How do you become a CCP?
CCP Certification is the certification needed to become a Certified Compensation Professional (CCP).
This is a designation that demonstrates that you possess the essential knowledge to integrate compensation programs with business strategy, design, and administer base and variable pay programs..
How do you calculate compensation?
When hiring employees in the Philippines, it's crucial to offer them the right benefits package to stay compliant with the country's labor laws. Social Security. Health insurance. Home development mutual fund. Vacation entitlements—and other types of paid leave. Statutory holidays. 13th month pay..
What is a CCP certification?
Compensation management is defined as “the act of distributing some type of monetary value to an employee for their work by means of the company's policy or procedures”.
Simply put, it is the paycheck plus any benefits that come with the position..
What is a CCP certification?
How to calculate total compensation.
To calculate total compensation for an employee, take the sum of their base salary and the dollar value of all additional benefits.
Additional benefits include insurance benefits, commissions and bonuses, time-off benefits, and perks..
What is a CCP certification?
The next level is the Advanced Certified Compensation Professional (ACCP).
This credential demonstrates your ability to manage compensation programs and to use advanced analysis techniques.
To earn this credential, you must have earned the CCP or GRP and pass the ACCP certification exam..
What is the best compensation and benefits certification?
A CCP certification is an HR accreditation you can earn to become a certified compensation professional (CCP).
This specialized designation describes an HR practitioner who possesses the knowledge and training to implement compensation programs within a company's framework..
What is the best compensation and benefits certification?
Fair compensation and benefits can lead to greater job satisfaction, meaning employees are happy in their job position and are less likely to want to move jobs.
Not only does this result in a lower employee turnover rate but it can also make certain positions in the workplace appear more favorable among employees..
What is the best compensation and benefits certification?
It includes the process of determining how much an employee should be paid and deciding what benefits should be offered.
C&B also encompasses the administration of employee benefits programs, including enrolling employees in benefits plans, processing claims, and communicating information about benefits to employees..
What is the best compensation and benefits certification?
To earn this certification, candidates must take the CCP training courses and successfully pass the following certification exams: Total Rewards Management.
Accounting and Finance for the Human Resources Professional..
What is the compensation and benefit procedure?
How to calculate total compensation.
To calculate total compensation for an employee, take the sum of their base salary and the dollar value of all additional benefits.
Additional benefits include insurance benefits, commissions and bonuses, time-off benefits, and perks..
