The WorldatWork Society of Certified Professionals is a non-profit legal organization designed to provide formal certification in the fields of compensation, benefits, and remuneration (www.worldatworksociety.org). The organization offers a Certified Compensation Professional (CCP) designation to individuals who complete a series of examinations related to the field of compensation.
Individuals interested in gaining CCP certification should already have some professional experience in the areas of human resources and compensation management. The courses focus on quantitative methods, statistics, market pricing, and job requirements for human resource professionals who are responsible for handling employee compensation. There is no time limit for completing the exam prep courses, and students can track their progress through the courses online. Candidates who complete the certification process might expand their career options further by pursuing related advanced degrees.
Compensation Professional CCP Certification
In order to gain certification, they must pass at least 75% of the CCP examination. The CCP training courses provide very specific, current information related to the compensation profession. Common topics include:
- Rewards management
- Human resources and finance
- Market Pricing
- Business communication
- Environments for compensation programs
- Pay for performance, base pay and variable pay
Employment Outlook and Salary Info
The U.S. Bureau of Labor Statistics groups compensation managers with benefits managers. In May 2018, it reported that compensation and benefits managers held approximately 16,400 positions in businesses and corporations across the country (www.bls.gov). The median annual wage for such managers was $121,010 in 2018. These professionals are expected to see 3% job growth in the decade between 2018 and 2028.
Continuing Education Options
Human resources professionals who have earned CCP certification might consider enrolling in a degree program in order to advance in their careers. Some programs that might prepare human resources professionals and compensation managers for higher leadership positions might be those related to human resources management, business administration, or organizational management.
A CCP looking to earn certification can enroll in an exam-preparation course by the WorldatWork Society of Certified Professionals. These programs review many of the skills and techniques crucial to the field and may lead to a formal degree as well as better job opportunities.