for this permission. If such is the case, this authorization will allow you to remain in Iceland for a predetermined amount of time. If you would like additional information on the visa requirements for Iceland, please check out our article on Moving to Iceland.
Iceland’s taxation system
Expats working in Iceland must pay the same taxes as Icelanders. Taxes are withheld from your pay automatically. Iceland’s income and municipal taxes are determined on the following levels as of 2021:
- 36.94% for monthly earnings of ISK 0-834,707
- 46.24% if your monthly income exceeds ISK 834,708
Anyone over the age of 16 can apply for a tax card, which provides taxpayers with a personal tax allowance. You must provide your tax card to your employer before receiving your first paycheck. You may profit from a double taxation arrangement between Iceland and your home country as a foreign citizen. To qualify for these tax breaks, you must be subject to full tax liability in your home country. More information on taxation in Iceland can be found at RSK Rkisskattstjóri.
Icelandic Business Etiquette
The encouraging news is that English is one of the languages most commonly used in the business sector. It is essential to give a firm handshake to each other at the beginning and end of meetings. Because of the relatively flat nature of hierarchies in Iceland, you should treat all of your business partners in the same manner, regardless of their respective professional standings. In Icelandic culture, exactitude and honesty are highly respected, and Icelanders have a reputation for cutting to the chase during conversations.
When attending professional gatherings, it is of the utmost importance to get there either exactly on time or even a few minutes early. This is a question of basic etiquette and should not be ignored. As soon as you realize you are going to be late to let your other business partners know, do not hesitate to give them a call. When giving a presentation, it is of the utmost significance to use information that is relevant, supportive, and gets right to the point throughout the presentation. Your business partners in Iceland have come to expect that you will provide information that is accurate and truthful; as a result, you should refrain from embellishing the truth about anything.
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