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Best compensation manager certifications
Compensation manager certifications allow job seekers to demonstrate their competency as an compensation manager to employers. However, not all compensation manager certifications provide the same value for job seekers.
The best certifications for a compensation manager are Certified Cost Professional (CCP), Certified Professional - Human Resource (IPMA-CP), and Certified Compensation Professional (CCP).
Below is a list of the best compensation manager certifications. Obtaining an compensation manager certification will give you a leg up when you apply for jobs and increase your potential salary.
6 best certifications for compensation managers
| Rank | Compensation manager certification | Organization |
|---|---|---|
| 1 | Certified Cost Professional (CCP) | AACE |
| 2 | Certified Professional - Human Resource (IPMA-CP) | IPMA-HR |
| 3 | Certified Compensation Professional (CCP) | WAW |
| 4 | Senior Professional in Human Resources (SPHR) | HRCI |
| 5 | Global Remuneration Professional | WAW |
| 6 | Society for Human Resource Management Certified Professional (SHRM-CP) | SHRM |
6 best compensation manager certifications
1. Certified Cost Professional (CCP)
A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution and management of any organizational project or program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
2. Certified Professional - Human Resource (IPMA-CP)
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.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
3. Certified Compensation Professional (CCP)
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.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
4. Senior Professional in Human Resources (SPHR)
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.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
5. Global Remuneration Professional
Obtaining the GRP designation is beneficial for human resources professionals responsible for their multinational organization's compensation/ remuneration programs. This may include examining and evaluating current market trends, preparing salary analyses for determination of employee compensation, presenting recommendations and revisions to the current compensation plan/procedures to management, producing and directing the implementation of all compensation plans including bonuses and incentives, reviewing job descriptions, and assessing appropriate compensation levels.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
6. Society for Human Resource Management Certified Professional (SHRM-CP)
HR professionals who implement policies and strategies, serve as point of contact for staff and stakeholders, deliver HR services, and perform operational HR functions, should take the SHRM-CP exam.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
What is the best certification for a compensation manager?
The best compensation manager certification is Certified Cost Professional (CCP). The Certified Cost Professional (CCP) is awarded by the AACE International, Inc. 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 manager certification:
- To become a certified Certified Cost Professional (CCP), you need to pass the exam.
- This certificate requires more than two years of work experience.
- Renew certification every 3 year.
What are some of the most in-demand certifications for compensation managers?
The most in-demand compensation manager certification is Certified Compensation Professional based on all active job postings. Having this compensation manager certification will give you access to more compensation manager jobs with higher salaries.
What certifications can impact a compensation manager career and salary?
The Certified Cost Professional certification will help you to secure a director of human resources position, which will increase your pay and career trajectory. A director of human resources's average salary is $99,855 whereas compensation managers make an average salary of $100,119.
The most common combination of compensation manager certifications include: Certified Cost Professional (CCP), Certified Professional - Human Resource (IPMA-CP), and Certified Compensation Professional (CCP).
Online courses for compensation managers to earn certifications
1. Managing Employee Compensation
Whether you're writing paychecks or wondering where yours comes from, this course is for you! We begin by asking: "To succeed, what kind of a person does your organization need to attract, retain, and motivate?" From there, we'll explain how to align your organization's objectives, its pay philosophy, and ultimately the way it designs and implements its salary structure, short-term incentives, long-term incentives, and benefits. Interested in learning more about the technical aspects of...
2. Sales Operations/Management
Sales jobs span nearly every industry, from agribusiness and pharmaceuticals, to telecommunications and property management. And essential to sales is the management of the sales force. This course provides the knowledge and know how required for careers in sales management. Students are exposed to all facets of sales management, including organizing, selecting, training, motivating, supervising and compensating the sales force, territory management and administration and sales and expense...
3. Performance Management and Compensation Management in HRM
Performance Management and Compensation Management Complete Course...
4. Compensation and Benefits for Beginners
This course is a beginners guide to understanding compensation and benefits...
5. Marketing Channel Incentives
This specialization is ideal for individuals who currently work in or are targeting opportunities in consulting and strategy, industrial sales and buying, marketing management, entrepreneurship and business development. In this course, you will be exposed to the challenges of implementing a pricing strategy in your route-to-market and the necessity of becoming a "strategic skeptic." Questions such as, "how to ensure our partners do the right activity at the right price?" "how should my firm...
6. Marketing Channel Functions
This course is ideal for individuals who currently work in or are targeting opportunities in consulting and strategy, industrial sales and buying, marketing management, entrepreneurship and business development. This course will cover the concept of channel functions, or the supply side of designing routes to markets. Channel functions are the necessary activities that channel members must provide in order to create the channel benefits that customers desire. You will learn a framework that...
7. Ultimate Payroll Management with Income Tax & Year-End 23-24
Basic to Advanced: Certification in Payroll, Compensation Benefits, Income Tax,Year Ending for Payroll & Human Resources...
8. Master Course in Human Resources 2.0
Strategic human resource management, strategic planning, recruiting, training, HR management,Labour welfare...
9. Accounting Analysis II: Accounting for Liabilities and Equity
This course is the fourth course in a five-course Financial Reporting Specialization. This course focuses on the recognition, measurement, and subsequent accounting for equity, pensions, share-based compensation, and cash flows utilizing the FASB Accounting Standards Codification and other resources...
10. Management Consulting Essential Training
Everything you need to know about the techniques of world's top management consulting firms to land 6-figure job offer...
11. Cloud Computing Sales
The Hottest Tech Market: Close more and better deals by understanding clients' business objectives + technology roadmap...
12. Ultimate HR Generalist and Human Resource Management Course
Hands-on HR Certification: All HRM topics. Master Employee Life Cycle, Payroll, Recruitment, Engagement, EXDesign and AI...
13. Salary Negotiation: How to Negotiate a New Job Offer (Pro)
Earn thousands by finding what you're worth, knowing exactly what to say, and negotiating your pay with confidence...
14. Certification Course in Human Resource Management
Curriculum commensurate to Top B School's Management Program : with downloadable resources, quiz, assessments & exercise...
15. Management Coaching Employee Performance Coach Certification
Set expectations, assess performance, provide feedback, increase productivity, develop employee potential...
16. Diploma Course in Human Resource Management (HRM)
Become top-notch HRM Practitioner - Get Live Projects, Ready-to-use Templates, Demos, Quizzes, Articles, Case studies...
17. Business Fundamentals: Management and HR Management
Management and HR Management Fundamentals: Become a more effective leader and supercharge your business for success...
18. Program Management Interview Course
Learn how to interview for program manager roles at tech companies...
19. How to Succeed In Your First Management Job
The management skills you can build to become a better manager and a great boss...
20. Program Management Course - Program Manager Essentials
In this Program Management course you will learn the essentials and more to become an effective Program Manager...