CandorIQ Howto

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CandorIQ is a unified platform for headcount spend, approvals, and compensation planning to help companies manage their people spend and retain top talent.
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Profile of CandorIQ
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What is CandorIQ
Features of CandorIQ & Use Cases

How to Use CandorIQ

Sign up for CandorIQ: Visit the CandorIQ website and sign up for an account to access the platform.
Connect your HR and payroll systems: Integrate CandorIQ with your existing HRIS, ATS, and payroll systems to import employee data.
Set up compensation benchmarks: Use CandorIQ's global benchmarking data or import your own third-party data to establish compensation benchmarks for different roles.
Create job architectures: Define job levels, titles, and associated compensation ranges within the platform.
Plan headcount and budget: Use the headcount planning tools to forecast people spend and allocate budgets across departments.
Manage headcount approvals: Centralize headcount and backfill requests within CandorIQ, tying them to allocated budgets.
Run merit cycles: Utilize the merit cycle feature to plan and execute compensation reviews, leveraging AI-powered recommendations and real-time collaboration tools.
Generate offer letters: Create visual offer letters for candidates that showcase the total rewards package, including equity scenarios.
Set up employee total rewards portal: Customize and launch a portal for employees to view their total compensation, including cash, equity, and benefits.
Analyze retention risks: Use the churn prediction and analytics features to proactively identify retention opportunities and churn risks.

CandorIQ FAQs

CandorIQ is a platform offering headcount and compensation management solutions. It provides a unified system for managing people spend, approvals, and compensation planning to help companies win and retain top talent.