What is CandorIQ
The People Spend Platform is designed to modernize the way organizations manage their workforce spending. It integrates headcount planning, approvals, and compensation management into a single, unified system. This platform enables businesses to attract and retain top talent by providing tools for operational efficiency, data-driven decision-making, and real-time collaboration.
How to Use CandorIQ
- Integrate Data Sources: Connect your HRIS/ATS systems to the platform. 2. Set Budgets: Define department budgets and compensation plans. 3. Plan Headcount: Use the platform to forecast and allocate headcount. 4. Run Merit Cycles: Utilize AI recommendations to execute merit cycles efficiently. 5. Monitor Analytics: Track churn risks and retention opportunities through the analytics dashboard.
Use Cases of CandorIQ
The platform is ideal for HR and finance teams looking to streamline workforce planning, compensation management, and headcount approvals. It supports collaborative decision-making, enabling organizations to maintain competitive compensation strategies and optimize workforce budgets.
Features of CandorIQ
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Global Benchmarking Data
Access comprehensive, real-time benchmarking data or integrate third-party data sources for accurate compensation analysis.
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Churn Prediction & Analytics
Proactively identify retention opportunities and flag potential churn risks with advanced analytics.
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Merit Cycle
Streamline merit cycles with AI-powered recommendations and real-time collaboration, reducing the process from months to days.
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Employee Total Rewards
Offer a fully customizable total rewards portal to employees, enhancing transparency and engagement.
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Headcount Planning
Make informed organizational decisions, including promotions, budget allocation, and org design, with trusted headcount data.
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Headcount Approvals
Centralize and manage headcount and backfill requests, ensuring alignment with budget constraints.