FAQ from CandorIQ
What is CandorIQ?
CandorIQ is an integrated platform that manages headcount spend, approvals, and compensation planning, helping organizations retain top talent and achieve operational excellence. It integrates with HRIS and ATS systems, offering global benchmarking data, predictive analytics, merit cycle management, customizable total rewards, and headcount planning tools.
How to use CandorIQ?
Connect CandorIQ with your HRIS or ATS, leverage its real-time data capabilities, and import third-party data for global benchmarking. Use churn prediction analytics to identify retention opportunities, run merit cycles efficiently with AI recommendations, and customize the employee total rewards portal. Centralize headcount and backfill requests linked to budget, and collaborate with various stakeholders for effective planning.
What data sources does CandorIQ integrate with?
CandorIQ integrates with various data sources, including HRIS and ATS.
Does CandorIQ provide global benchmarking data?
Yes, it offers comprehensive real-time global benchmarking data and allows for third-party data imports.
Can CandorIQ predict churn and identify retention opportunities?
Yes, CandorIQ includes predictive analytics to identify potential retention issues and churn risks.
Does CandorIQ facilitate merit cycles?
Yes, CandorIQ supports merit cycle facilitation with AI-driven recommendations and real-time collaboration.
Is the employee total rewards portal customizable?
Yes, the total rewards portal can be fully customized to meet organizational needs.
How can CandorIQ help with headcount planning?
It provides reliable data for strategic organizational decisions, such as workforce design, promotions, and budget allocations.
Can headcount and backfill requests be centralized and tied to budget in CandorIQ?
Yes, CandorIQ allows for centralization of headcount and backfill requests linked to budget constraints.
What are the benefits of using CandorIQ for people spend planning?
CandorIQ enables organizations to hire and retain top talent through competitive compensation planning and provides accurate analysis for headcount cost forecasting.
Who can benefit from using CandorIQ?
HR professionals, finance leaders, line managers, employees, and candidates can benefit from CandorIQ’s collaborative and automated solutions for workforce design, budget planning, and compensation management.