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The best certifications for a compensation and benefits analyst are Certified Professional - Human Resource (IPMA-CP), Certified Employee Benefit Specialist (CEBS), and Certified Compensation Professional (CCP).
Compensation and benefits analyst certifications demonstrate your competency as a compensation and benefits analyst to employers. However, not all compensation and benefits analyst certifications provide the same value.
Below is a list of the best compensation and benefits analyst certifications. Obtaining a compensation and benefits analyst certification will give you a leg up when you apply for jobs and increase your potential salary.
| Rank | Compensation and benefits analyst certification | Organization |
|---|---|---|
| 1 | Certified Professional - Human Resource (IPMA-CP) | IPMA-HR |
| 2 | Certified Employee Benefit Specialist (CEBS) | IFEBP |
| 3 | Certified Compensation Professional (CCP) | WAW |
| 4 | Senior Professional in Human Resources (SPHR) | HRCI |
IPMA-HR strives to encourage excellence in public sector human resources, promote continuous learning and develop the next generation of leaders. To that end, IPMA-HR offers two internationally recognized certification programs to the public HR community: the IPMA-CP and the IPMA-CS.
Obtaining the CCP designation is beneficial for human resources professionals responsible for their organization's base pay and incentive compensation programs. This may include examining and evaluating current market trends, managing compensation survey data including data analysis and conducting benchmarking studies, conducting audits to ensure legal compliance, and assessing and making appropriate recommendations for various pay programs, structures, policies and practices.
By earning the Senior Professional in Human Resources® (SPHR) certification you demonstrate that you have mastered the strategic and policy-making aspects of HR management as practiced in the United States. The credential is designed for the HR professional who plans, rather than implements, HR policy, focuses on the "big picture," has ultimate accountability in the HR department, has breadth and depth of knowledge in all HR disciplines and understands the business beyond the HR function and influences the overall organization.
The best compensation and benefits analyst certification is Certified Professional - Human Resource (IPMA-CP). The Certified Professional - Human Resource (IPMA-CP) is awarded by the International Public Management Association for Human Resources. The advanced certification is for more experienced employees as it often requires some work experience to acquire.
Here's a bit more background on how to obtain this compensation and benefits analyst certification:
The most in-demand compensation and benefits analyst certification is Certified Compensation Professional based on all active job postings. Having this compensation and benefits analyst certification will give you access to more compensation and benefits analyst jobs with higher salaries.
The Certified Professional - Human Resource certification will help you to secure a human resources manager position, which will increase your pay and career trajectory. A human resources manager's average salary is $80,699 whereas compensation and benefits analysts make an average salary of $73,143.
The most common combination of compensation and benefits analyst certifications include: Certified Professional - Human Resource (IPMA-CP), Certified Employee Benefit Specialist (CEBS), and Certified Compensation Professional (CCP).
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