Certified Compensation Professional certification is a designation awarded by the World at Work Society of Certified Professionals, which is a nonprofit organization that awards a variety of professional designations to business people. CCP certification gives professionals in the rewards and compensation field recognition as qualified professionals in the fundamentals of compensation. CCP certification has been available since 1976, and it requires passing 11 comprehensive tests that require extensive preparation.
Those holding a CCP certification have a competitive advantage in the compensation field. Employers have increased confidence in CCP-certified employees and are more likely to hire and promote those who are CCP certified. The CCP certification demonstrates to employers that the certified employee has expert knowledge of integrating compensation programs with business strategies, designing and administering base and variable pay structures, complying with legal and regulatory requirements, and working effectively to communicate concepts and information related to compensation.
The World at Work Society of Certified Professionals offers preparation courses for those wishing to become CCP certified. The exams required to earn the certification include: Total Reward Management, Accounting and Finance for Human Resources Professionals, Quantitative Principles of Compensation Management, Strategic Communication in Total Rewards, Regulatory Requirements for Compensation Programs, and Job Analysis Documentation and Evaluation.
Others are Base Pay Administration and Pay for Performance, Variable Pay--Improving Performance With Variable Pay, Market Pricing--Conducting a Competitive Pay Analysis, Business Acumen for Compensation Professionals, and International Compensation Reporting Standards for Compensation Professionals.