Progress
Figure 1. The average annual income of employees at Alcoa Fjarðaál and Landsvirkjun is compared to the national average (millions ISK) (Statistics Iceland).
Updated: June 10, 2024
Source: Alcoa Fjarðaál (2024), Landsvirkjun (2022) og Hagstofa Íslands (2024).
Metrics, Targets and Monitoring Protocol
Metrics
Average salary for Alcoa and Landsvirkjun employees compared with other sources of employment in East Iceland and nationally. (Project effect: induced).
Targets
Equal to or greater than average income in other sources of employment in East Iceland.
Monitoring Protocol
The human resource division of Landsvirkjun and the financial department of Fjarðaál provide this information.
Possible countermeasures
Not applicable, monitoring only.
Changes of indicator
This indicator was originally number 6.1b. It was then named Income levels and can be found under that number in documents of the project from 2005 and 2006.
The indicator number has been changed twice.
| Year | Nr. | Indicator name |
|---|---|---|
| 2020 | 4.3.3 | Employee income |
| 2007 | 1.14b | Income Levels |
Baseline
| Iceland | Alcoa Fjarðaál | Fljótsdalsstöð |
|---|---|---|
| 5,1 | 5,9 | 7,3 |
Rationale for Indicator Selection
Average income level is a useful indicator of an area's comparative financial welfare and prosperity. The development of the Kárahnjúkar and Fjarðaál projects is likely to have an impact on per capita income levels for the area. The development will provide direct income effects to employees and their families as well as supporting indirect income effects through firms supplying goods and services and the additional employees in the region.
From phase I/II report on indicators and baseline from April 2005