more-arw search

Q&A Forum

What professional certification fees should a company pay?

Samuel W Reed's Profile

I wanted to ask the community to see what expenses a company should pay vs. what the employee should pay. For instance, my CPA license entails bi-annual renewal, costs for continuing education and fees for professional memberships.

Answers

Topic Expert
Christie Jahn
Title: CFO
Company: Prime Investments & Development
(CFO, Prime Investments & Development) |

I hate to give this response, I would think it would depend on the company and their financial position. I would see if there is a policy about it or ask if it's in the budget or can be, if it's something you feel like should be covered by the company.

EMERSON GALFO
Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO, C-Suite Services) |

Here is my position on it.....

If the company "requires" it for the job (and candidates), then they should be responsible for the "upkeep" of the certification. Requiring it from candidates (and current jobholders) means they benefit from the certification.

It all depends on the culture of the company, how they treat/view their employees and company financial position. "Should" however does NOT mean they "will" and neither is it their legal obligation.

Anonymous
(Manager) |

I have pretty strong opinions on this topic, and overall I think a company should pay for it, within reason. I used to work for an organization that hired a CPA staff accountant - they chose her over others because she was a CPA, but then they did not want to pay for her to keep it up.

It is hugely dependent on company culture, but I feel a culture that respects their employees and wants to see their employees succeed along with the business should pay for them.

It is also dependent upon financial position. In my experience, the renewal fees are usually not so large that it would have a huge impact on the bottom line. The professional memberships are often similar to the renewal fees, but those should have to pass a test for reasonableness. Continuing education can get very costly - I think this should be limited to what the company can afford while still meeting the requirements. Or at least set an annual amount that the company will pay for.

If it's a requirement, or the company encourages it, they should pay for it.

If it directly relates to the job, they should consider it.

If it's has nothing to do with the position, then no.

Jim Lenihan
Title: Strategic Leader
Company: TreasuryPros
(Strategic Leader, TreasuryPros) |

I am a Certified Professional who is required to earn renewal credits every 36 months. Companies traditionally state that employees are their most valuable assets. If they actually believe that, they should show it by paying for ongoing training and recertification fees if the certification is directly relevant and/or required for the position or career path of the employee. Experience has shown that as soon as there is an economic downturn, one of the first expenses eliminated is training.

Topic Expert
Christie Jahn
Title: CFO
Company: Prime Investments & Development
(CFO, Prime Investments & Development) |

I was thinking the same thoughts as Emerson. If I require it I would pay for it. I just know that not all companies treat their people as assets. We will pay for continuing education if someone wants to attend a seminar as long as they can provide the benefits and we set the expectation that they bring something back from it to implement.

Anonymous User
Title: CFO
Company: Local Government Agency
(CFO, Local Government Agency) |

Being contrarian, I would argue that a professional certification usually has more value to the employee than the employer.

As an employer, I may use it as a winnowing tool when offering employment. But, once you are on board, having it is of no value to me.

But, it certainly remains of value to you because of both the education it may provide via CE and because it may help you boost your career - somewhere else.

Also, I didn't pay for you to go to college in the first place. You did that of your own interest and volition.

Finally, I've seen a fair amount of abuse of employer paid certs like this. Employees obtain all sorts of them along with memberships, dues and subscriptions that they deem necessary. They maintain them because they can. And mostly, because it costs them nothing.

As in all things in life, once they have to foot the bill - put some skin in the game - they are likely to be much more discerning in their expenditures.

8911 views
Products and Companies

Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email content@proformative.com to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.