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The Standard of Excellence in Total Compensation.

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Presentation on theme: "The Standard of Excellence in Total Compensation."— Presentation transcript:

1 The Standard of Excellence in Total Compensation

2 CEBS Co-Sponsors The Wharton School – responsible for the academic standards of CEBS The International Foundation of Employee Benefit Plans – responsible for program administration **University-based curriculum distinguishes CEBS from other designations

3 What is Professional Development? Acquisition of knowledge and improvement of competence in a professional role Commitment to professional ethics in carrying out responsibilities Keeping up-to-date and continuously seeking to improve though education, certification, on-the-job training, mentoring, etc. A life long process

4 Why Professional Development? “The most successful companies will be those that manage human capital in the most effective and efficient fashion – investing in their workers, encouraging workers to invest in themselves and providing a good learning environment…” - Gary S. Becker, Nobel Laureate

5 Who Takes CEBS? Professionals operating in group benefits, retirement and/or compensation servicing employers/plan sponsors Service Providers from Insurance, HR, Compensation and Benefits Consulting, Third Party and Benefits Administration, Investment Management, Legal, Accounting, Actuarial, Financial Planning Advisors Staff in Association Plans, Multiemployer Plans, Public Employee Plans, Single Employer Plans

6 What is CEBS and Why Should I Take It? CEBS is a professional designation that offers certification choices in three distinct areas of specialization – Group Benefits (GBA), Retirement Plans (RPA) and Compensation Management(CMS) Leading and most respected program in the employee benefits industry CEBS courses can enhance daily performance and long range career objectives

7 What is CEBS and Why Should I Take It? Many employers look to fill jobs with individuals who are knowledgeable and skilled. They view CEBS as a desirable or mandatory credential for employee benefit positions. Comprehensive and relevant curriculum covers the entire spectrum of employee benefits and compensation Certifications are a valid and reliable way to demonstrate professional and practical knowledge.

8 What’s In It For You? Job knowledge to enhance performance Improve self-confidence Increase value to employer Credibility with clients and peers Increase employability, career resilience Obtain Continuing Education (CE) credit

9 What’s In It For Your Employer? Measure and recognize job knowledge Recognize and motivate staff Increase productivity and service Improve moral Improve retention Increase client satisfaction

10 GBA Group Benefits Associate RPA Retirement Plans Associate CMS Compensation Management Specialist CREDENTIALS FOR BENEFIT AND COMPENSATION PROFESSIONALS

11 Certified Employee Benefit Specialist Six Required Courses GBA 1 – Group Health Plan Design GBA 2 – Group Benefits Management RPA 1 – Retirement Plan Design RPA 2 – Retirement Plan Management CMS 1 – Human Resources and Compensation Management CMS 2 – Compensation Concepts and Principles ®

12 Certified Employee Benefit Specialist Two Electives GBA 3 – Health Care: Financing, Quality and Reform RPA 3 – Asset Management RPA 4 – Personal Wealth Management CMS 3 – Executive Compensation ®

13 Curriculum Model Specialty Tracks in: Group Benefits Retirement Plans Compensation Management

14 Group Benefits Associate Ideal for those working with life, health and other group benefits plans. Courses reflect information relevant to effectively design, administer and communicate group benefit plans. COMPLETE THESE CEBS COURSES: GBA 1 – Group Health Plan Design GBA 2 – Group Benefits Management GBA 3 – Health Care: Financing, Quality and Reform GBA

15 Retirement Plans Associate Ideal for those working with pension plans or involved in the management of plan assets. Courses reflect information relevant to effective design and manage group retirement plans. COMPLETE THESE CEBS COURSES: RPA 1 – Retirement Plan Design RPA 2 – Retirement Plan Management and choice of RPA 3 – Asset Management RPA 4 – Personal Wealth Management RPA

16 Compensation Management Specialist Ideal way to showcase your expertise in the human resource and compensation area. Courses cover human resources, compensation design and administration and executive compensation. COMPLETE THESE CEBS COURSES: CMS 1 – Human Resources and Compensation Management CMS 2 – Compensation Concepts and Principles CMS 3 – Executive Compensation CMS

17 How Do You Prepare for CEBS Exams? Independent Study On-line Classes In-House Classes

18 Exam Format 2-Hour Timed Exam 100 Questions Multiple Choice Format 70% Correct to Pass Year-Round Computer-Based Testing

19 How to Get Started Register Order Study Materials Apply for Exam

20 International Society of Certified Employee Benefit Specialists (ISCEBS) Professional association dedicated to CEBS graduates, GBA, RPA, CMS designees and CEBS students International industry resources and networking Local chapter affiliations ListServe and publications

21 International Society of Certified Employee Benefit Specialists (ISCEBS) Continuing education opportunities Local Chapter educational programs Fellowship course and exam Developed by the Wharton School Focused on recent developments and trends in group benefits, retirement and compensation Offers special “CEBS Fellow” distinction

22 Questions?

23 The Standard of Excellence in Total Compensation


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