CCBM®
Certified Compensation and Benefits Manager (CCBM)
Human resource management regards compensation & benefits as a function concerned with employee compensation and benefits policy-making. Compensation includes not only salary, but also the direct and indirect rewards and benefits the employee is provided with in return for their contribution to the organization.
ELIGIBILITY REQUIREMENTS
Applicants must meet specific educational and work experience criteria at the time they submit their application, in order to be eligible to sit for the CCBM exam. These requirements are outlined below:
- Hold a Bachelor degree or higher,
- At least 5 years work experience in the compensation & benefits function, and
- ِِِِAgree to abide by the Code of Ethics established by the HRMI
Any applicants with lesser qualifications than the above will be reviewed by the HRMI Certification Board to determine the eligibility for the program.
CERTIFICATION PREPARATION COURSE
Then CCBM program is designed to provide in-depth skill and knowledge for those assigned to manage compensation functions in the organization. The program serves as an excellent platform through which participants will gain industry recognition and enhances the efficiency and effectiveness of Compensation & Benefits Managers at the workplace.
- Module 1: Establishing a Strategic Pay Plan
- Salary Survey
- Comprehending the different types of salary surveys and the aim of conducting them.
- Reading and analyzing salary surveys
- Job Evaluation
- Identifying the fundamental compensable factors
- Understanding the four different job evaluation methods
- Using the job evaluation point method to determine the relative worth of jobs
- Benefits and Services
- Pay for Vacations and Holidays
- Sick leaves
- Maternity leave
- Pricing Pay Grades
- Plotting the wage curve
- Market pricing of jobs
- Establishing a strategic pay plan
- Fine Tune Pay Rates
- Developing pay ranges
- Correcting out-of-line rates
- Salary Survey
- Module 2: Variable Pay Plans
- Motivation theories and incentive plans
- Pay for performance and financial Incentives
- Main incentives for individual employees
- Pay for group performance
- Organization-wide variable pay plans
- Module 3: Benefits and Services
- Pay for time not worked
- Vacations and Holidays
- Sick leaves
- Maternity leave
- Insurance benefits
- Worker’s compensation
- Medical and life insurance
- Retirement benefits
- Social insurance
- Pension plans
- Personal services and family friendly benefits
- Cafeteria approach
- Pay for time not worked
AWARD OF CERTIFICATION
Upon successful completion of the exam, participants will be accorded recognition as Certified Compensation and Benefits Manager (CCBM) by HRMI.
