Obtaining the CCP certification can be costly and requires a lot of time, but often an investment worthwhile. The majority of compensation professionals go to a PCC as a long-term investment that will advance in its Knowledge and will continue quickly with your careers.
Employers who recognize the value of PCCP’s credential will often reimburse employees for certification-related expenses, which can help accelerate the process.
What is a PCC certification?
Obtaining a CCP certification means that a recipient has successfully completed a broad curriculum in the basics of compensation management. CCP candidates learn to integrate compensation programs with commercial strategy, Design and manage payment programs, and effectively communicate the compensation information.
It is needed
CCP certification for convertiCSR in a certified compensation professional, therefore, the acronym of CCP.
123] Who grants CCP certification?
The professional designation of certified compensation Esporia by Worldatwork, a non-profit association that serves compensation professionals to design and deliver total rewards programs. The world at work is considered the gold standard for professional development in compensation and rewards.
How to become a Certified Compensation Professional
Candidates for PCC certification must pass ten exams that cover the required knowledge and skills. Of compensation professionals, including employment analysis, base payment management, market prices, variable payment, accounting, quantitative analysis and regulatory compliance.
There are a variety of ways to prepare for the ten exams required for certification. Before taking a CCP exam, candidates generally complete the associated courses from one of the three forms:
Traditional classroom: a traditional course run by instructor performed for two days; Virtual classroom, a two-day course online with live and participant instruction. Interaction; Organization-study – an independent program program using pre-recorded materials.
Some extremely experienced persons may be able to pass exams using experiential knowledge and choose not to attend one or more classes. However, the most typical way is to complete the courses and then sit for exams.
How much does it cost to become a certified compensation professional?
Costs for training and examination rates to obtain CCP varies according to the membership status of Can WorldatworkDidate and the type of instruction chosen. WorldAtwork members receive significant discounts on rates compared to non-members. The costs are the following, of course:
Traditional or virtual course: If the candidate chooses to take the traditional or virtual course before the exam, the rate is $ 2,200 for non-members, but only $ 1,495 for members. Materials: If the candidate chooses self-learning using materials provided by the world at work, rates are $ 1,780 for non-members and $ 1,275 for members. , the world at work charges an examination fee of approximately $ 500 per review.
Depending on these options, the total costs to obtain a CCP will vary from approximately $ 5,000 to $ 15,000 for the total of ten exams required to obtain certification. This does not include travel costs thatThey will depend on the circumstances of the individual, but many of the courses are taught in several places across the country.
Note: Costs are from May 1, 2019 and probably increase in the future.
How long does it take to become a certified compensation professional?
Winning a CCP can be done as fast as the candidate can take CCP courses and spend all ten exams. For most candidates, the main challenges will be the lack of free time and the funds available. Given these limitations, it usually takes most candidates several years to obtain their certifications. Is the certificate ccpvalent worth the investment? Studies have estimated that payment levels could be up to 10% higher for compensation professionals who obtain a PCC certification. If a newly coined CCP recipient with a $ 50,000 base salary earns $5,000 additional per year after certification, the CCP will be paid within three years. This assumes that the candidate takes the ten courses and passes all the exams in the first attempt. In addition, employees with PCC can be promoted at a more pace Rapid than non-certified employees, leading to an even greater salary. For companies, there are also advantages to employees who get a PCC. Based on job publishing data, most employers prefer candidates for compensation roles to have a certification of PCC certified compensation professionals enjoy a competitive advantage in the labor market because certification ensures employers who The employee has reached the knowledge and skills necessary to effectively manage compensation programs. There is no doubt that obtaining the certification of the CCP is worth the investment in time and money for the professionaLes seeking a long-term career in compensation management.