Product Developer Hiring Trends in Reykjavik, Iceland

This report was last updated on Sep 6, 2025

Bence Gedai

Founder

I analyze live hiring data and tech job trends across Europe to give CTOs and Product Leaders a strategic edge. By tracking tens of thousands of open roles each week, I uncover which skills, roles, and locations are in highest demand — potential competitors, typical time to hire, talent pool sizes, and more to help you prioritize hiring, benchmark and stay competitive in a fast-moving market.

Key learnings from this report

The Product Engineers job market in Iceland, particularly in Reykjavik, is experiencing a modest growth rate, with an average of 3.5 new positions opened weekly against 3.1 closures, leading to a net gain of only 0.4 positions weekly.
A significant 55% of job openings are for mid-senior level roles, highlighting a strong demand for experienced Product Engineers, while entry-level and director-level roles represent 19% and 9% respectively.
Reykjavik remains the dominant city for Product Engineer job opportunities, with 98 listings accounting for 67% of the total market, followed by Kópavogur, Akureyri, and the Capital Region with significantly fewer positions.
The competitive landscape indicates hiring may be more challenging in Iceland due to a unique imbalance in the jobs-to-talent ratio, prompting CTOs to adapt their recruitment strategies to effectively attract top talent.
The median time to hire for Product Engineers in Reykjavik stands at 33 days, with 34% of candidates being secured within 30 days, indicating the importance of proactive recruitment approaches to mitigate delays and avoid losing top talent.

Number of roles opened and closed for Product Engineers in Reykjavik in the last 3 months

The Product Engineer job market in Iceland, specifically in Reykjavik, has exhibited notable fluctuations over the last 12 weeks. An average of 3.5 new positions were opened weekly, with a peak of 7 jobs posted in week 29. However, the closing rate has been significant, with an average of approximately 3.1 positions closed per week, culminating in a net gain of only 0.4 positions weekly. This represents a lower growth rate compared to other European cities where Product Engineering roles are experiencing more stable openings, suggesting that hiring managers in Reykjavik may need to enhance their recruitment strategies to attract and retain talent amidst a competitive landscape.

Who else is hiring for product Engineers in Iceland:

Company name	Country	Industry	Founded	# Job openings
Alvotech	Iceland	Research	2013	7
CCP Games	Iceland	Computer Games	1997	3
Appen	United States	Information Technology & Services	1996	3
Stolt-Nielsen Limited	null	Logistics & Supply Chain	1959	2
TELUS Digital	Canada	Information Technology & Services	2005	2
Marriott International	Italy	Hospitality	1927	2
Artesa	null	null	null	2
GT Ecom	Netherlands	Retail	2018	1
Nordic Luxury	Iceland	Leisure, Travel & Tourism	2013	1
Kerecis	Iceland	Medical Devices	2011	1

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Talent pool vs job openings for Product Engineers in Iceland

How competitive it is to hire Product Engineers in Iceland

The job market for Product Engineers in Iceland, particularly in Reykjavik, presents a unique opportunity for hiring managers. With a growing number of job openings compared to the available talent pool, the ratio of jobs to talent in Iceland indicates a competitive environment. In contrast, countries like Germany, the United Kingdom, and Sweden are witnessing a higher availability of qualified Product Engineers, making talent acquisition somewhat easier there. However, the lower ratio in Iceland suggests that hiring Product Engineers may be more challenging than in these larger markets. Therefore, recruitment strategies for CTOs in Iceland should focus on attracting and retaining talent by emphasizing the unique benefits of the local tech sector.

Seniority distribution of Product Engineer job openings in Reykjavik

Seniority Distribution of Product Engineering Jobs in Reykjavik

The seniority distribution for Product Engineering jobs in Iceland's Reykjavik reveals notable trends that hiring managers should consider. Mid-Senior level positions constitute 55% of the job market, indicating a strong demand for experienced professionals. Entry-level roles account for 19%, while Director-level positions represent 9%. Understanding this distribution can aid CTOs and Engineering Managers in devising effective recruitment strategies tailored to the local market.

Preferred employment type for Engineering roles in Iceland

The employment type distribution for engineering roles in Iceland highlights a significant preference for full-time positions, which account for 79% of the job market. Meanwhile, part-time roles represent 21%, followed by contract opportunities comprising 7%. This data underscores the strong demand for stability and commitment in the hiring landscape, crucial for those overseeing product teams in Reykjavik.

Time to Hire Distribution for Product in Iceland

How long does it take to hire Product Engineers

The time to hire for Product Engineer roles in Iceland, specifically in Reykjavik, exhibits notable patterns that are crucial for hiring managers. A significant portion of candidates, approximately 34%, are secured within a timeframe of 30 days, indicating a relatively swift recruitment process in the tech sector. Meanwhile, there is a gradual decline in hiring efficiency with only 5% taking up to 20 days and fewer candidates, about 5% or less, being hired beyond 45 days. This distribution highlights the necessity for proactive recruitment strategies to tap into the emerging demand for Product Engineers in Iceland, as delays beyond this timeframe could result in losing top talent to more agile competitors.

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Most popular cities in Iceland to hire Product Engineers

Top 5 cities in Iceland to hire Product Engineers

In analyzing the location distribution for Product Engineers job openings in Iceland, Reykjavík stands out significantly with 98 job listings, representing 67% of the total. Following Reykjavík, Kópavogur offers 8 job opportunities, accounting for 5% of the dataset. Akureyri and the Capital Region have even fewer listings, with 7 and 4 positions respectively, demonstrating the strong concentration of Product Engineer roles in Reykjavík compared to other areas in Iceland.

Most sought after technologies in Reykjavik for Product

Key technologies for Product Engineers

In the evolving landscape of the Product Engineer job market in Iceland, particularly in Reykjavik, several key technologies have emerged as foundational to successful roles. Notably, 'Agile' methodologies are pivotal, with a frequency of 7748, reflecting the industry's shift toward responsive and flexible development practices. 'Project Management' follows closely, highlighted by a frequency of 9514, emphasizing the critical importance of efficient project oversight. The role of 'Product Management' is also significant, with a frequency of 14079, indicating its centrality in steering product vision and strategy. Additionally, 'Data Analysis' is vital, recorded at a frequency of 6549, showcasing the necessity for Engineers to leverage data-driven decision-making. These insights are visualized in the accompanying chart, which delineates the most commonly used technologies in Product job roles, thus equipping hiring managers with the necessary information to inform their recruitment strategies.

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