No major reforms have taken place in Iceland skills and employability the past years. 

On January 2020, a new framework legislation on the competency of teachers and school leaders in heads in pre-schools, compulsory schools and upper secondary schools (Act 95/2019) entered into force, repealing the act 87/2008 on the education and recruitment of teachers and administrators. The act lays down licencing requirements in Iceland. A significant novelty is that licenced teachers may move up and down school levels, although with more requirements for teaching in specific subjects in the upper-secondary school stages (ISCED 3 or grades 11, 12 and 13).