The Society for Human Resource Management (SHRM) offers two primary certifications: the SHRM Certified Professional (SHRM-CP) and the SHRM Senior Certified Professional (SHRM-SCP). These certifications are highly regarded in the HR field and can significantly enhance a professional’s career.
However, understanding the costs associated with obtaining and maintaining these certifications is crucial for prospective candidates. This article provides a detailed analysis of the SHRM certification costs, including exam fees, preparation expenses, recertification costs, and the overall return on investment.
Initial Certification Costs
The initial costs of obtaining SHRM certification can vary based on several factors, including membership status and preparation methods. Below is a breakdown of the primary costs involved:
Exam Fees
The exam fees for SHRM certification depend on whether you are a member of SHRM or not.
SHRM-CP Exam Fees
- Members: $410
- Non-Members: $510
- Early Bird Pricing (Members): $335
- Student Members: $149
- Non-Member Students: $209
SHRM-SCP Exam Fees
- Members: $410
- Non-Members: $510
- Early Bird Pricing (Members): $335
- Student Members: $149
- Non-Member Students: $209
Variations in SHRM Certification Costs
The costs associated with SHRM certification can vary slightly based on several factors, including the exam window and applicable discounts.
SHRM offers certification exams during specific windows throughout the year, typically in two main periods:
- Spring Exam Window: Usually from May to July.
- Winter Exam Window: Typically from December to February.
During these windows, candidates can register for the exam, and the fees may differ based on the timing of registration.
Early Bird Discounts
SHRM provides early bird pricing for candidates who register ahead of the standard registration deadline. This discount can significantly reduce the cost of the exam:
Early Bird Pricing:
- SHRM-CP and SHRM-SCP for Members: $335
- SHRM-CP and SHRM-SCP for Non-Members: $435
The early bird discount incentivizes candidates to register early, allowing them to save money on the exam fees.
Standard Exam Fees
After the early bird registration period ends, candidates must pay the standard exam fees, which are higher:
Standard Exam Fees:
- SHRM Members: $410
- Non-Members: $510
These fees are applicable during the regular registration period and reflect the standard costs for taking the certification exams.
Student Discounts
SHRM also offers discounted rates for student members, making certification more accessible for those currently enrolled in HR-related programs:
Student Member Fees:
- SHRM-CP: $149
- Non-Member Students: $209
This pricing encourages students to pursue certification while they are still in school, providing them with a competitive advantage in the job market.
Corporate and Military Discounts
Special pricing is available for corporate groups and military service members, further reducing the financial burden:
- Corporate Exam Fees: $270 for both members and non-members.
- Military Discounts: Similar pricing structures may apply to active military personnel, although specific details can vary.
Membership Types and Fees
The specific costs for SHRM membership are structured to accommodate various professionals in the human resources field.
Professional Membership
The cost of a Professional Membership with SHRM is $264.00 per year. This membership is particularly suited for people actively working in human resources or those who have a keen interest in HR management.
Members enjoy a variety of benefits, including access to a comprehensive range of HR resources and tools that can aid in their professional development. Additionally, they receive legislative updates, ensuring they stay informed about important changes in HR laws and regulations.
Members also have the opportunity to consult with HR advisors for assistance on various topics, providing valuable support in their roles.
Furthermore, the membership includes printed issues of HR Magazine, which offers insights and trends relevant to the HR field, helping members stay current with industry developments.
Student Membership
The cost of a Student Membership with SHRM is $49.00 per year. This membership is designed for students currently enrolled in HR-related degree programs.
It provides several valuable benefits, including access to digital issues of HR Magazine, which offers insights into the field of human resources.
Additionally, members can take advantage of networking opportunities with other HR students and professionals, fostering connections that can be beneficial for their future careers.
The membership also includes educational resources specifically tailored for those who are just starting their careers in HR, helping them build a solid foundation in the field.
Professional Retired Membership
The cost of a Professional Retired Membership with SHRM is $55.00 per year. This membership is specifically designed for retired HR professionals who wish to remain connected to the field.
Members benefit from access to a variety of SHRM resources and updates that are relevant to human resources.
They also have the opportunity to consult with HR advisors for guidance on various topics. Additionally, this membership includes printed issues of HR Magazine, allowing members to stay informed about the latest industry developments and trends.
Benefits of SHRM Membership
- Personalized Content: Members receive tailored resources and information that align with their specific HR interests and career goals.
- Legislative Resources & Updates: Members are kept informed about changes in HR laws and regulations, helping them stay compliant and knowledgeable.
- Online Member Community: Access to a network of HR professionals allows for support, knowledge sharing, and collaboration on various HR topics.
- Free Webcasts: Members can participate in educational webcasts at no additional cost, providing opportunities for continuous learning.
- Discounts in SHRM Events and Educational Offerings: Members enjoy reduced rates for conferences, workshops, and other educational opportunities, making professional development more affordable.
- Access to Thousands of HR-Related Resources: Members can utilize a vast library of materials, including research papers, toolkits, and templates, to enhance their HR knowledge and skills.
Preparation Costs
Preparation for the SHRM certification exam is crucial for success. Candidates can choose various study methods, which can affect overall costs:
SHRM Learning System:
The SHRM Learning System is a comprehensive study tool designed to help candidates prepare for the SHRM Certified Professional (SHRM-CP) and SHRM Senior Certified Professional (SHRM-SCP) exams. This resource is available to both SHRM members and non-members, with pricing structured accordingly.
Pricing
- Member Price: $820
- Non-Member Price: $1,055
Features of the SHRM Learning System
- Comprehensive Study Materials:
- Online Modules
- Flashcards and Downloadable Content
- Practice Exams
- Support Resources
Certification Preparation Courses
Many organizations offer courses to help candidates prepare for the exam, with costs ranging from $300 to $1,500, depending on the provider and course format (online, in-person, etc.).
Self-Study Materials
Books and other resources may also be purchased for preparation, typically costing between $50 and $200.
SHRM Retake Fees
If a candidate does not pass the SHRM certification exam (either the SHRM Certified Professional (SHRM-CP) or the SHRM Senior Certified Professional (SHRM-SCP)), they are allowed to retake the exam. The retake fees are generally the same as the initial exam fees:
SHRM-CP Retake Fee:
- SHRM Members: $410
- Non-Members: $510
SHRM-SCP Retake Fee:
- SHRM Members: $410
- Non-Members: $510
Retake Policy
- Waiting Period: Candidates must wait a specific period before retaking the exam. Typically, this period is 45 days from the date of the initial attempt. This waiting period allows candidates to adequately prepare for the retake.There is generally no limit to the number of times a candidate can retake the exam
- Registration Process: Candidates must go through the registration process again, similar to their initial registration. They will need to pay the applicable retake fee and schedule their exam.
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Total Initial Investment
Considering the exam fees, membership fees, and preparation costs, the total initial investment for obtaining SHRM certification can range from approximately $1,000 to $2,500, depending on the choices made by the candidate.
Recertification Fees
SHRM certifications are valid for three years. To maintain certification, professionals must earn professional development credits (PDCs) and pay a recertification fee:
- Recertification Fees: SHRM Members: $100
Earning Professional Development Credits (PDCs)
To recertify, candidates must earn 60 PDCs within the three-year period. PDCs can be obtained through various activities, including:
- Attending workshops and conferences
- Completing online courses
- Engaging in self-study
- Participating in webinars
While many of these activities may have associated costs (e.g., registration fees for conferences), they are essential for maintaining certification.
Financial Assistance and Discounts
Candidates seeking SHRM certification may find financial assistance or discounts through various avenues:
- Employer Sponsorship: Many employers are willing to cover certification costs as part of professional development initiatives.
- Scholarships and Grants: SHRM occasionally offers scholarships for members pursuing certification.
- Group Discounts: Organizations that enroll multiple employees in certification programs may qualify for group discounts.
The cost of obtaining and maintaining SHRM certification is a significant investment for HR professionals. However, the potential benefits in terms of career advancement, salary increases, and professional credibility often outweigh the expenses incurred.
Find Out: Jobs you can get with SHRM certification
SHRM certification is not just an expense; it is an investment in your future as an HR professional.
FAQS
How Much Is a SHRM Certification Worth?
A SHRM certification is a highly valuable credential for HR professionals. According to a comprehensive salary survey by PayScale, your median pay could rise by up to 54% as you advance from the SHRM-CP to the SHRM-SCP certification.
In 2018, the median salary for SHRM-CP holders was $70,000, while those with the SHRM-SCP credential reported a median salary of $107,800.
How Long Does It Take To Get SHRM Certified?
The time it takes to get SHRM certified typically ranges from three to six months. This includes preparing for the exam, which generally requires 41 to 120 hours of study, depending on the individual’s prior knowledge and experience.
After applying for the exam, candidates can schedule their test during specific windows throughout the year, and results are communicated immediately after completion.
Is SHRM Certification Hard?
The SHRM certification is known for its challenging nature, given its broad scope and the extensive preparation required.
However, there’s good news: you can now hire an expert to take the SHRM certification exam on your behalf. This option has significantly simplified the process of passing the certification.
Can I Get SHRM Certified Without Experience?
While SHRM certification is designed for HR professionals with at least one year of experience, there are exceptions. Candidates without experience can still pursue certification through the SHRM-CP (Certified Professional) route, which focuses on foundational HR knowledge rather than practical experience.