Seattle - February 7, 2012
- PayScale, Inc., the leader in real-time salary information, announced today the availability of the research report "The Value of a CHRP: More Promotions and Better Pay."
In summary, the report highlights several major markers of workplace success, such as pay, career progression, and job opportunities, and that earning a CHRP has been shown to have a positive impact on Human Resources professionals’ careers. In 2007, only 36 percent of job postings, on average, requested that the applicant have, or be working toward, a CHRP. By the end of 2011, that number had nearly doubled to 67 percent.
The report shows that 45 percent of HR generalists with CHRPs became HR managers in five years, whereas only 21 percent of HR generalists without CHRPs became HR managers in five years.
"PayScale data shows that holding a CHRP not only boosts an HR professional's pay, but also opens the door to more opportunities and promotions. In general, obtaining certifications is a key way for white-collar workers to improve their career progression and we see this is definitely true for HR workers with a CHRP, " said Katie Bardaro, Lead Economist, PayScale.
Additionally, The quarterly PayScale Index (Canada) follows the change in wages of employed Canadian workers, revealing trends in compensation over time. It specifically measures the quarterly change in the total cash compensation of full-time, private industry employees nationally, with additional detail on the six largest Canadian metropolitan areas. In Q4 2011, Canadian wages increased by 0.8 percent, raising workers' wages up 1.4 percent year-over-year and well above their recession-era lows. Earnings in Canada grew a bit throughout 2011 but Q4 performance outdid all the previous three quarters combined.
Certified Human Resources Professional Methodology
Using its database of over 30 million profiles and 250 compensable factors, PayScale analyzed various aspects of Human Resources (HR) positions, comparing results for professionals with and with- out a Certified Human Resources Professional (CHRP) certification.
Limiting its research to data from 2011, PayScale determined how HR positions for those holding a CHRP designation differ from those without the CHRP, in terms of pay levels nationally, across 12 industries and 11 Canadian metropolitan areas. Additionally, PayScale provided further analysis comparing company sizes and career progression.About PayScale
) is the leading online provider of employee compensation data
. With the world's largest database of individual compensation profiles, PayScale provides an immediate and precise snapshot of current market salaries
to employees and employers. PayScale's patent-pending, real-time profiling technology collects and indexes employee pay attributes worldwide and makes this compensation data available through its online salary
tools. Publisher of the quarterly PayScale Index™, PayScale's compensation software
products include PayScale MarketRate
™ and PayScale Insight
™. Among PayScale's 2,200 corporate customers are organizations small and large across industries including Zappos, Volunteers of America and Manpower. For more information, visitwww.payscale.com
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