PayScale Releases New Research Highlighting The Value of Certified Human Resources Professional Credentials
Seattle - February 7, 2012
The study conducted in collaboration with Human Resources Professional Association (HRPA), Canada's largest HR association shows that Human Resources leaders with CHRP designations earn more than their counterparts; Canadian wages also rise in Q4 2011
- 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.
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