3-hr Virtual Seminar: PHR-SPHR Exam Preparation for Compensation and Benefits
Compensation and Benefits is 19% for the PHR and 13% for the SPHR. This functional area of the PHR/SPHR Body of Knowledge relates to Developing/selecting, implementing/administering, and evaluating compensation and benefits programs for all employee groups to support the organization’s goals, objectives, and values.
Can you browse through HR job postings without seeing the inevitable “PHR/SPHR Required” towards the end of the ad? I think we all know the answer to this question. We will only hope that all the 175-multiple questions in the PHR/SPHR would be this simple to respond!
In today’s hypercompetitive world, you need to outperform the competition. If you work in the Human Resources field one of the best ways to differentiate and have greater opportunities to excel in this career is by obtaining your PHR or SPHR Certification. The PHR proves your mastery of technical and operational HR management skills. The SPHR demonstrates your mastery of the strategic and policy-making aspects of HR management as practiced in the U.S. The credential is designed for big-picture thinkers responsible for planning rather than implementing HR policy.
To demonstrate your excellence in the HR Profession, you will have to take and pass the PHR or the SPHR with a minimum passing rate of 70%. The passing rate for both exams as of January 2017 have been in the 50th percentile. About 50% who walk in the center to take the exam walk out disappointed. But you could be one of the 50% who will walk out from the center after taking the exam with a big smile in your face and a huge sense of accomplishment and satisfaction that all your effort was worth it.
PHR/SPHR Helps!! Some of the benefits you will obtain by having your PHR or your SPHR just to name a few are:
• According to a survey done by Payscale.com, HR professionals who are certified make substantially than their non-certified counterparts.
• According to Payscale’s survey, the median pay for a certified HR professional was $63,900 while those without certification made around $45,300—a difference of nearly $20,000.
• The U.S. Bureau of Labor Statistics (BLS) projected the demand for human resources professionals to grow 9% by 2024
• Hiring managers typically consider an applicant’s certification when making hiring decisions.
• Certified HR professionals may inspire greater trust and confidence from business colleagues than their non-certified HR co-workers
• Some organizations believe hiring HR-certified professionals gives them a competitive advantage
• Business leaders may find HR-certified professionals better motivated and knowledgeable than non-certified HR workers
• HR professionals report that certified HR professionals can help create a positive impact on their organizations’ financial performance
• Nearly, 50%of manager-level HR professionals hold a PHR® or SPHR® certification.
• 66% of supervisors of HR professionals prefer to hire HRCI-certified professionals.
• 85% of Fortune 500 companies employ HRCI® certificate holders.
• 90% of PHRs are currently employed in an HR position vs. 69% of non-certified peers.
To successfully pass your HR Certification Exam and enjoy all these benefits, you need to ensure that you master the PHR/SPHR’s six bodies of knowledge. You do want to take the time to invest in a program that would meet your studies/learning needs. This webinar is ideal for those who would like to take a prep course to just freshen up their knowledge on the six PHR/SPHR areas needed to pass your Human Resources Certification. The class/webinar is conducted in one 6-hour session. The evolving challenges in human resources can yield tremendous opportunities to those with the right training and credentials. The best investment you can make in your life is the one you make for yourself!
In 1976, the first accreditation exams were given and it slowly began to pick up speed. By the end of 1978, only 753 people had taken the exam but by 2009, over 100,000 HR professionals held the PHR, SPHR or GPHR designation. Forty-one years later there are approximately 500,000 Human Resources Professionals who have been certified by the Human Resources Certificate Institute with one of their accredited certifications. They also have certifications holders in over 100 countries all around the world. The HRCI Certification is still the gold standard in the industry.
• Ensure that compensation and benefits programs are compliant with applicable federal laws and regulations.
• Develop, implement, and evaluate compensation policies/programs (for example: pay structures, performance-based pay, internal and external equity).
• Manage different Reward Strategies.
• Manage payroll-related information (for example: new hires, adjustments, terminations).
• Manage outsourced compensation and benefits components (for example: payroll vendors, COBRA administration, employee recognition vendors). PHR only
• Conduct compensation and benefits programs needs assessments (for example: bench-marking, employee surveys, trend analysis).
• Develop/select, implement/administer, update and evaluate benefit programs (for example: health and welfare, wellness, retirement, stock purchase).
• Communicate and train the workforce in the compensation and benefits programs, policies and processes (for example: self-service technologies).
• Understanding Wages and Factors affecting wages.
• Develop/select, implement/administer, update, and evaluate an ethically sound executive compensation program. (for example: stock options, bonuses, supplemental retirement plans). SPHR only
• Develop, implement/administer and evaluate expatriate and foreign national compensation and benefits programs. International Compensation/Balance Sheet Approach. SPHR only
• Calculating overtime with non-discretionary bonus included.
• Understanding Executive compensation.
• Understanding Noncash compensation.
• Differentiating Benefit Plans.
• Practice Test Questions.
• Much more….
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
Who Will Benefit:
• HR Professionals
• HR Directors
• HR Supervisors
• HR Generalists
• HR Specialists
• Compliance Officers
• Employee Relations Professionals