Transcript Canadian CEBS Student Presentation

The Standard of Excellence
in
Employee Benefits
Presented by:
Wayne Murphy, CEBS
(The PBAS Group)
ISCEBS, Toronto Chapter - Fundamentals
May, 2011
What is CEBS?
• Certified Employee Benefits Specialist
(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)
CEBS Co-Sponsors
• Dalhousie University – responsible for the
academic standards of CEBS
• The International Foundation of Employee
Benefit Plans – responsible for program
administration
• Industry Experts – integral to ensuring currency,
accuracy and relevance of the curriculum and
exams
**University-based curriculum distinguishes CEBS from
other designations
Are There Good Prospects in the
Benefits and Retirement Industry?
Yes! For example:
The centre of the financial services industry in Canada is the Toronto
Region, housing 28.6% of the nation’s financial services employees.
Toronto is home to:
• 2 of the largest 10 global life insurers, plus a third with significant
operations in Toronto
• 3 of the world’s largest 25 banks and Canada’s 5 largest banks
• 3 of the top 50 global pension funds
• 4 of the 5 largest investment management firms in Canada
A major objective of the Toronto Financial Services Alliance (TFSA) created in 2001 with
the mandate of actively promoting and advocating for growth of Toronto’s Financial
Services Industry as a North American centre is to become a global leader in retirement
financing solutions.
Source: An Action Plan by The Boston Consulting Group for The Toronto Financial Services Working Group, November 2009
Are There Good Prospects in the
Benefits and Retirement Industry?
Yes! For example:
The Canadian life and health insurance industry:
• Is highly competitive with 96 life and health insurance companies
• Provides a wide range of financial security products to more than 26
million Canadians and other dependants including group life
insurance, supplementary health insurance and various retirement
vehicles like RRSPs and pensions.
• Employs in total, over 312,900 Canadians with more than 55,600
working full time in Canada.
Source: Canadian Life and Health Insurance Facts, 2010 Edition
Who Takes CEBS?
• Professionals operating in group benefits,
group retirement and/or compensation
servicing employers/plan sponsors
• Staff in Association Plans, Multiemployer Plans,
Public Employee Plans, Single Employer Plans
• Service Providers from Insurance, HR,
Compensation and Benefits Consulting, Third Party
HR and Benefits Administration, Investment
Management, Legal, Accounting, Actuarial,
Financial Planner Advisors
How Can CEBS Help?
• In today’s increasingly complex business world,
one of the keys to success is being better
prepared than your competition
• Employers are looking to fill jobs with individuals
who are knowledgeable and skilled
• Certifications are a valid and reliable way to
demonstrate professionals and practical
knowledge
How Can CEBS Help?
CEBS offers a career-long relationship:
• Credentials in all areas of total
compensation
• Professional Code of Conduct
• Professional Continuing Education credit
• Professional association membership
Four Credentials for Benefits and
Compensation Professionals
CEBS – Certified Employee Benefit
Specialist
GBA – Group Benefits Associate
GBA
CEBS
RPA - Retirement Plans Associate
CMS – Compensation Management
Specialist
RPA
CMS
Certified Employee Benefit Specialist
®
Six Required Courses & Two Electives
Required Courses – complete all six:
GBA 1 – Principles of Group Benefits
GBA 2 – Applications of Group Benefits
RPA 1 – Retirement Income Programs
RPA 3 – Government-Sponsored Benefits
CMS 1 – Compensation Concepts and Principles
CMS 3 – Human Resources Management
Elective Courses – complete two:
GBA 3 – Health Care Economics
RPA 2 – Asset Management
CMS 2 – Executive Compensation Management
GBA
Group Benefits Associate
Specialty Credential
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 – Principles of Group Benefits
• GBA 2 – Applications of Group Benefits
• GBA 3 – Health Care Economics and Issues
RPA
Retirement Plans Associate
Specialty Credential
Ideal for those working with pension plans, governmentsponsored plans or involved in the management of plan
assets. Courses reflect information relevant to effectively
design and manage group retirement plans.
Complete These CEBS Courses:
• RPA 1 – Retirement Income Programs
• RPA 2 – Asset Management
• RPA 3 – Government-Sponsored Benefits
CMS
Compensation Management Specialist
Specialty Credential
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 – Compensation Concepts
and Principles
• CMS 2 – Executive Compensation
Management
• CMS 3 – Human Resource Management
How Can You Prepare for
CEBS Exams?
Independent Study
Formal Classes
On-line Classes
What Are the Exams Like?
2-Hour Timed Exam
100 Questions
Multiple Choice Format
70% Correct to Pass
Exam Offered Twice Per Year
What Will It Cost?
GBA - $1,800
RPA - $1,900
CMS - $2,000
CEBS - $4,900
Above costs are approximates only and are based upon self studying the courses.
Does not include shipping charges or HST and/or GST taxes.
How Do You Get Started
When You’re Ready?
Register
Order Study Materials
Apply for Exam
Life After CEBS:
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
• Continuing education opportunities
• Local Chapter educational programs
• Fellowship course and exam
• Focused on recent developments and trends in group benefits,
retirement and compensation
• Offers special “CEBS Fellow” distinction
My Objective Today
• Open the door to some career
opportunities you may not have
considered before
• Show how a professional credential like
CEBS can provide career-long value
• Leave you with the information you need
to explore whether this a good fit for you
Questions?
The Standard of Excellence
in
Employee Benefits